National Storage (NSA) expands PRO network with Blue Sky Self Storage.

National Storage Affiliates Trust (NSA) announced that is has formed an alliance with Blue Sky Self Storage, a regional operator with over 150 properties in the western and southern regions of the United States.  As part of the agreement, NSA said that it will acquire an initial group of seven properties during the first quarter of 2021.  The company also said that "The remaining properties in the Blue Sky portfolio will become part of NSA's growing captive pipeline as candidates for future acquisition."

National Storage Affiliates is a national owner of self-storage properties with a presence in 35 states and Puerto Rico. The current portfolio includes approximately 611 consolidated properties with another 177 properties held in institutional joint ventures with affiliates of Heitman Capital Management. Key markets for NSA include the Inland Empire, Portland, Los Angeles, Atlanta, and Phoenix.  NSA has a total market capitalization of approximately $5.7 billion and is a component of the S&P SmallCap 600 and Russell 2000 indexes.