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Extra Space acquires self-storage properties
0 Comments | 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.
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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.
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