– Adds Approximately 1.0 Million Rentable Square Feet to Portfolio –
National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA)
today reported that the Company has acquired 17 self storage properties
since August 31, 2015, with an aggregate value of approximately $75
million. The combined acquisitions are comprised of approximately 1.0
million rentable square feet, approximately 8,300 storage units and
include properties located within Oregon, California, New Hampshire and
North Carolina.
Arlen Nordhagen, Chief Executive Officer, stated, “We are very pleased
to announce the acquisition of these 17 properties as we continue to
grow our portfolio of institutional quality properties. The acquisitions
will complement our existing portfolio and enhance our long-term growth.”
The acquisitions were funded by a combination of draws on the Company’s
line of credit, issuance of operating partnership units and short-term
debt assumption.
These acquisitions bring NSA’s total portfolio to 275 self storage
properties located in 16 states with approximately 15.7 million rentable
square feet in over 120,000 self storage units.
About National Storage Affiliates Trust
National Storage Affiliates Trust is a Maryland real estate investment
trust focused on the ownership, operation and acquisition of
self-storage properties located within the top 100 metropolitan
statistical areas throughout the United States. The Company currently
owns and operates 275 self-storage properties located in 16 states with
approximately 15.7 million rentable square feet. NSA is the sixth
largest owner and operator of self storage properties among public and
private companies in the U.S. For more information, please visit the
Company’s website at www.nationalstorageaffiliates.com.
NSA is included in the Russell 2000 Index of Companies.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20151005006657r1&sid=ntxv4&distro=nx&lang=en)
View source version on businesswire.com: http://www.businesswire.com/news/home/20151005006657/en/
Copyright Business Wire 2015