--- title: Public Storage Acquires $1.5B Portfolio | DXD In The News description: Public Storage has acquired All Storage’s portfolio for $1.5 billion. Article originally appeared in Globest --- 1 min read # Public Storage Acquires $1.5B Portfolio [![Picture of DXD Capital](https://dxd.capital/hubfs/Website%20Build%202023/Our%20Talent%20-%20Headshots/DXD_dark_hex_2021.png) DXD Capital ](https://dxd.capital/library-in-the-news/author/dxd) Nov 4, 2021 3:54:00 PM ###### This article appeared in [GlobeST](https://www.globest.com/2021/11/03/public-storage-acquires-1-5b-portfolio/) on November 3rd. Public Storage has acquired All Storage’s portfolio for $1.5 billion. The portfolio comprises 56 self-storage properties (or 7.5 million net rentable square feet) with 52 located in the growing Dallas-Fort Worth market and the rest in Oklahoma City and Killeen, Texas.   **The Pandemic’s Disruption** Drew Dolan, Principal and Fund Manager, [DXD Capital](https://www.dxd.capital/), tells GlobeSt, “Self storage has been the best performing asset class through the past three recessions. The diverse demand drivers and secular growth in the industry have further benefited from disruption caused by the pandemic." “We ended 2020 with record high occupancies and pricing across the United States. The interest in the asset class from institutional capital has also increased significantly in the last year.” New investors to the sector, including Bill Gates’ Cascade Investment Group, Blackstone, GIC and other large capital players, are driving additional interest in the space, Dolan said. DXD Capital’s $50 million ground up development fund was formed to capitalize on data driven analytics “that allows unprecedented efficiency in evaluating investment opportunities,” Dolan said. “With the upward trend in rates and occupancies across the asset class, the next bull cycle in self storage has arrived.” Chris Loeffler, CEO and co-Founder of [CaliberCos Inc.](https://www.caliberco.com/), tells GlobeSt, “This transaction offers a prime example of the consolidation trend occurring in storage assets and globally in all real estate asset classes. Investors seeking consistent, stable income in their retirement portfolios are the force behind this trend, as asset managers seek to maximize their operating results.”   **Opportunities for Growth ** All Storage’s 75% average portfolio occupancy during Q3 2021 provides significant growth opportunities for Public Storage’s operating platform. The REIT has been actively expanding its portfolio through acquisitions and development. Since the start of 2019, Public Storage has grown its portfolio by approximately 36 million net rentable square feet, or 22%, through $6.3 billion of acquisitions, development, and redevelopment, including properties under contract. “The acquisition is a direct reflection of how the team at Public Storage is committed to driving growth through our four-factor platform, which includes acquisitions, development, redevelopment, and third-party management,” Joe Russell, Public Storage Chief Executive Officer, said in a prepared statement. “We continue to see a wide range of opportunities to acquire and develop properties in desirable markets as part of Public Storage’s broader growth initiatives.” --- Article by Paul Bergeron of [Globest.com](https://www.globest.com/) - [Tweet](https://twitter.com/share) #### [CubeSmart to Acquire Self-Storage Portfolio for $1.69B](https://dxd.capital/library-in-the-news/cubesmart-to-acquire-self-storage-portfolio-for-1-69b) ![Picture of DXD Capital](https://dxd.capital/hs-fs/hubfs/Website%20Build%202023/Our%20Talent%20-%20Headshots/DXD_dark_hex_2021.png?width=30&name=DXD_dark_hex_2021.png) [DXD Capital](https://dxd.capital/library-in-the-news/author/dxd) : Nov 24, 2021 3:57:00 PM This article appeared in GlobeST on November 17th. It’s another sign that more institutions are beginning to chase yield in self storage. [Read More](https://dxd.capital/library-in-the-news/cubesmart-to-acquire-self-storage-portfolio-for-1-69b) #### [Self Storage Is the Pandemic’s Hot Property](https://dxd.capital/library-in-the-news/self-storage-is-the-pandemics-hot-property) ![Picture of DXD Capital](https://dxd.capital/hs-fs/hubfs/Website%20Build%202023/Our%20Talent%20-%20Headshots/DXD_dark_hex_2021.png?width=30&name=DXD_dark_hex_2021.png) [DXD Capital](https://dxd.capital/library-in-the-news/author/dxd) : Dec 23, 2021 3:56:00 PM This article Originally appeared in WallStreetJournal on December 22rd. Americans are paying more than ever to stash their extra stuff and filling... [Read More](https://dxd.capital/library-in-the-news/self-storage-is-the-pandemics-hot-property) 2 min read #### [Self-Storage Bounces Back Ahead of Others as Covid-19 Eases](https://dxd.capital/library-in-the-news/self-storage-bounces-back-ahead-of-others-as-covid-19-eases) ![Picture of DXD Capital](https://dxd.capital/hs-fs/hubfs/Website%20Build%202023/Our%20Talent%20-%20Headshots/DXD_dark_hex_2021.png?width=30&name=DXD_dark_hex_2021.png) [DXD Capital](https://dxd.capital/library-in-the-news/author/dxd) : May 19, 2022 4:03:00 PM Article Written by Esther Fung, of the Wall Street Journal Appeared in the July 7, 2021, print edition as 'Self-Storage Stages A Strong Rebound... [Read More](https://dxd.capital/library-in-the-news/self-storage-bounces-back-ahead-of-others-as-covid-19-eases) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "DXD Capital", "url" : "https://dxd.capital/library-in-the-news/author/dxd" }, "dateModified" : "2023-07-06T21:54:41.338Z", "datePublished" : "2021-11-04T21:54:00.000Z", "headline" : "Public Storage Acquires $1.5B Portfolio | DXD In The News", "mainEntityOfPage" : { "@id" : "https://dxd.capital/library-in-the-news/public-storage-acquires-1-5b-portfolio", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://dxd.capital/hubfs/DXD_white-logo.png" }, "name" : "DXD Capital" } } ```