Public Storage Acquires National Storage Affiliates in $10.5B All-Stock Deal

Public Storage Acquires ezStorage for $1.8 Billion

April 13, 2021

Real Estate

Public Storage (NYSE: PSA) acquired ezStorage’s 48-property self-storage portfolio for $1.8 billion, adding approximately 4.2 million net rentable square feet across Washington, D.C., Virginia and Maryland. The transaction expands Public Storage’s Mid‑Atlantic coverage and was funded with unsecured debt; the company indicated the deal would be immediately accretive to FFO with an anticipated closing in May 2021.

Public Storage Acquires Simply Self Storage From BREIT for $2.2 Billion

July 24, 2023

Real Estate

Public Storage (NYSE: PSA) entered into an agreement to acquire Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion. The Simply portfolio includes 127 wholly owned properties and about 9 million net rentable square feet across 18 states, with ~65% in Sunbelt growth markets.

NexPoint Storage Partners Acquires 29 SAFStor Self‑Storage Properties

December 12, 2022

Real Estate

NexPoint Storage Partners acquired 29 newly developed self-storage properties from SAFStor, bringing its wholly owned portfolio to approximately $1.7 billion in assets and 71 operating properties. As part of the deal Extra Space Storage extended and restructured its preferred equity investment in NexPoint and will manage NexPoint’s entire platform (nearly 90 properties) under the amended arrangement.

StorageVault Acquires Four Self-Storage Facilities for $60.8M

September 29, 2025

Real Estate

StorageVault Canada Inc. completed the acquisition of four additional self-storage facilities from four vendor groups for an aggregate purchase price of $60.8 million, funded with cash on hand and mortgage financing. One previously announced $2.6 million acquisition was not completed and was replaced by a $9.0 million asset, bringing StorageVault's year-to-date completed transactions to $132.6 million.

Extra Space Storage Acquires Storage Express for $590M

September 16, 2022

Real Estate

Extra Space Storage (NYSE: EXR) completed the acquisition of multiple entities doing business as Storage Express—adding 107 remote-managed self-storage properties across Indiana, Ohio, Illinois and Kentucky—for approximately $590.0 million. The deal also included the purchase of the E-Tracker operating software platform and adds 14 future development sites; Storage Express founder Jefferson Shreve was appointed to Extra Space's board following the transaction.

Storable Acquires StorageAuctions.com

June 11, 2024

Software

Storable has acquired StorageAuctions.com, an online marketplace for self-storage unit auctions, integrating its auction services to create an end-to-end delinquency management solution for self-storage operators. The deal, finalized June 4, 2024, will have StorageAuctions.com operate as a division of Storable and is intended to streamline auction workflows and improve unit recovery and re-rental efficiency.