PS Business Parks, Inc. PSB announced the completion of the buyout of Port America in Dallas, TX for $123 million. The move comes in line with management’s “small bay industrial investment strategy”.This 717,735-square-foot multi-tenant industrial park comprises of 15 buildings with an average customer size of 8,000 square feet. It is advantageously located next to DFW International Airport on fee simple land and is complementary to the company’s present industrial and flex portfolio in Dallas that aggregates 3 million square feet.The property offers institutional-quality industrial space to small- and medium-sized users who are looking for a high-quality location, 26 foot clear heights, ample dock loading, as well as access to major freeways catering to DFW Airport and the Dallas Metroplex. All these factors are likely to have played key roles in luring tenants and the property enjoyed 96% occupancy at closing.Therefore, partly funded by $72 million of 1,031 exchange proceeds reaped from the prior-announced dispositions of Park East and Monroe business parks in Northern Virginia and cash on hand, this buyout seems a strategic one for PS Business Parks that focuses on small- and medium-sized tenants.The Port America acquisition is anticipated to help the company emerge stronger amid improving industrial market fundamentals in the United States, while the sale of non-strategic properties will likely result in a better portfolio mix in the days ahead. In fact, capital-recycling efforts, decent balance-sheet strength and sufficient liquidity position will help the company firmly withstand any cash-flow woes and seize growth opportunities in the upcoming period. However, rising supply in several markets is likely to intensify competition.Over the past month, shares of this Zacks Rank #3 (Hold) company have gained 3.7%, outperforming the industry’s growth of 2.2%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Image Source: Zacks Investment ResearchOther Stocks to ConsiderThe Zacks Consensus Estimate for Public Storage’s PSA current-year funds from operations (FFO) per share has moved up 4% to $12.34 in the past month. The company currently carries a Zacks Rank of 2 (Buy).The Zacks Consensus Estimate for OUTFRONT Media Inc.’s OUT 2021 FFO per share has moved 3.4% north to 90 cents over the past month. The company carries a Zacks Rank of 2, currently.Extra Space Storage Inc. EXR carries a Zacks Rank of 2, at present. The Zacks Consensus Estimate for the ongoing year’s FFO per share of the company has been revised 3.6% upward to $6.57 over the past month.Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Public Storage (PSA): Free Stock Analysis Report PS Business Parks, Inc. (PSB): Free Stock Analysis Report Extra Space Storage Inc (EXR): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research