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

Company: National Storage Affiliates Trust
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 10
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 increased supply, including zoning restrictions against new construction and new construction costs that we believe are higher than our properties' fair market value. As of December 31, 2024, we owned a geographically diversified portfolio of 815 self storage properties located in 38 states and Puerto Rico, comprising approximately 52.2 million rentable square feet, configured in approximately 409,000 storage units. Of these properties, 306 were acquired by us from our former PROs, 508 were acquired by us from third-party sellers and one was acquired by us from the 2016 Joint Venture (as defined in Note 5 to the consolidated financial statements in Item 8). A complete listing of, and additional information about, our self storage properties is included in Item 2 of this report. 

During the year ended December 31, 2024, we acquired seven consolidated self storage properties and annexes to existing properties, all of which were acquired by us from unaffiliated third-party sellers. The following is a summary of our 2024 consolidated acquisition activity (dollars in thousands):

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Table of Contents

Number of Number ofRentableState/TerritoryPropertiesUnitsSquare FeetFair Value2024 Acquisitions:Florida(1)3 1,615 184,299 $29,753 Texas(2)3 1,291 215,393 27,572 North Carolina1 514 63,250 7,548 Total7 3,420 462,942 $64,873 (1)Includes land acquisition with no incremental storage.(2)Includes annexes to existing properties.

During the year ended December 31, 2024, we sold, to unaffiliated third parties, 40 self storage properties consisting of approximately 2.6 million rentable square feet configured in approximately 19,000 storage units for approximately $273.1 million and we contributed, to the 2024 Joint Venture (as defined in Note 5 to the consolidated financial statements in Item 8), 56 self storage properties consisting of approximately 3.2 million rentable square feet configured in approximately 24,000 storage units for approximately $343.7 million.

During the year ended December 31, 2023, we acquired 20 consolidated self storage properties and annexes to existing properties, of which 19 were acquired by us from our former PROs and one was acquired by us from an unaffiliated third-party seller. The following