M&A Deal Summary

Public Storage Acquires ezStorage

On April 13, 2021, Public Storage acquired real estate company ezStorage for 1.8B USD

Acquisition Highlights
  • This is Public Storage’s 5th transaction in the Real Estate sector.
  • This is Public Storage’s 3rd largest (disclosed) transaction.
  • This is Public Storage’s 5th transaction in the United States.
  • This is Public Storage’s 1st transaction in Maryland.

M&A Deal Summary

Date 2021-04-13
Target ezStorage
Sector Real Estate
Buyer(s) Public Storage
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

ezStorage

Columbia, Maryland, United States
ezStorage is a US-based self storage company. ezStorage's portfolio comprises 48 properties (4.2 million net rentable square feet) located in submarkets with strong demand drivers and high barriers for new property development across Washington DC, Virginia, and Maryland.

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Buyer(S) 1

Buyer

Public Storage

Glendale, California, United States

Category Company
Founded 1971
Sector Real Estate
Employees5,900
Revenue 4.7B USD (2024)
DESCRIPTION
Public Storage's corporate headquarters in Glendale, California.
Public Storage's corporate headquarters in Glendale, California.

Public Storage is a real estate investment trust. Public Storage acquires, develops, owns, and operates self-storage facilities which offer storage spaces for lease on a month-to-month basis, for personal and business use. Public Storage also offers reinsure policies against losses to goods stored by customers in its self-storage facilities, sells merchandise at its self-storage facilities and manages self-storage facilities owned by third-party owners. Public Storage was founded in 1971 and is based in Glendale, California.


DEAL STATS #
Overall 5 of 7
Sector: Real Estate M&A 5 of 7
Type: Add-on Acquisition M&A Deals 3 of 5
State: Maryland M&A 1 of 1
Country: United States M&A 5 of 7
Year: 2021 M&A 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Beyond Self Storage

Riverside, Missouri, United States

Beyond Self Storage is a provider of climate-controlled storage solutions, based in Riverside, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 all.storage

Dallas, Texas, United States

All Storage portfolio comprises 56 self-storage properties (7.5 million net rentable square feet) primarily located in the growing Dallas-Fort Worth market. All Storage was founded in 1996 and is based in Dallas, Texas.

Buy $1.5B