NSA Storage
2026
$10.5B
Why
To execute a massive strategic consolidation of the self-storage industry, instantly adding hundreds of high-quality facilities to Public Storage’s portfolio, primarily in high-barrier-to-entry coastal markets and rapidly growing Sunbelt corridors.
Impact
The acquisition transformed Public Storage into an even more dominant force in the most supply-constrained metropolitan corridors, eliminating the threat of new competition in those submarkets and creating immense pricing power and negotiating leverage.
Outcome
The integration is currently underway, with NSA Storage's facilities rapidly being converted to the Public Storage brand and integrated into the company’s proprietary technology platform and dynamic pricing algorithms.