National Storage Affiliates Trust (NSA) is a real estate investment trust (REIT) based in Greenwood Village, Colorado. The company specializes in owning, operating, and acquiring self-storage properties across the United States, primarily in the top 100 metropolitan statistical areas (MSAs). NSA's business model focuses on partnering with best-in-class regional operators, known as Participating Regional Operators (PROs), to manage and grow its portfolio of self-storage facilities.

NSA serves a diverse range of clients, including individuals, families, and businesses that require storage solutions for personal belongings, inventory, or equipment. The company operates in the self-storage market, which has shown strong fundamentals and consistent demand, particularly in densely populated urban areas.

The company's growth strategy is multi-faceted, involving the addition of new PROs, acquisitions from a captive pipeline, third-party acquisitions, and strategic joint ventures. This approach allows NSA to expand its footprint and enhance its market presence effectively. By integrating regional operators with deep local market knowledge, NSA aims to outperform its competitors over the long term.

NSA generates revenue primarily through rental income from its self-storage properties. Customers pay monthly fees to rent storage units of various sizes, providing a steady and predictable income stream. Additionally, NSA may offer ancillary services such as insurance and packing supplies, which contribute to its revenue.

In summary, National Storage Affiliates Trust is a leading player in the self-storage industry, leveraging a unique partnership model with regional operators to drive growth and deliver value to its shareholders.

Keywords: self-storage, real estate investment trust, NSA, rental income, acquisitions, regional operators, growth strategy, urban markets, customer service, partnerships.