Simply: Public Storage To Buy Blackstone REIT's Asset For $2.2B, Boosting Sunbelt Presence

Public Storage (NYSE: PSA) penned a deal with Blackstone Inc's (NYSE: BX) Blackstone Real Estate Income Trust, Inc. (BREIT) to acquire Simply Self Storage from BREIT for $2.2 billion. The acquired portfolio comprises 127 wholly-owned properties and 9 million net rentable square feet, with 65% of the assets in high-growth Sunbelt markets, located across 18 states and in high-population ...Full story available on Benzinga.com