National Storage Affiliates Trust (NSA) IPO Opens Flat

Today's IPO for National Storage Affiliates Trust (NYSE: NSA) opened for trading at $13 after pricing 20,000,000 shares at $13, below the expected $15-$17 range.

Jefferies, Morgan Stanley, and Wells Fargo Securities will act as joint book-running managers, KeyBanc Capital Markets will act as lead manager and Baird, RBC Capital Markets, SunTrust Robinson Humphrey and Capital One Securities will act as co-managers for the offering.

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation, and acquisition of self-storage properties located within the top 100 metropolitan statistical areas throughout the United States.

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