GREENWOOD VILLAGE, CO—National Storage Affiliates Trust has acquired 17 self storage properties since August 31, with an aggregate value of approximately $75 million. The combined acquisitions are comprised of approximately 1.0 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 acquisitions were funded by a combination of draws on the company's line of credit, issuance of operating partnership units and short-term debt assumption.
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