The properties has been sold for $75 million
October 8, 2015: Based in Greenwood, Colo., National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, recently 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 nearly 1 million rentable square feet, approximately 8,300 storage units and include properties located within Oregon, California, New Hampshire and North Carolina.
“We are very pleased to announce the acquisition of these 17 properties, as we continue to grow our portfolio of institutional-quality properties,” said Arlen Nordhagen, CEO. “The acquisitions will complement our existing portfolio and enhance our long-term growth.”
The transactions were funded by a combination of draws on the company’s credit, an issuance of operating partnership units and the assumption of some short-term debt, the release stated.
NSAT has over 275 self-storage
facilities in 16 states comprising approximately 15.7 million net rentable square feet.