National Storage Affiliates Announces Management Promotion

Rhea-AI Summary

National Storage Affiliates Trust (NSA) announced the promotion of David Cramer to President and Chief Operating Officer, effective July 1, 2022. This decision highlights Cramer's growing responsibilities and contributions to the company. CEO Tamara Fischer expressed confidence that Cramer’s leadership will enhance operational execution and facilitate growth through acquisitions. NSA, a prominent real estate investment trust, operates over 1,061 self-storage facilities across the U.S. and Puerto Rico, encompassing approximately 68.4 million rentable square feet.

Positive

• Promotion of David Cramer to President and COO aimed at enhancing leadership and operational execution.
• Cramer's industry experience expected to drive growth through acquisitions.

Negative

• None.

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA) today announced the promotion, effective July 1, 2022, of David Cramer from his role as Executive Vice President and Chief Operating Officer to President and Chief Operating Officer.

Tamara Fischer, Chief Executive Officer, commented, “We are extremely pleased to announce Dave’s promotion to President of NSA. This promotion acknowledges his current and growing responsibilities and ongoing contributions to our Company’s success. We believe the Company will benefit from Dave’s elevated leadership role as well as his focus on operational execution and growth through acquisitions given his invaluable industry experience and proven track record of results.”

About National Storage Affiliates Trust

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of March 31, 2022, the Company held ownership interests in and operated 1,061 self storage properties located in 42 states and Puerto Rico with approximately 68.4 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States. For more information, please visit the Company’s website at www.nationalstorageaffiliates.com. NSA is included in the MSCI US REIT Index (RMS/RMZ), the Russell 2000 Index of Companies and the S&P MidCap 400 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005798/en/

National Storage Affiliates Trust

Investor/Media Relations

George Hoglund, CFA

Vice President - Investor Relations

720.630.2160

ghoglund@nsareit.net

Source: National Storage Affiliates Trust

FAQ

What is the recent promotion within National Storage Affiliates Trust?

David Cramer has been promoted to President and Chief Operating Officer, effective July 1, 2022.

Why was David Cramer promoted at National Storage Affiliates Trust?

His promotion acknowledges his significant contributions and aims to leverage his experience for operational execution and growth.

What is the core business of National Storage Affiliates Trust?

NSA focuses on owning, operating, and acquiring self-storage properties in the top 100 metropolitan areas in the U.S. and Puerto Rico.

How many self-storage properties does NSA operate?

As of March 31, 2022, NSA operates 1,061 self-storage properties.

What is the total rentable square footage of NSA's properties?

National Storage Affiliates Trust manages approximately 68.4 million rentable square feet.