Allen Matkins Advises Public Storage Canada in Sale to Public Storage

Allen Matkins represented Public Storage Canada, the third largest self-storage platform in Canada, in the $1.5 billion sale of its corporate and real estate interests to Public Storage, a REIT and the largest owner of storage facilities in the United States.

The transaction involved an analysis of cash consideration, the receipt of OP units, a complex earnout formula, and required extensive corporate, securities, tax, and regulatory advice throughout.

The Allen Matkins team consisted of Matthew Ertman, Tony Natsis, Peter Roth, Jared Kassan, Jordan Klein, Bryce Ellis, Kathryn Garcin, Anna Heitman, and Jacqueline Moran.