AcquisitionMar 16, 2026Completed
🇺🇸 United States

National Storage Affiliates TrustPublic 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 filing
CompletedReal Estate › REITsUnited StatesNorth America

Timeline

  1. AnnouncedMar 16, 2026

    Imported from prototype record 24, unverified

    Filing
  2. ClosedJul 22, 2026

    Imported from prototype record 50, unverified

    Filing

Valuation and terms

Equity valueUndisclosed
Enterprise valueUndisclosed
ConsiderationStock

Advisors

Buy-side
GSGoldman SachsWFWells Fargo
Sell-side
MSMorgan Stanley

Parties

Target
National Storage Affiliates Trust
Headquarters
United States
Ticker
NSA
Acquirer
Public Storage
Headquarters
United States
Ticker
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