Category: New Deal

Public Storage Accelerates Growth with Simply Self Storage Acquisition

The acquisition is currently expected to close in the third quarter of 2023, subject to the satisfaction of customary closing conditions. A detailed presentation is available in the Investor Relations section of Public Storage’s website.” Public Storage (NYSE:PSA) (the “Company”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today an agreement for Public Storage to acquire Simply Self Storage (“Simply”) from BREIT for $2.2 billion. The portfolio comprises 127 wholly-owned properties and 9 million net rentable square feet that are geographically diversified across 18 states and located in markets…

Coastal Boatworks & Storage in Newcastle Under New Ownership

Business has been good. We have a great relationship with the previous owners, Bucky and Pauline Holloway, and many of their customers have continued doing business with us.” – Linda Flagg, Manager Last July, Coastal Boatworks & Storage in Newcastle was sold to Mid-Coast Properties. Jim and Liz Duffy of Boothbay Harbor own Mid-Coast Properties which includes Boothbay Self-Storage, Wiscasset Self-Storage and Sabattus Street Self-Storage in Lewiston. Manager Linda Flagg is in charge of all four properties. She said nothing has changed about Coastal Boatworks and Storage, which at 1155…

Titan Self Storage in Centralia Starts New Partnership With U-Haul

U-Haul recently announced it has entered into a new partnership with Titan Self Storage in Centralia, which will allow the storage business to offer U-Haul trucks, trailers, towing equipment and other rental equipment, according to a news release. U-Haul rentals for customers are available now. Titan Self Storage is located at 307 Reynolds Ave. in Centralia. Since 1945, U-Haul has been teaming up with independent dealers and businesses to offer rental moving equipment. “During these challenging times for small businesses, more than 21,000 dealers across the U.S. and Canada are…

Extra Space Storage & Life Storage Combine to Form the Pre-eminent Storage Operator

The transaction brings together two industry-leading platforms, and the combined company is expected to have a pro forma equity market capitalization of approximately $36 billion and a total enterprise value of approximately $47 billion.” Extra Space Storage Inc. (NYSE: EXR) (“Extra Space”) and Life Storage, Inc. (NYSE: LSI) (“Life Storage”) announced today that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage in an all-stock transaction. The transaction brings together two industry-leading platforms, and the combined company is expected to have…

StorageVault to Acquire Three Locations for $21.8 Million

Storagevault Canada Inc. (“StorageVault”) (SVI-TSX) has agreed to acquire three locations from three vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $21,825,000, subject to customary adjustments (the “Acquisitions”). Two of the Acquisitions are arm’s length and one for $13,000,000 is a related party acquisition (the “Related Party Acquisition”) with Access Self Storage Inc. (“Access”) as the Vendor for that Acquisition. It is anticipated that the Acquisitions will close in Q1 and Q2 2023. Two of the assets are located in Nova Scotia and the other in Alberta.…