Blackstone makes $1.2B deal with Brookfield for self-storage company

Blackstone Group is buying Simply Self Storage from Brookfield Asset Management for about $1.2 billion, Bloomberg reported. Brookfield bought the storage company in 2016 and has more than doubled its footprint; it now has more than 8 million square feet of space across the U.S. It started seeking buyers for the company earlier this year. With this deal, Blackstone, which owns $300 million worth of self-storage facilities, would become the country’s third-largest owner of storage

source https://therealdeal.com/2020/10/26/blackstone-makes-1-2b-deal-with-brookfield-for-self-storage-company/