Public Storage Acquires National Storage Affiliates for $10.5B
Denver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Public Storages acquisition of National Storage Affiliates for $10.5 billion marks a significant move in the storage industry. The deal, valued at $3.1 billion in equity, includes a joint venture for stronger properties and Public Storage taking on $4.1 billion of NSAs debt. The merger is expected to yield $110-130 million in annual savings and create a $57 billion firm, set to close in the third quarter.
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