National Storage Affiliates Trust (NYSE:NSA) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
On December 7, 2017, National Storage Affiliates Trust, a Maryland real estate investment trust (the “Company”), and NSA OP, LP, a Delaware limited partnership (the "Operating Partnership"), entered into an underwriting agreement with Jefferies LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters named in Schedule A thereto, under which the Company agreed to sell, and the underwriters agreed to purchase, subject to the terms and conditions set forth in the underwriting agreement, an aggregate of 5,750,000 of the Company's common shares of beneficial interest, par value $0.01 per share (the "Shares") (including 750,000 Shares to an option to purchase additional Shares which was exercised in full), at a public offering price of $25.50 per share. The Company received aggregate net proceeds from the offering of approximately $140.3 million after deducting the underwriting discount and estimated offering expenses. The Shares are being offered and sold under a prospectus supplement and accompanying prospectus filed with the U.S. Securities and Exchange Commission to a shelf registration statement on Form S-3 (File No. 333-211570). The offering closed on December 11, 2017.
A copy of the Underwriting Agreement is attached as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
National Storage Affiliates Trust ExhibitEX-1.1 2 ex11december2017underwriti.htm EXHIBIT 1.1 Exhibit Exhibit 1.15,…To view the full exhibit click here
About National Storage Affiliates Trust (NYSE:NSA)
National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s segment consists of investments in self-storage properties located in the United States. The Company’s operating partnership subsidiary is NSA OP, LP. The Company holds interests in a geographically diversified portfolio of approximately 280 self-storage properties, located in over 20 states, comprising approximately 15.8 million rentable square feet, configured in over 123,000 storage units. It has approximately six participating regional operators (PROs), including SecurCare Self Storage, Inc.; Kevin Howard Real Estate Inc.; Optivest Properties LLC; Guardian Storage Centers LLC; Move It Self Storage, and Arizona Mini Storage Management Company.
