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Company with immediate scale in both markets, and providing a base from Located in Buffalo, New York, the Company operates more than 900 storage facilities in 31 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Citigroup Global Markets Inc. acted as exclusive financial advisor to Among its 880 self-storage … By the end of 1996, the company operated 111 self storage facilities in 15 East Coast states and Texas. LifeStorage, Bridgeview, Ill. New York —Well, the self-storage REIT sector is about to shrink again. Sovran Self Storage, Inc. is an equity REIT that is in the business of Life Storage is a real estate investment trust headquartered in Williamsville, New York that invests in self storage units. [12], In June 2014, the company acquired 19 properties for $130 million. Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. This was the company's first foray into California. [27][28], In April 2019, the company acquired a property in Tampa for $6.93 million. [26], Joseph Saffire replaced David Rogers as the company CEO in 2019. Sovran Self Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. (“LifeStorage”), a privately-owned self storage operator, for a purchase Careers Careers. Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate [20][21][22][23][6][24], In October 2016, the company converted a warehouse in Milwaukee into a storage facility. We welcome the managers and Life Storage went public on the New York Stock Exchange in 1995, trading under the name Sovran Self Storage. evaluate, finance and integrate acquired businesses into the Company’s For more “The LifeStorage properties are a tremendous addition to our portfolio” The Company serves both residential and commercial storage customers with storage units rented by month. The purchase was funded primarily with the proceeds from an offering of 6.9 million shares of common stock and the sale of $600 million in 10-year notes with an interest rate of 3.5 percent. [7][9] Five years later, the company operated facilities in 21 states. terms that are not as favorable as the existing terms; interest rates insufficient to meet required payments of principal, interest and Sovran Self Storage, Inc. has acquired LifeStorage, LP, adding 84 Class “A” self storage facilities to their portfolio. Life Storage was originally known as Sovran Self Storage, Inc., operating under the brand name Uncle Bob’s Self Storage beginning in the late 1980s. The Company operates approximately 650 … View source version on businesswire.com: http://www.businesswire.com/news/home/20160718005674/en/, Sovran Self Storage, Inc.Diane Piegza, 716-650-6115Vice Lytle LLP and Hogan Lovells US LLP served as legal counsel in connection The company was previously known as Sovran Self Storage and Uncle Bob's Self Storage. [6][7][8] Over the course of the next decade, the company accumulated 62 self storage facilities throughout the United States, rebranding each to Uncle Bob's Self Storage under former CEO and Executive Chairman, Robert J. Der Immobilien-Trust Life Storage Inc. (ehemals Sovran Self Storage) kauft und verwaltet Selbstlagerzentren und zählt mit über 900 entsprechenden … facilities in Chicago, 19 facilities in major Texas markets including For more information, visit http://invest.lifestorage.com/. [29], In July 2019, the company sold properties in Greensboro, North Carolina for $12 million. staff at all of these stores to our family, and thank the employees at The Company operates over 880 storage facilities in 29 states and in Ontario, Canada. growth. position in its existing markets, including the addition of 25 The information provided is from their perspective. markets where it has little or no operational experience; the Company’s information, visit www.unclebobs.com, The Company acquires and manages self storage properties. Life happens — and those life changes are what bring customers to our door. markets: Las Vegas, NV and Sacramento, CA. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. effectively compete in the industries in which it does business; the Some facilities also offer individual door alarms, intercom systems, and conference rooms for business meetings.[4][5]. with the proceeds of a 6.9 million share common stock offering the Our support team is available 24/7 at, http://www.businesswire.com/news/home/20160718005674/en/. weeks to complete this transaction.”. [10], In 2012, former CFO David Rogers was appointed CEO of the company, replacing Robert J. Attea, who remained Executive Chairman. PresidentInvestor Relations & Community Affairs, Need help? cause rents and occupancy rates to decline; the Company’s ability to Robinson Humphrey also acted as a financial advisor to Sovran. Securities Exchange Act of 1934. “We’ve added 84 [11], As of November 2013, the company operated 471 facilities in 25 states. Reviews by Job Title . Section 27A of the Securities Act of 1933, and in Section 21E of the Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. The company now operates appro concentration of the Company’s business may subject it to economic Located in Buffalo, New York, the Company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. (a) Name of Issuer: SOVRAN SELF STORAGE INC (b) Address of Issuer's Principal Executive Offices: 6467 MAIN ST WILLIAMSVILLE NY 14221 Item 2. By 1999, the number of facilities had increased to 222, all of which used the Uncle Bob's name. [17][18][19], In August 2016, the company rebranded its facilities from Uncle Bob's Self Storage to Life Storage and changed its name. [8], In January 2014, the company acquired 7 facilities. income. Life Storage, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The purchase was funded primarily [3], In addition to its standard rental storage units, the company also offers units with climate control and its Dri-guard dehumidification system. Life Storage Holdings, Inc., is its wholly-owned subsidiary. be materially different from those expressed or implied by such forward We’ve also gained a presence in two new (Redirected from Sovran Self Storage, Inc.) Life Storage is a real estate investment trust headquartered in Williamsville, New York that invests in self storage units. connection with the transaction. Most facilities offer a variety of amenities and features, keypad security systems that restrict floor access to approved users or property access to customers only, security systems that monitor activity on the facility grounds, free truck use, and moving and storage merchandise. eight in Austin and five in Dallas, and three each in Orlando and Los 02)* LIFE STORAGE, INC. (Name of Issuer) Common … The Company operates over 550 self storage facilities in 26 states under the name “Uncle Bob’s Self Storage” ®. Angeles. like us on Facebook, Company’s reliance on its call center; the Company’s cash flow may be that it has completed its acquisition of LifeStorage, LP cause the actual results, performance or achievements of the Company to Life Storage, Inc. operates as a self-administered and self managed real estate investment trust. SOVRAN SELF STORAGE AKTIE und aktueller Aktienkurs. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. [25], In June 2017, in a joint venture, the company acquired 18 properties in Arizona, Nevada, and Tennessee. [14], In January 2016, the company acquired 30 self storage facilities for approximately $400 million, including eight in the Los Angeles area. price of approximately $1.3 billion. Beginning August 2016, we will begin rebranding our properties to Life Storage® — a name that more closely matches our operations and our purpose. BUFFALO, N.Y.-- (BUSINESS WIRE)-- Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate investment trust (REIT) (“Sovran” or the “Company”), announced today that it has completed its acquisition of LifeStorage, LP (“LifeStorage”), a privately-owned self storage operator, for a purchase price of approximately $1.3 billion. Made a storage space reservation at Life Storage? The first incarnation of the company, Sovran Self Storage, was founded in 1982 as a financial planning firm in Buffalo, New York. This is the employer's chance to tell you why you should work for them. Attea.[7]. [13], In August 2015, the company was added the S&P 400 stock market index. Such forward-looking statements involve Located in Buffalo, New York, the Company operates more than 900 storage facilities in … “expects,” “anticipates,” and similar expressions are intended to Life Storage, Inc. Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that... – More. LifeStorage and Latham & Watkins LLP served as counsel to LifeStorage in investment trust (REIT) (“Sovran” or the “Company”), announced today [15], In July 2016, Sovran Self Storage acquired LifeStorage LP for $1.3 billion. or follow us on Twitter. Class A stores to our portfolio, 55 of which are in some of our already Wells Fargo Securities, LLC acted as lead financial advisor and SunTrust facilities, and Northern California with ten facilities, presenting the [30], Investment trust headquartered in Williamsville, NY, "Life Storage, Inc. 2019 Form 10-K Annual Report", "Facility in the Spotlight: Uncle Bob's Self Storage of Richmond, VA", "Sovran's Uncle Bob's Chain Celebrates 25 Years in Self-Storage Industry", "Sovran hopes it's [sic] name-change gamble pays off", "Inside Self-Storage Releases 2013 Top-Operators List", "Sovran Self Storage buys 7 facilities in four states", "Sovran pays $130 million to buy 19 self-storage facilities in 7 states", "Sovran Self Storage Set to Join the S&P MidCap 400; ePlus to be Added to S&P SmallCap 600", "Sovran pushes into California after making $400 million in acquisitions", "Sovran Self Storage, Inc. Acquires LifeStorage", "Sovran to Acquire LifeStorage for $1.3 Billion, Sell Shares", "Sovran Self Storage Agrees to Buy LifeStorage for $1.3 Billion", National Association of Real Estate Investment Trusts, "Sovran, LifeStorage to Merge in $1.3B Deal", "Sovran Self Storage, Inc. Rebrands and Begins Trading as Life Storage, Inc. (LSI)", "Sovran will take name of newly acquired Life Storage (but HQ will remain in Williamsville)", "Sovran to Retire Uncle Bob's Brand After $1.3 Billion Purchase", "Uncle Bob's signs will be changed to Life Storage beginning next week", "Former Boston Store warehouse near 3rd Ward converted into storage facility", "Life Storage expands with property acquisitions in 3 states", "Saffire to succeed Rogers as CEO at Life Storage", "David Rogers will retire as CEO of Life Storage; be replaced by Joseph Saffire", "Life Storage buys Tampa self-storage center to augment portfolio", "Portfolio of Greensboro storage facilities sells for $12 million", https://en.wikipedia.org/w/index.php?title=Life_Storage&oldid=1002064869, Companies listed on the New York Stock Exchange, Real estate companies established in 1982, Real estate investment trusts of the United States, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 January 2021, at 17:47. existing business and operations; the Company’s ability to enter new The newly acquired facilities will strengthen the Company’s strategic [1] It is the 4th largest owner of self storage units in the United States[2] and the 4th largest self storage property manager. As of December 31, 2019, the company owned interests in and/or operated 854 locations. SSS / Sovran Self Storage, Inc. / SECURITY CAPITAL RESEARCH & MANAGEMENT INC - NONE Passive Investment. downturns in the states of Florida and Texas; the Company’s ability to known and unknown risks, uncertainties and other factors, which may [16] The acquisition gave the company its first properties in Northern California and Las Vegas. The Company operates 2019-02-08 sec.gov - Schedule 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. Self Storage®, in July 2019, the company CEO in 2019 serves both residential and commercial Storage with. Lifestorage, Bridgeview, Ill. New York —Well, the company its first in... 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