National Storage Affiliates Trust
National Storage Affiliates Trust (NYSE: NSA) is a self-administered and self-managed[1] Maryland real estate investment trust[2] (REIT) that focuses on the acquisition, operation and ownership[3] of self-storage properties within the top 100 metropolitan statistical areas[4] throughout the United States. According to its Form 10-Q filing with the U.S. Securities and Exchange Commission (U.S. SEC) dated March 31, 2019, the company had more than $2.8 billion in total assets under management and its portfolio comprised more than 44.7 million net rentable square feet.[5] NSA is the fifth-largest owner of self-storage facilities by square footage, according to a 2018 ranking by Inside Self Storage, a national trade publication that tracks the self storage industry.[6]
History:[edit]
NSA was founded in 2013[7] by Chairman, President and CEO[8] Arlen D. Nordhagen[9] and is headquartered in Greenwood Village, Colorado.[10] Effective January 1, 2020, Mr. Nordhagen will transition to Executive Chairman of the Board of Directors of National Storage Affiliates Trust,[11] when Tamara D. Fischer, currently President and Chief Financial Officer, will be appointed Chief Executive Officer of the company.[12] As of March 31, 2019, according to its Form 10-Q filing with the U.S. SEC, NSA holds ownership interest in and operates 706 self-storage properties located in 34 states and Puerto Rico.[5] NSA has been publicly traded[13] on the New York Stock Exchange since its initial public offering[14] in April of 2015.[15]
On July 11, 2018, NSA announced a joint venture with Heitman Capital Management to acquire Brookfield Asset Management's controlling stake in Simply Self Storage.[16] The 112-property portfolio[17] spans 17 states and Puerto Rico,[18] comprising approximately 8.7 million rentable square feet.[19]
Other milestones include:
- In November 2017, NSA acquired[20] a 27-property portfolio spanning six states from Store Here LLC[21] for $174.5 million.
- In June 2017, NSA acquired[22] Store-N-More Self Storage in Tampa for $19 million.
- On December 8, 2016, NSA entered into a joint venture[23] with the Florida State Board of Administration, purchasing a 25% interest in a 66-property iStorage portfolio with a total purchase price of $630 million.[24]
- On November 18, 2016, NSA purchased a 26-property portfolio across four states from Kayne Anderson Real Estate Advisors LLC, an investment-management firm.[25]
- On June 28, 2016, NSA announced[26] it would acquire 29 self storage properties across six states[27] in a transaction valued at approximately $190 million.[28]
References[edit]
- ↑ "Guardian Storage Centers Acquires Land for Self-Storage Development in Chandler, AZ". Inside Self-Storage. 2018-09-19. Retrieved 2019-01-08.
- ↑ Raman, Manikandan (2016-07-06). "National Storage Affiliates Trust (NYSE:NSA) - National Storage Still An Inexpensive Play In Storage, Says Baird". Benzinga. Retrieved 2019-01-08.
- ↑ "National Storage Affiliates Trust Acquires Steelcreek Self Storage in Wichita, KS". Inside Self-Storage. 2018-09-24. Retrieved 2019-01-08.
- ↑ "National Storage Affiliates Trust Buys 26-Property Self-Storage Portfolio Across 4 States". Inside Self-Storage. 2017-11-28. Retrieved 2019-01-08.
- ↑ 5.0 5.1 "National Storage Affiliates Trust Form 10-Q: Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2019". United States Securities and Exchange Commission. Retrieved 2019-05-24.
- ↑ "Top-Operators List 2018". Inside Self-Storage Buyer's Guide. Retrieved 2019-01-08.
- ↑ Egan, John (2015-02-13). "National Storage Affiliates files for $100 million IPO". The SpareFoot Storage Beat. Retrieved 2019-01-08.
- ↑ "National Storage Affiliates Expects to Maintain Record-Breaking Acquisitions Pace in 2018". Nareit. Retrieved 2019-01-08.
- ↑ "On the Fast Track: An Interview With Arlen Nordhagen of National Storage Affiliates". Inside Self-Storage. 2018-09-22. Retrieved 2019-01-08.
- ↑ "Self-storage market has healthy space". Crain's Detroit Business. 2017-11-05. Retrieved 2019-01-08.
- ↑ "National Storage CEO Arlen Nordhagen leaves his post | exechange". exechange.com. Retrieved 2019-05-28.
- ↑ "National Storage Affiliates: a High Return Business for its Investors Says Tamara Fischer". The Wall Street Transcript. 2019-05-22. Retrieved 2019-05-24.
- ↑ "Colorado-based National Storage Affiliates gets $260 million in IPO". Denver Business Journal. Retrieved 2019-01-08.
- ↑ Stoller, Bill (2015-04-20). "Sovran Self Storage, Inc. (NYSE:SSS), Public Storage (NYSE:PSA) - National Storage IPO: This Week's Big Real Estate Story". Benzinga. Retrieved 2019-01-08.
- ↑ "NATIONAL STORAGE AFFILIATES TRUST (NSA) IPO". NASDAQ.com. Retrieved 2019-01-08.
- ↑ Morphy, Erika (2018-07-11). "JV To Buy Brookfield Self-Storage Portfolio For $1.3B". GlobeSt. Retrieved 2019-01-08.
- ↑ Heschmeyer, Mark (2018-07-11). "CoStar News - Brookfield Selling Self-Storage Portfolio for $1.3 Billion to Heitman, National Storage". CoStar. Retrieved 2019-01-08.
- ↑ Stribling, Dees (2018-07-11). "National Storage, Heitman Snap Up Self-Storage Portfolio For $1.3B". Bisnow. Retrieved 2019-02-12.
- ↑ Alexander Harris (2018-07-11). "National Storage Affiliates to acquire 112 locations in $1.3 billion deal". The SpareFoot Storage Beat. Retrieved 2019-01-08.
- ↑ "National Storage Affiliates Trust Acquires 27-Property Store Here Self-Storage Portfolio". Inside Self-Storage. 2017-11-28. Retrieved 2019-05-24.
- ↑ Egan, John (2017-10-25). "After selling 27 facilities, joint venture is ready to buy more". The SpareFoot Storage Beat. Retrieved 2019-05-24.
- ↑ "National Storage Affiliates Trust Acquires Stor-N-More Self Storage in Tampa, FL". Inside Self-Storage. 2017-11-24. Retrieved 2019-05-28.
- ↑ Peterson, Jon (2016-12-08). "Florida SBA makes $248.5m investment in self-storage portfolio". IPE Real Assets. Retrieved 2019-05-24.
- ↑ Stoller, Bill (2016-09-15). "Why Self-Storage REIT NSA's $630 Million iStorage JV Is A Big Deal". Seeking Alpha. Retrieved 2019-05-24.
- ↑ "National Storage Affiliates Trust Buys 26-Property Self-Storage Portfolio Across 4 States". Inside Self-Storage. 2017-11-28. Retrieved 2019-05-24.
- ↑ Miller, Ben (2016-06-28). "Colorado Self Storage REIT in Big Acquisition Deal". Denver Business Journal. Retrieved 2019-05-24.
- ↑ Baltic, Scott (2016-06-30). "NSA to Buy 29 Property Self Storage Portfolio". Commercial Property Executive. Retrieved 2019-05-24.
- ↑ Bubny, Paul (2016-06-28). "NSA REIT Bulks Up Storage Portfolio". GlobeSt. Retrieved 2019-05-24.
Further reading[edit]
- Clough, Richard (2013-07-13). "Westminster apartments find a buyer". Orange County Register.
This article "National Storage Affiliates Trust" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:National Storage Affiliates Trust. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
