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EXR / Extra Space Storage Buying Life Storage Will Change US Self-Storage Industry

Extra Space Storage Buying Life Storage Will Change US Self-Storage Industry
Extra Space Storage is acquiring Life Storage in an all-stock deal valued at approximately $47 billion, which is expected to close in the second half of 2023. The acquisition will create the largest self-storage REIT in the US, with over 3,500 locations serving more than 2 million customers, and is expected to be transformative for the industry. The deal is seen as a win-win for both companies, with potential benefits including improved cost structure, increased occupancy rates, and enhanced pricing power. Read More
Posted: Jul 3 2023, 12:31
Author Name: Seeking Alpha
Views: 102086

EXR News  

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