M&A Deal Summary

The Storage Acquisition Group Acquires Extra Space Storage - Surfside

On August 31, 2021, The Storage Acquisition Group acquired real estate company Extra Space Storage - Surfside from Extra Space Storage

Acquisition Highlights
  • This is The Storage Acquisition Group’s 1st transaction in the Real Estate sector.
  • This is The Storage Acquisition Group’s 1st transaction in the United States.
  • This is The Storage Acquisition Group’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2021-08-31
Target Extra Space Storage - Surfside
Sector Real Estate
Buyer(s) The Storage Acquisition Group
Sellers(s) Extra Space Storage
Deal Type Divestiture

Target

Extra Space Storage - Surfside

Surfside Beach, South Carolina, United States
Extra Space Storage's Surfside offers 60,295 net rentable square feet across 647 units. The facility offers both climate and non-climate-controlled space, 58 parking spaces, and is conveniently located on 6.39 acres of land. Extra Space Storage's Surfside is based in Surfside Beach, South Carolina.

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Buyer(S) 1

Buyer

The Storage Acquisition Group

Yorktown, Virginia, United States

website

Category Company
Sector Real Estate
DESCRIPTION

The Storage Acquisition Group specializes in purchasing storage facilities and portfolios nationwide. With their four-tiered approach, Market Analysis, Acquisitions, Underwriting, & Closing Support, The Storage Acquisition Group is able to help owners navigate a simple sales process while netting the highest possible profit. The Storage Acquisition Group is based in Yorktown, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Extra Space Storage

Salt Lake City, Utah, United States

website

Category Company
Sector Real Estate
Employees4,781
Revenue 1.9B USD (2022)
DESCRIPTION

Extra Space Storage is a fully integrated, self-administered and self-managed real estate investment trust. Extra Space a national owner, developer, acquirer and operator of professionally managed self-storage properties. Extra Space Storage is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 SmartStop Self Storage

Ladera Ranch, California, United States

SmartStop Self Storage, Inc. is a real estate investment trust.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Storage Express

Bloomington, Indiana, United States

Storage Express owns 107 remote storage properties across Indiana, Ohio, Illinois and Kentucky. Storage Express is headquartered in Bloomington, Indiana.

Buy $590M
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