National Storage Affiliates Trust Buys 22-Property California Self-Storage Portfolio From W. P. Carey Affiliate
August 5, 2016 | Inside Self Storage
National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has acquired a 22-property self-storage portfolio in California from CPA:17 – Global, a publicly held, non-traded REIT managed by global net-lease REIT W. P. Carey Inc., according to the source. The facilities comprise a total of 1.6 million square feet and had an occupancy of 92 percent at the time of the sale.
Self-storage REIT and third-party management company Extra Space Storage Inc. manages the portfolio, according to the source.
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