Extra Space Storage Inc., a Salt Lake City real estate investment company, said during the fourth quarter of last year it spent approximately $190 million to buy 28 self-storage properties. The properties were located in California, Florida, Illinois, Massachusetts, New Jersey, New York and Rhode Island. Spencer F. Kirk, chairman and CEO, said the acquisitions demonstrate the company continues to be a disciplined buyer of assets. For the full year ended Dec. 31, 2011, the company acquired a total of 55 properties located in 17 states for approximately $289.6 million, he said. Kirk added of the 28 properties purchased during the fourth quarter that 19 properties were from the previously announced acquisition of a portfolio located in California. An additional portfolio of six properties was purchased from a joint venture in which the company held a 10 percent equity interest. Extra Space Storage’s shares are listed on the New York Stock Exchange under the symbol EXR. (via the Salt Lake Tribune)]]>
Extra Space Storage buys 28 properties for $190 million
More Content
Popular Posts
Joe Shoen is taking a stand. In our...
The self storage industry is in a precarious...
Joe Shoen has had enough.
Self-storage software is no longer...
In a record-breaking deal finalized May 12,...
Joe Shoen, CEO of U-Haul, has had enough.
Brace for impact: starting today, the tax on...
Self-storage operators wear a lot of hats....
It’s said that necessity is the mother of...
Donald Trump has just reclaimed the White...
Recent Posts
Some recent lower court decisions have been...
The digital landscape is undergoing its...
For most self-storage owners and operators,...
Keeping our customers’ personal belongings...
Comfort, connection, and family-friendly...
Let’s start at the very beginning; a very...
