# National Storage Affiliates Trust

National Storage Affiliates Trust is an Asset Manager based in Greenwood Village, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Greenwood Village, United States
- **Region:** North America
- **Address:** Greenwood Village, CO, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** nationalstorageaffiliates.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate

## People

- David Cramer — President and Chief Executive Officer
- Arlen Nordhagen — Executive Chairman

## 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.

### 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.

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- [Ingredion](https://altss.com/profile/ingredion-inc)
- [Lantheus Holdings](https://altss.com/profile/lantheus-holdings-inc)

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Last updated: 2026-06-03T20:00:00.000Z

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