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.
Strategic Storage Trust VI and Strategic Storage Growth Trust III have entered into a definitive all-stock merger agreement.
Read the full storyWith 99.9% of voting shares in favor, the merger clears a major hurdle toward its expected closing around July 22, 2026.
Public Storage prices a $900 million senior notes offering at 4.855% to fund its strategic acquisition of National Storage Affiliates Trust.