Self-Storage REITs
Case studies in self-storage reits.
Extra Space Storage — How Local Should Pricing Be?
Imagine joining Extra Space Storage’s portfolio strategy team on March 1, 2024. The company has completed its Life Storage merger and issued separate 2024 same-store outlooks for legacy Extra Space (EXR) and Legacy Life Storage (LSI) pools. You are asked to recommend how the company should organize the next phase of pricing review across the two groups. Read case
Public Storage: What should follow the NSA combination?
On July 22, Public Storage (PSA) completed its all-stock combination with National Storage Affiliates (NSA). The transaction expanded the operating platform under the Public Storage brand to more than 4,500 locations and 327 million rentable square feet, according to PSA. But the quarter-end operating data available to executives still described PSA before the merger closed. Read case