National Storage Affiliates Trust (NSA) has announced a new joint venture with an affiliate of Investment Real Estate Management, LLC $(IRE)$, which manages self storage properties under the "Moove In" brand. The joint venture is expected to have a total buying power of around $350 million, combining partner equity and debt, and will focus on value-add self storage investments in growth markets. NSA will provide up to $105 million in preferred equity, with a 10% preferred annual return and potential for additional returns as investments are exited in the future. Properties acquired through this partnership will be managed by IRE under the Moove In brand.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. National Storage Affiliates Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20251102524518) on November 03, 2025, and is solely responsible for the information contained therein.