National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.
The company’s core business involves providing flexible storage solutions to both individual and commercial customers. Facility offerings range from small lockers and residential storage units to larger commercial spaces and vehicle storage. In addition to rental income, NSA generates ancillary revenue through the sale of packing and moving supplies, tenant insurance programs, lock sales, and digital access services, enhancing overall profitability and customer convenience.
NSA’s portfolio comprises over 600 facilities across more than 30 states, including major markets such as California, Texas, Florida, and the Northeast. Geographic diversification allows the Trust to mitigate market-specific risks and capitalize on regional demand trends. Local affiliate operators deliver hands-on management and customer service, while the central REIT platform provides standardized technology, marketing support, and financial oversight.
Headquartered in Greenwood Village, Colorado, National Storage Affiliates Trust is guided by a leadership team with extensive experience in commercial real estate and the self-storage industry. By combining the benefits of a national scale with the agility of local affiliates, NSA is positioned to pursue continued expansion opportunities and adapt to evolving storage needs.
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