Public Storage Agrees To Acquire Simply Self Storage From Blackstone Real Estate Income Trust For $2.2B
Portfolio Pulse from Benzinga Newsdesk
Public Storage has agreed to acquire Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 billion. The portfolio includes 127 properties and 9 million net rentable square feet across 18 states. The acquisition is expected to close in Q3 2023.
July 24, 2023 | 11:02 am
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POSITIVE IMPACT
Public Storage's acquisition of Simply Self Storage could potentially increase its property portfolio and expand its geographical reach.
The acquisition of Simply Self Storage by Public Storage could potentially increase its property portfolio and expand its geographical reach, which could lead to increased revenues in the future. This could have a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100