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David Cramer

David Cramer

President and Chief Executive Officer, National Storage Affiliates Trust

Appears in 1 story

Notable Quotes

"This outcome reflects the incredible transformation we have undertaken over the past few years to refocus our portfolio, enhance operations, and drive growth. The transaction will deliver a meaningful premium to NSA investors." — David Cramer, March 16, 2026

Stories

Self-storage giants consolidate as post-pandemic market resets

Money Moves

Leading NSA through acquisition closing

Public Storage, the largest self-storage company in the United States, agreed on March 16, 2026, to buy the fourth-largest, National Storage Affiliates Trust, in a $10.5 billion all-stock deal. The combined company will operate nearly 4,600 locations spanning 327 million square feet across 37 states and Puerto Rico, with a total enterprise value of roughly $77 billion. It is the largest self-storage transaction since Extra Space Storage absorbed Life Storage for $12.7 billion in 2023.

Updated Mar 16