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National Storage Affiliates Trust announces the acquisition of 17 Self-Storage Properties in 4 States
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. Reports:
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.