News by sections

News by region
Issue archives
Archive section
Emerging talent
Emerging talent profiles
Domicile guidebook
Guidebook online
Search site
Features
Interviews
Domicile profiles
Generic business image for news article Image: Shutterstock

07 October 2016
Colorado
Reporter Becky Butcher

Share this article





National Storage acquires iStorage captive

National Storage Affiliates (NSA) Trust has completed the acquisition of the iStorage portfolio, including its captive insurance company, in a joint venture with a state pension fund.

The transaction also included the purchase of a property management company and the iStorage brand, for a total of approximately $630 million.

In light of the transaction, Steven Treadwell, senior vice president of operations for NSA, has been appointed as president of NSA’s iStorage management division, the National Storage Affiliates Trust Management Company.

In his new role, Treadwell will lead a team of approximately 150 associates and assist with the integration of iStorage operations with NSA's practices.

Arlen Nordhagen, CEO of NSA, commented: “The iStorage acquisition is an ideal fit with NSA’s business structure, and the strategic decision to acquire the iStorage management platform strengthens our industry footprint as we continue to expand our market presence.”

“The appointment of Steve Treadwell as president of the iStorage management division is a clear-cut fit for NSA.”

Subscribe advert
Get in touch
News
More sections
Black Knight Media