Company: NSA-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008656
Chunk: 11

Company: National Storage Affiliates Trust
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 11
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 is a summary of our 2023 consolidated acquisition activity (dollars in thousands):

Number of Number ofRentableState/TerritoryPropertiesUnitsSquare FeetFair Value2023 Acquisitions:Florida15 7,388 905,157 $144,355 California(1)1 1,038 140,947 28,291 Texas1 502 67,000 8,406 Arizona1 489 54,885 16,181 Nevada1 460 61,856 12,213 Puerto Rico1 443 46,069 16,180 Georgia(1)— 159 22,950 3,237 Louisiana(2)— — — 436 Pennsylvania(2)— — — 151 Total20 10,479 1,298,864 $229,450 

(1)Includes annexes to existing properties.(2)Land acquisitions with no incremental storage.

During the year ended December 31, 2023, we sold 32 self storage properties and an undeveloped land parcel to unaffiliated third parties consisting of approximately 2.0 million rentable square feet configured in approximately 16,000 storage units for approximately $262.3 million. 

Our Unconsolidated Real Estate Ventures

We seek to opportunistically partner with institutional funds and other institutional investors to acquire attractive portfolios utilizing a promoted return structure. We believe there is significant opportunity for continued external growth by partnering with institutional investors seeking to deploy capital in the self storage industry. 

2024 Joint Venture

As of December 31, 2024, our 2024 Joint Venture, in which we have a 25% ownership interest, owned and operated 56 self storage properties containing approximately 3.2 million rentable square feet, configured in approximately 24,000 storage units and located across seven states.

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2023 Joint Venture

As of December 31, 2024, our 2023 Joint Venture (as defined in Note 5 to the consolidated financial statements in Item 8), in which we have a 25% ownership interest, owned and operated 18 self storage properties, all of which were acquired by the 2023 Joint Venture in 2024, containing approximately 1.2 million rentable square feet, configured in approximately 8,000 storage units and located across two states.

2018 Joint Venture

As of December 31,