A $10.5 billion deal would create a self-storage giant in the U.S. - AP News

Two major self-storage companies are merging in a $10.5 billion deal that would create the largest player in the U.S. self-storage industry. The transaction combines two of the sector's leading operators, consolidating significant market share in a fragmented industry that has seen steady growth driven by consumer demand for climate-controlled storage space. The merged entity would control thousands of facilities across the country, giving it substantial scale advantages in operations, pricing power, and capital deployment. The deal is likely subject to regulatory review to ensure it doesn't substantially reduce competition in local storage markets. The self-storage sector has proven resilient as a real estate investment, with rising rents and residential mobility fueling demand.