Low Cap Rates Have National Storage Eyeing Acquisitions

Arlen Nordhagen, president and CEO of National Storage Affiliates (NYSE: NSA), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

National Storage Affiliates recently closed on the $ 650 million joint venture acquisition of iStorage. Nordhagen said the company has about another 30 assets under contract, or recently closed, bringing the year-end acquisitions total to about $ 1.3 billion.

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Life Storage Phasing Out REIT’s Uncle Bob Brand

For Life Storage, Inc. (NYSE:LSI), the summer of 2016 has been anything but a time to slow down and relax.

Executives from Life Storage, the REIT formerly known as Sovran Self Storage, Inc., rang the New York Stock Exchange closing bell on Aug. 16 to commemorate the company’s recent rebranding and new stock ticker symbol.

Sovran changed its name to Life Storage following its acquisition of LifeStorage, LP, a privately owned self-storage operator, in July for approximately $ 1.3 billion.

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National Storage CEO Says REIT Growing Faster Than Expected

Arlen Nordhagen, co-founder, president and CEO of National Storage Affiliates (NYSE: NSA), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

NSA, which went public in April, currently owns 277 self-storage facilities located in 16 states with approximately 15.8 million rentable square feet of space. Nordhagen discussed operational growth trends.

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Iron Mountain CEO Sees Opportunities to Further Tap Domestic Storage Market

Bill Meaney, president and CEO of Iron Mountain (NYSE: IRM), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Iron Mountain, which is included in the S&P 500 Index, is a storage and information management company. The company converted to a REIT earlier this year. Meaney noted that Iron Mountain elected to become a REIT because it best suited the company’s capital allocation model and allowed it to effectively double its dividend.

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