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StocksMedium•6 April 2026•

1 min read

Public Storage to Acquire National Storage Affiliates in $10.5 Billion Deal

Key Facts

1Public Storage plans to acquire National Storage Affiliates in a deal valued at $10.5 billion.

2The acquisition is expected to close by Q3 2026, expanding the company's portfolio by 30%.

3The company has secured additional liquidity to support the acquisition and is focusing on technological advancement through a partnership with Welltower.

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1 additional source confirmed this story

Public Storage (PSA) has entered into a definitive agreement to acquire National Storage Affiliates (NSA) for $10.5 billion. This strategic move is set to consolidate PSA's leadership in the self-storage market, expanding its total portfolio by approximately 30%. The transaction is expected to close by the third quarter of 2026, pending regulatory approvals. To support this massive acquisition, the company has successfully secured additional liquidity despite the current high-interest-rate environment. Furthermore, Public Storage is prioritizing technological innovation through a strategic partnership with Welltower to enhance operational efficiency. This consolidation highlights the company's aggressive growth strategy within the REIT sector and signals long-term value creation for shareholders.