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The Big Self-Storage Reit Merger Between Extra Space And Life Storage

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Extra Space Storage CEO Joe Margolis. Photo courtesy Extra Space Storage. Back in 1998, Joe Margolis’ job at Prudential Real Estate Investors was to find companies worthy of Extra Space Storage takes second place in market cap in the self-storage REIT sector, with a strong acquisition strategy that has driven About Life Storage, Inc. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in

Modern Storage Media on LinkedIn: When Extra Space and Life Storage ...

Extra Space Storage Inc. said Monday it has agreed to a merger deal with smaller rival real-estate investment trust Life Storage Inc. in an all-stock deal valued at $12.7 billion. Extra Space Storage Inc. entered into a definitive merger agreement to acquire Life Storage, Inc. from State Street Corporation, BlackRock, Inc., The Vanguard Group, Inc., The program is simple. Once a self-storage property owner joins the Management Plus program, their facilities adopt Extra Space’s branding, gain access to Extra

The Big Self-Storage REIT Merger: Operator Response to the Union Between Extra Space and Life Storage insideselfstorage.com 9 1 Comment Trent Stuart Extra Space stockholders and Life Storage stockholders have voted, separately, to approve the proposed merger.

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SALT LAKE CITY and BUFFALO, N.Y., July 18, 2023/ PRNewswire/– Extra Space Storage Inc. and Life Storage, Inc. today announced that Extra Space stockholders and Life Extra Space Storage Inc. is a REIT specializing in self-storage operations, including owning, managing, acquiring, and developing self-storage properties. The company Get the latest Extra Space Storage Inc (EXR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

Self-storage REITs own and manage storage facilities and collect rent from customers. Self-storage REITs rent space to both individuals and businesses. Extra Space Storage, Life Storage Agree to Merger Industry leaders Extra Space Storage Inc. and Life Storage Inc. have reached an agreement to merge, creating the largest self storage REIT In connection with the completion of the merger, the Extra Space board has expanded from 10 to 13 directors with the addition of three new directors designated by Life

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Salt Lake City—Extra Space Storage (NYSE: EXR) has finalized a merger and acquisition of Life Storage, a New York based self-storage company. This deal makes Extra

The merger with Extra Space was clearly seen as more advantageous by Life Storage. For every share their shareholders own, During the first quarter of 2024, the self-storage REIT sector saw nuanced shifts in rental rates across various companies. Extra Space Storage implemented strategic measures to bolster

Exciting times at Extra Space Storage. Check out this insightful interview with our CEO, where he shares his thoughts on the big merger with Life Storage and reveals what’s next for our The shareholders of both Extra Space Storage (EXR) and Life Storage (LSI) approved the proposed merger of the two self-storage REITs, the companies said

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed real estate investment trust, Explore the latest trends in self-storage REITs, including rental rate adjustments, occupancy strategies, rising expenses, and investment activity. Our Extra Space CEO, Joe Margolis, discussed the exciting merger with Life Storage this morning on CNBC. He shared insights on the deal and how self storage is uniquely successful in the

Storage REITs: Victims Of Own Success | Seeking Alpha

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2025, the Company owned Extra Space Storage Inc. (NYSE: EXR) (the „Company“), a leading owner and operator of self-storage facilities in the United States and a constituent of the SP 500, Extra Space Storage on Thursday completed the largest business acquisition ever by a Utah company, merging with its rival, New York-based Life Storage, in an $12-billion

The announcement comes four days after rival industry REIT Extra Space Storage Inc. closed its acquisition of Life Storage Inc. for $12.7 billion. The combined entity is About Life Storage Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities.

Check out my blog to see what Joe Margolis says about the big merger, which was approved this week by the shareholders of both companies. What do you think about the deal? The company began operations in the self-storage sector in 1982, offering a range of self-storage facilities under two previously known brand names; Sovran Self Storage and

Extra Space Storage is acquiring Life Storage in an all-stock deal valued at approximately $47 billion, which is expected to close in 2H of 2023. Read We’re proud to officially welcome Life Storage to Extra Space Storage and celebrate the seamless integration of 1,165 locations in just 19 days—a record-breaking Neither Life Storage nor Extra Space undertakes any duty to update any forward-looking statements appearing in this communication except as may be required by law.

This deal will make Extra Space Storage the largest self-storage operator by facility count and will increase its portfolio of self-storage properties by more than 50%. Major Achievement! Extra Space Storage is now the largest self storage operator in the country, thanks to our successful merger with Life Storage. This will

Creates the largest storage operator and one of the largest REITs in the MSCI U.S. REIT Index SALT LAKE CITY, July 20, 2023 /PRNewswire/ — Extra Space Storage Inc. About Life Storage, Inc. [Acquired] Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages Extra Space Storage Inc., a leading self-storage real estate investment trust (REIT), has released its Form 10-Q report for the quarter ended September 30, 2024. The