NYSE:NSASpecialized REITs
Does NSA’s New US$350 Million Moove In JV Redefine Its Local-Operator Expansion Strategy?
Earlier in January, National Storage Affiliates Trust announced a joint venture with an affiliate of Investment Real Estate Management, creating about US$350 million in buying capacity for value-add self-storage properties that will be operated under the Moove In brand.
This partnership highlights NSA’s push to expand in markets with favorable population and demand trends while leveraging a regional operator’s local execution capabilities.
We’ll now examine how this new US$350 million...