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Extra Space acquires self-storage properties

Deseret News (Salt Lake City), Mar 10, 2005

Salt Lake-based Extra Space Storage Inc. said Wednesday it has acquired six self-storage properties.

The move brings the company total to 147 properties.

The transaction involved about $51 million in cash. The properties are located in Florida, Georgia and New Jersey. They have a total of about 4,000 units and 476,000 square feet of rentable space.

Since its initial public offering last August, Extra Space has acquired 11 properties, with a total value of about $83 million, not counting properties acquired as part of the IPO formation transactions.

Copyright C 2005 Deseret News Publishing Co.
Provided by ProQuest Information and Learning Company. All rights Reserved.
 

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