Self-storage REIT completes $73 million in deals

As part of its $630 million acquisition of iStorage PO LLC, a Winter Haven-based self-storage operator and investor, National Storage Affiliates Trust, has valued six of the company's Gulf Coast properties at nearly $73 million.

The properties, in Collier, Hillsborough, Lee, Manatee and Pinellas counties, comprise a fraction of the 66 properties in 12 states the Greenwood Village, Colo.-based real estate investment trust is buying from iStorage.

“They're extremely intelligent and methodical, and they're operating side is amazing,” says Tom Doyle, a director with commercial real estate brokerage firm HFF, in Tampa, of iStorage.

Officials from National Storage, whose portfolio now totals 415 properties overall, did not return telephone calls for comment on the acquisitions.