2.2B

Public Storage to Purchase Merely Self Storage for $2.2B

Glendale-based Public Storage plans to amass Merely Self Storage from Blackstone Actual Property Revenue Belief for $2.2 billion. Public Storage introduced the transaction on July 24. The deal, which can add 152 properties with 11 million sq. toes of rentable space for storing to the Public Storage portfolio, additional bolsters the corporate’s standing because the nation’s largest publicly traded self-storage firm. … [Read more…]

Public Storage Closes $2.2B Deal

Glendale-based Public Storage Inc., one of many largest operators of self-storage facilities within the U.S., formally expanded its market share because it finalized its acquisition of Merely Self Storage from Blackstone Actual Property Revenue Belief Inc. for $2.2 billion.  The acquisition encompasses 127 properties unfold throughout 18 states, including about 9 million sq. toes to … [Read more…]