Public Storage to Acquire 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.

Affiliates of Blackstone Real Estate Acquire PS Business Parks for $7.6 Billion

July 20, 2022

Real Estate

Affiliates of Blackstone Real Estate entered into a definitive all-cash agreement to acquire PS Business Parks, Inc. for $187.50 per share, valuing the transaction at approximately $7.6 billion. The deal covers PS Business Parks’ commercial portfolio (industrial, business park, office, and multifamily) primarily located in California, Miami, Texas, and Northern Virginia, with an expected closing in the third quarter of 2022.

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.

Storage Post Acquires Three Sofia Storage Locations in New York City

July 16, 2025

Real Estate

Storage Post Self Storage acquired three long-standing Sofia Storage locations in Manhattan and Brooklyn, expanding its New York City footprint and integrating the family-run properties into its portfolio. The deal — supported by commercial real estate brokers and debt providers — preserves the Sofia family legacy while enabling Storage Post to upgrade amenities and operations at the facilities.

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.