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Real Estate/Development

Aug. 10, 2016

National Storage Affiliates acquires self-storage portfolio

The 22-property portfolio, which has a combined occupancy of about 92 percent, attracted multiple offers due to the strategic locations of the properties and the high demand for self-storage facilities, particularly in population hubs in Southern California.

CBRE Group, Inc. announced the sale of a portfolio of 22 self-storage properties in California to National Storage Affiliates, a Colorado-based real estate investment trust, for an undisclosed price.

The Extra Space Storage-managed portfolio includes 22 properties in Southern California, including San Diego, Anaheim, Riverside, Apple Valley, South Gate, Harbor City, Grand Terrace, Palmdale, Victorville, and Rosamond.

The transaction also included seven facilities in Bakersfi...

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