Deal Details
Follow-On Offering
Summary
Baird served as a joint lead manager on this offering.
About
National Storage Affiliates Trust (“National Storage Affiliates” or the “Company”) (NYSE: NSA) recently completed a follow-on offering of 12,046,250 shares at a price of $20.75 per share, generating gross proceeds of approximately $250 million. The Company intends to use the net proceeds from this offering for debt repayment and general corporate and working capital purposes.National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self-storage properties located within the top 100 metropolitan statistical areas, or MSAs, throughout the United States. With 318 self-storage facilities containing approximately 18.7 million rentable square feet across 18 states, National Storage Affiliates is the sixth largest owner and operator of self-storage properties in the United States. National Storage Affiliates is headquartered in Greenwood Village, Colorado.
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- Date
- June 2016
- Company
- National Storage Affiliates Trust
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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