AcquisitionMar 16, 2026Completed
🇺🇸 United States
NSNational Storage Affiliates TrustPSPublic Storage
Real Estate › REITs
Deal valueUndisclosed
AnnouncedMar 16, 2026
ConsiderationStock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Public Storage agreed on March 16, 2026 to acquire National Storage Affiliates Trust by merging it into a Public Storage subsidiary, with NSA's OP merging into a Public Storage OP subsidiary.
Deal rationale
The document does not state the strategic rationale; it only supplements proxy disclosures to moot shareholder litigation and demand letters.
AI-generated from the SEC filingCompletedReal Estate › REITsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Stock |
Advisors
Buy-side
GSGoldman SachsWFWells Fargo
Sell-side
MSMorgan Stanley
Parties
Target
NSNational Storage Affiliates Trust
- Headquarters
- United States
- Ticker
- NSA
Acquirer
PSPublic Storage
- Headquarters
- United States
- Ticker
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