Public Storage, the Glendale-based developer and operator of self-storage properties, has closed the first phase of its acquisition of the Beyond Self Storage portfolio for $528 million.

In total, this portfolio is comprised of 36 properties totaling 3.6 million net rentable square feet.

The first phase of the purchase includes 24 existing properties (2.3 million net rentable square feet) that has been built since 2016, with an average occupancy of approximately 35 percent, according to a Public Storage statement.

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