NexPoint Storage Partners Acquires 29 SAFStor Self‑Storage Properties
December 12, 2022
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.
- Buyers
- NexPoint Storage Partners, Inc., Extra Space Storage, Inc.
- Targets
- SAFStor, Inc.
- Sellers
- SAFStor, Inc.
- Platforms
- NexPoint Storage Partners, Inc.
- Industry
- Real Estate
- Location
- Florida, United States
- Transaction Type
- Addon
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