- The company has 29 self-storage properties under contract across six states, totaling about 2.1M rentable square feet over 18K units. The total price is roughly $190M. A large chunk of the buys is from a 22-unit portfolio in California for $154M.
- The deals are expected to close in Q3.
- With these buys, NYSE:NSA will have completed or put under contract $390M of deals for 54 properties since the end of Q1.
- Alongside these deals, the company is raising money through a secondary offering of 8.75M shares.