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National Storage Affiliates Trust
National Storage Affiliates Trust is a real estate company that offers self storage solutions. It provides climate-controlled, vehicle, business, and wine...
National Storage Affiliates Trust
National Storage Affiliates Trust is a real estate company that offers self storage solutions. It provides climate-controlled, vehicle, business, and wine storage options, as well as moving and storage resources. The company serves individual and business customers and is based in Greenwood Village, Colorado, founded in 2013.
General information
Firm type
Asset Manager
Year founded
2013
Location
Region
North America
Country
United States
City
Greenwood Village
Corporate office
Greenwood Village, CO, United States
Principals
David Cramer
President and Chief Executive Officer
Arlen Nordhagen
Executive Chairman
Sector focus
Frequently asked questions
How does NSA source its acquisition pipeline?
NSA sources acquisitions primarily through its network of participating regional operators, who maintain deep local market relationships and identify off-market portfolio and single-asset deals. The proprietary network provides deal flow that is less competitive than broadly marketed transactions, with operator equity alignment incentivizing them to bring accretive opportunities to the platform.
Who runs investment decisions at National Storage Affiliates Trust?
David Cramer has led investment and capital allocation decisions as President and now CEO, working alongside a board that includes Executive Chairman Arlen Nordhagen. The firm operates with a centralized capital allocation function in Greenwood Village, Colorado, while acquisition sourcing and asset-level operating decisions remain distributed among the regional operator teams.
Is NSA structured as a single family office or does it operate more like a traditional REIT?
NSA is a publicly traded REIT listed on the New York Stock Exchange under the ticker 'NSA'. It is not a family office or privately held entity. The firm is owned by public shareholders, with its participating regional operators retaining minority stakes through operating partnership units in the UPREIT structure.
Which geographic markets does NSA concentrate on?
NSA concentrates its portfolio in Sunbelt and Western US markets, with significant density in Texas, Colorado, the Pacific Northwest, and the Southeast. The firm targets high-growth markets with favorable demographic trends, limited new supply, and fragmented owner-operator landscapes suitable for consolidation.
How is NSA's management structure different from competitors like Public Storage?
NSA uses an external management model with participating regional operators, each retaining local brand names and operational control, unlike Public Storage which is a fully integrated, centrally managed operator. The NSA model gives sellers ongoing equity participation and operational autonomy, creating a distinct acquisition proposition for independent storage entrepreneurs seeking liquidity without losing their operating business.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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