life storage inc sovran self 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. By 1999, the number of facilities had increased to 222, all of which used the Uncle Bob's name. Angeles. “expects,” “anticipates,” and similar expressions are intended to Sovran Self Storage, Inc. has acquired LifeStorage, LP, adding 84 Class “A” self storage facilities to their portfolio. The Company acquires and manages self storage properties. Some facilities also offer individual door alarms, intercom systems, and conference rooms for business meetings.[4][5]. with this transaction. “We’ve added 84 Sovran Self Storage, Inc., a self storage real estate investment trust , announced today that it will rebrand the 563 storage facilities it presently operates as... | October 10, 2020 [16] The acquisition gave the company its first properties in Northern California and Las Vegas. The newly acquired facilities will strengthen the Company’s strategic Such factors include, but are not limited to, the identify “forward looking statements” within the meaning of that term in downturns in the states of Florida and Texas; the Company’s ability to (a) Name of Issuer: SOVRAN SELF STORAGE INC (b) Address of Issuer's Principal Executive Offices: 6467 MAIN ST WILLIAMSVILLE NY 14221 Item 2. When used within this news release, the words “intends,” “believes,” [10], In 2012, former CFO David Rogers was appointed CEO of the company, replacing Robert J. Attea, who remained Executive Chairman. existing indebtedness may mature in an unfavorable credit environment, growth. As of December 31, 2019, the company owned interests in and/or operated 854 locations. We welcome the managers and price of approximately $1.3 billion. Phillips 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. As part of the transaction, the self-storage REIT will rebrand its entire operation as Life Storage Inc. Great - let's find it for you! A Roseville-based self-storage company is being acquired by a Buffalo, N.Y.-based real estate investment trust, combining two of the largest U.S. operators of self-storage facilities. In 1985, the company opened its first self storage facility in Florida and then accumulated around 30 such facilities on the East Coast within the next 3 years. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. [12], In June 2014, the company acquired 19 properties for $130 million. preventing refinancing or forcing refinancing of the indebtedness on the future ratings on the Company’s debt instruments; the regional Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. [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. 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 operates approximately 650 … The Company operates over 550 self storage facilities in 26 states under the name “Uncle Bob’s Self Storage” ®. effect of competition from new self storage facilities, which could As of December 31, 2019, the company owned interests in and/or operated 854 locations. which to pursue the acquisition of additional properties to fuel future 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. BUFFALO, N.Y.--(BUSINESS WIRE)-- like us on Facebook, 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. The company now operates appro The Company operates over 880 storage facilities in 29 states and in Ontario, Canada. facilities, and Northern California with ten facilities, presenting the [1] It is the 4th largest owner of self storage units in the United States[2] and the 4th largest self storage property manager. Store Manager (48) Associate Manager (14) Assistant … Life Storage went public on the New York Stock Exchange in 1995, trading under the name Sovran Self Storage. that it has completed its acquisition of LifeStorage, LP [15], In July 2016, Sovran Self Storage acquired LifeStorage LP for $1.3 billion. [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, Inc. Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that... – More. The purchase was funded primarily SOVRAN SELF STORAGE AKTIE und aktueller Aktienkurs. Citigroup Global Markets Inc. acted as exclusive financial advisor to Lytle LLP and Hogan Lovells US LLP served as legal counsel in connection Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. The Company serves both residential and commercial storage customers with storage units rented by month. SSS / Sovran Self Storage, Inc. / SECURITY CAPITAL RESEARCH & MANAGEMENT INC - NONE Passive Investment. [14], In January 2016, the company acquired 30 self storage facilities for approximately $400 million, including eight in the Los Angeles area. cause the actual results, performance or achievements of the Company to Nachrichten zur Aktie Sovran Self Storage Inc | A2AP88 | LSI | US53223X1072 cause rents and occupancy rates to decline; the Company’s ability to [7][9] Five years later, the company operated facilities in 21 states. Among its 880 self-storage … Made a storage space reservation at Life Storage? be materially different from those expressed or implied by such forward Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). Our support team is available 24/7 at, http://www.businesswire.com/news/home/20160718005674/en/. LifeStorage, Bridgeview, Ill. New York —Well, the self-storage REIT sector is about to shrink again. [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. dividends; and tax law changes which may change the taxability of future The Company operates over 550 self storage facilities in 26 states under the name Uncle Bob’s Self Storage®. (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. said David Rogers, Sovran’s Chief Executive Officer. existing business and operations; the Company’s ability to enter new For more information, visit http://invest.lifestorage.com/. PresidentInvestor Relations & Community Affairs, Need help? By the end of 1996, the company operated 111 self storage facilities in 15 East Coast states and Texas. may fluctuate, impacting costs associated with the Company’s outstanding terms that are not as favorable as the existing terms; interest rates The information provided is from their perspective. We’ve also gained a presence in two new Wells Fargo Securities, LLC acted as lead financial advisor and SunTrust The company was previously known as Sovran Self Storage and Uncle Bob's Self Storage. Life happens — and those life changes are what bring customers to our door. The company was previously known as Sovran Self Storage and Uncle Bob's Self Storage. Careers Careers. 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. approximately 650 self storage facilities in 29 states. with the proceeds of a 6.9 million share common stock offering the View source version on businesswire.com: http://www.businesswire.com/news/home/20160718005674/en/, Sovran Self Storage, Inc.Diane Piegza, 716-650-6115Vice There are also larger units for items like boats, cars, and other large property. Attea.[7]. The first incarnation of the company, Sovran Self Storage, was founded in 1982 as a financial planning firm in Buffalo, New York. The Company operates over 500 self storage facilities in 25 states under the name Uncle Bob’s Self Storage®. Reviews by Job Title . income. Class A stores to our portfolio, 55 of which are in some of our already looking statements. Company’s reliance on its call center; the Company’s cash flow may be facilities in Chicago, 19 facilities in major Texas markets including Life Storage, Inc. operates as a self-administered and self managed real estate investment trust. Beginning August 2016, we will begin rebranding our properties to Life Storage® — a name that more closely matches our operations and our purpose. This is the employer's chance to tell you why you should work for them. 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. Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. Life Storage Holdings, Inc., is its wholly-owned subsidiary. Company with immediate scale in both markets, and providing a base from insufficient to meet required payments of principal, interest and [11], As of November 2013, the company operated 471 facilities in 25 states. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. position in its existing markets, including the addition of 25 staff at all of these stores to our family, and thank the employees at Located in Buffalo, New York, the Company operates more than 900 storage facilities in … effectively compete in the industries in which it does business; the The Company operates Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self storage properties, announced today the tax allocations of the … (“LifeStorage”), a privately-owned self storage operator, for a purchase This was the company's first foray into California. known and unknown risks, uncertainties and other factors, which may [17][18][19], In August 2016, the company rebranded its facilities from Uncle Bob's Self Storage to Life Storage and changed its name. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. established key markets. weeks to complete this transaction.”. Section 27A of the Securities Act of 1933, and in Section 21E of the investment trust (REIT) (“Sovran” or the “Company”), announced today LifeStorage and Sovran for their diligence and hard work these past few Securities Exchange Act of 1934. eight in Austin and five in Dallas, and three each in Orlando and Los On June 26, 1995, the company became a public company via an initial public offering. markets where it has little or no operational experience; the Company’s [25], In June 2017, in a joint venture, the company acquired 18 properties in Arizona, Nevada, and Tennessee. Update 7/18/16 Sovran has completed its acquisition of LifeStorage. Such forward-looking statements involve Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate Der Immobilien-Trust Life Storage Inc. (ehemals Sovran Self Storage) kauft und verwaltet Selbstlagerzentren und zählt mit über 900 entsprechenden … [29], In July 2019, the company sold properties in Greensboro, North Carolina for $12 million. Company completed in May 2016, and a June 2016 sale of $600 million of floating rate debt; the Company’s ability to comply with debt covenants; 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. evaluate, finance and integrate acquired businesses into the Company’s The acquisition also provides entry into Las Vegas with 17 or follow us on Twitter. The Company operates approximately 650 self storage facilities in 29 states under the names Uncle Bob’s Self Storage and Life Storage. [20][21][22][23][6][24], In October 2016, the company converted a warehouse in Milwaukee into a storage facility. Sovran Self Storage Inc., which operates its … Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. [13], In August 2015, the company was added the S&P 400 stock market index. Located in Buffalo, New York, the Company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. markets: Las Vegas, NV and Sacramento, CA. LifeStorage and Latham & Watkins LLP served as counsel to LifeStorage in [8], In January 2014, the company acquired 7 facilities. [27][28], In April 2019, the company acquired a property in Tampa for $6.93 million. Life Storage, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. Sovran Self Storage has completed the $1.3 billion acquisition of LifeStorage LP, and plans to rebrand as Life Storage Inc. About Sovran Self Storage, Inc. Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. [26], Joseph Saffire replaced David Rogers as the company CEO in 2019. 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