The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Public Storage priced a $900 million senior notes offering at a 4.855% interest rate to fund its acquisition of National Storage Affiliates Trust, which received 99.9% shareholder approval. Concurrently, Strategic Storage Trust VI and Strategic Storage Growth Trust III announced an all-stock merger agreement. Both REITs involved in the merger are sponsored by an affiliate of the NYSE-listed SmartStop Self Storage REIT, Inc.