Public Storage Acquires Simply Self Storage From BREIT for $2.2 Billion
July 24, 2023
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.
- Buyers
- Public Storage
- Targets
- Simply Self Storage
- Sellers
- Blackstone Real Estate Income Trust, Inc. (BREIT)
- Industry
- Real Estate
- Location
- California, United States
- Transaction Type
- Buyout
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