NSA Storage reposted this
Grateful to be working alongside a strong team as NSA Storage enters an important transition period. Moments like this reinforce the value of disciplined execution, collaboration, and continued focus on serving customers and driving performance. Proud of the progress our teams continue to make.
We are excited to announce that we have entered into a definitive agreement to be acquired by @PublicStorage in an all-stock transaction valued at an enterprise value of approximately $10.5 billion. This is an exciting step forward for NSA and our family of brands, and will create a strong and efficient self-storage leader. Through this transaction, we will deliver a meaningful premium to NSA investors, and the all-stock consideration will allow our shareholders and OP unitholders to participate in the significant value we expect this combination to unlock. Together with Public Storage, we will have a stronger operating platform with enhanced scale and deeper reach across key markets to better serve our customers and other stakeholders. Read more about the transaction here: https://lnkd.in/e8EGs_7A