It’s the company’s fourth acquisition in the state over the past year
February 22, 2017: Headquartered in Greenwood, Colorado, National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has purchased Value Self Storage in Palmetto, Florida, for $4.4 million.
The 4.8-acre property will be branded as Hide-Away Storage. Sarasota, Fla.-based Hide-Away Storage Services Inc. became NSAT’s seventh participating regional operator a year ago.
In November, NSAT purchased several Florida self-storage facilities, including Lakewood Storage in Bradenton, Fla., for $7.6 million from Michael E. Edwards, owner of Manatee River Groves Inc. The company also bought a 26-property portfolio from Kayne Anderson Real Estate Advisors LLC, an investment-management firm, that included five facilities in Florida.
During October, NSAT completed its acquisition of the iStorage portfolio. The real estate transaction included the iStorage facility at 6403 State Road 64 E. in Bradenton, Fla.
NSAT is a self-administered, self-managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. metropolitan statistical areas throughout the United States.