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Nexpoint Storage Partners Acquires Safstor To Expand Self-Storage Portfolio

Dec 12, 2022•about 3 years ago

Acquiring Company

NexPoint Storage Partners

Acquired Company

SAFStor

Real EstateReal Estate InvestmentCommercial Real EstateReal Estate

Description

NexPoint Storage Partners, Inc. ("NexPoint Storage"), a self-storage platform affiliated with NexPoint Advisors, today announced that it became the sole owner of 29 new, well-located, and high-quality self-storage properties developed by SAFStor. The acquisition brings NexPoint Storage to a total asset value of approximately $1.7 billion with 71 wholly owned and operating properties and one additional property expected to open in February 2023.

Company Information

Company

NexPoint Storage Partners

About

NexPoint Storage is a real estate investment platform that specializes in the self-storage sector. A product of NexPoint's 2020 acquisition of Jernigan Capital, NexPoint Storage invests in newly built, multi-story, climate controlled, Class-A self-storage facilities—known as "Generation V" facilities—located in dense and growing markets throughout the us United States. NexPoint Storage acquires and selectively develops GenV self-storage facilities. The platform leverages resources and expertise across NexPoint, especially in the areas of real estate financing, product strategy, and distribution. For more information visit www.nexpointstorage.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed