Public Storage (NYSE: PSA) is already the largest real estate investment trust (REIT) focused on self-storage properties. However, it wants to supersize that portfolio by acquiring rival self-storage REIT Life Storage (NYSE: LSI). While Life Storage has repeatedly rebuffed its overtures, that's not stopping Public Storage from pressing for a deal. It recently made its offer public to pressure Life Storage to negotiate.

Here's a closer look at the proposed merger and what it means for investors.

While the U.S. self-storage sector is very fragmented, Public Storage is by far the biggest player in the space.

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Source Fool.com