Public Storage Acquires National Storage Affiliates Trust

Public Storage has announced a merger with National Storage Affiliates Trust, marking a resurgence in REIT M&A activity. Other potential targets in the sector include CubeSmart, Extra Space Storage, and U-Haul. These companies offer a mix of self-storage and logistics services, and could be attractive to larger players looking to expand their portfolios. The merger between Public Storage and National Storage Affiliates Trust is expected to close in Q4 2023.