Day: April 25, 2022

National Storage Affiliates Trust Announces Largest Increase in Quarterly Common Dividend Since IPO

National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA), announced that its Board of Trustees today declared regular cash dividends for the first quarter 2022 payable on March 31, 2022 to shareholders of record on March 15, 2022 on the following securities: a dividend of $0.50 per common share, representing an annualized dividend rate of $2.00. This new rate represents a 43% increase from the first quarter 2021 dividend and an 11% increase from the previous quarter. a dividend of $0.375 per share on the Company’s 6.000% Series A…

Store Space, QuadReal Form $1 Billion Self Storage Investment Partnership

Winter Garden, FL-based Store Space Self Storage and Vancouver-based QuadReal Property Group have formed a strategic partnership that is capitalized to build a $1-billion portfolio of self storage assets. The companies share a long-term strategy focused on scaling a nationally diversified portfolio of institutional-quality self storage assets across the US in locations with strong demographic and migration trends. The self storage sector offers steady growth. Further, it has shown resiliency and demonstrates consistent fundamental and demographic tailwinds that align closely with QuadReal’s core investment convictions.” The partnership’s value-add and core-plus…

Recent Closings: 4.19.22 – 4.25.22

Portfolio: Harrison Street Eight-Property Portfolio Locations: Texas, Illinois and North Carolina Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien, Matthew Wheeler, Robert Westerfield, Steven Rutman, Dan Reynolds and Ryan Clutter of JLL Unit Count: 4,317 Occupancy: 93% Year Built: 2004 Property: Hammer Lane Self Storage Closing Price: $25 Million Location: Stockton, CA Brokers and Brokerage: Tom de Jong and Dana Chobor of Colliers’ Self Storage Group Buyer: Northwest Building NRSF: 109,800 Unit Count: 526 Climate-Controlled Units and 99 Parking Spaces Year Built: 2004 Property: All Pro Self Storage Location: Winston-Salem,…