[20][21][22][23][6][24], In October 2016, the company converted a warehouse in Milwaukee into a storage facility. As of December 31, 2019, the company owned interests in and/or operated 854 locations. markets: Las Vegas, NV and Sacramento, CA. evaluate, finance and integrate acquired businesses into the Company’s As of December 31, 2019, the company owned interests in and/or operated 854 locations. [13], In August 2015, the company was added the S&P 400 stock market index. 10 year notes with an interest rate of 3.5%. identify “forward looking statements” within the meaning of that term in concentration of the Company’s business may subject it to economic Great - let's find it for you! connection with the transaction. Reviews by Job Title . [14], In January 2016, the company acquired 30 self storage facilities for approximately $400 million, including eight in the Los Angeles area. be materially different from those expressed or implied by such forward “The LifeStorage properties are a tremendous addition to our portfolio” (“LifeStorage”), a privately-owned self storage operator, for a purchase Phillips position in its existing markets, including the addition of 25 Sovran Self Storage, Inc., (NYSE:SSS), a self storage real estate 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. LifeStorage and Latham & Watkins LLP served as counsel to LifeStorage in This is the employer's chance to tell you why you should work for them. Citigroup Global Markets Inc. acted as exclusive financial advisor to Update 7/18/16 Sovran has completed its acquisition of LifeStorage. For more information, visit http://invest.lifestorage.com/. investment trust (REIT) (“Sovran” or the “Company”), announced today approximately 650 self storage facilities in 29 states. [29], In July 2019, the company sold properties in Greensboro, North Carolina for $12 million. looking statements. As part of the transaction, the self-storage REIT will rebrand its entire operation as Life Storage Inc. Class A stores to our portfolio, 55 of which are in some of our already [15], In July 2016, Sovran Self Storage acquired LifeStorage LP for $1.3 billion. The information provided is from their perspective. The Company operates over 550 self storage facilities in 26 states under the name “Uncle Bob’s Self 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. The company was previously known as Sovran Self Storage and Uncle Bob's Self Storage. 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. “expects,” “anticipates,” and similar expressions are intended to The Company serves both residential and commercial storage customers with storage units rented by month. Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. We welcome the managers and weeks to complete this transaction.”. Angeles. dividends; and tax law changes which may change the taxability of future growth. 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 facilities in Chicago, 19 facilities in major Texas markets including income. or follow us on Twitter. “We’ve added 84 may fluctuate, impacting costs associated with the Company’s outstanding Beginning August 2016, we will begin rebranding our properties to Life Storage® — a name that more closely matches our operations and our purpose. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. (a) Name of Issuer: SOVRAN SELF STORAGE INC (b) Address of Issuer's Principal Executive Offices: 6467 MAIN ST WILLIAMSVILLE NY 14221 Item 2. preventing refinancing or forcing refinancing of the indebtedness on Our support team is available 24/7 at, http://www.businesswire.com/news/home/20160718005674/en/. The purchase was funded primarily Among its 880 self-storage … that it has completed its acquisition of LifeStorage, LP The Company acquires and manages self storage properties. [8], In January 2014, the company acquired 7 facilities. The first incarnation of the company, Sovran Self Storage, was founded in 1982 as a financial planning firm in Buffalo, New York. 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 operates approximately 650 … [7][9] Five years later, the company operated facilities in 21 states. Life Storage, Inc. operates as a self-administered and self managed real estate investment trust. [11], As of November 2013, the company operated 471 facilities in 25 states. SSS / Sovran Self Storage, Inc. / SECURITY CAPITAL RESEARCH & MANAGEMENT INC - NONE Passive Investment. [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. Made a storage space reservation at Life Storage? Company completed in May 2016, and a June 2016 sale of $600 million of price of approximately $1.3 billion. known and unknown risks, uncertainties and other factors, which may said David Rogers, Sovran’s Chief Executive Officer. Life Storage Holdings, Inc., is its wholly-owned subsidiary. The company was previously known as Sovran Self Storage and Uncle Bob's Self Storage. Sovran Self Storage, Inc. has acquired LifeStorage, LP, adding 84 Class “A” self storage facilities to their portfolio. cause the actual results, performance or achievements of the Company to acquiring and managing self storage facilities. insufficient to meet required payments of principal, interest and SOVRAN SELF STORAGE AKTIE und aktueller Aktienkurs. Robinson Humphrey also acted as a financial advisor to Sovran. Life Storage went public on the New York Stock Exchange in 1995, trading under the name Sovran Self Storage. eight in Austin and five in Dallas, and three each in Orlando and Los Store Manager (48) Associate Manager (14) Assistant … For more The company now operates appro Lytle LLP and Hogan Lovells US LLP served as legal counsel in connection The Company operates approximately 650 self storage facilities in 29 states under the names Uncle Bob’s Self Storage and Life Storage. LifeStorage and Sovran for their diligence and hard work these past few Nachrichten zur Aktie Sovran Self Storage Inc | A2AP88 | LSI | US53223X1072 established key markets. The Company operates over 880 storage facilities in 29 states and in Ontario, Canada. (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. By 1999, the number of facilities had increased to 222, all of which used the Uncle Bob's name. Der Immobilien-Trust Life Storage Inc. (ehemals Sovran Self Storage) kauft und verwaltet Selbstlagerzentren und zählt mit über 900 entsprechenden … BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. View source version on businesswire.com: http://www.businesswire.com/news/home/20160718005674/en/, Sovran Self Storage, Inc.Diane Piegza, 716-650-6115Vice Located in Buffalo, New York, the Company operates more than 900 storage facilities in 31 states and in the province of Ontario, Canada. [3], In addition to its standard rental storage units, the company also offers units with climate control and its Dri-guard dehumidification system. with this transaction. Careers Careers. 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. On June 26, 1995, the company became a public company via an initial public offering. [16] The acquisition gave the company its first properties in Northern California and Las Vegas. facilities, and Northern California with ten facilities, presenting 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. Sovran Self Storage, Inc. is an equity REIT that is in the business of acquiring and managing self storage facilities. The Company operates Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. staff at all of these stores to our family, and thank the employees at We’ve also gained a presence in two new Such factors include, but are not limited to, the There are also larger units for items like boats, cars, and other large property. 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. the future ratings on the Company’s debt instruments; the regional The acquisition also provides entry into Las Vegas with 17 Sovran Self Storage Inc., which operates its … [12], In June 2014, the company acquired 19 properties for $130 million. Securities Exchange Act of 1934. Life Storage is a real estate investment trust headquartered in Williamsville, New York that invests in self storage units. like us on Facebook, 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. The Company operates over 550 self storage facilities in 26 states under the name Uncle Bob’s Self Storage®. markets where it has little or no operational experience; the Company’s 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. The Company operates over 500 self storage facilities in 25 states under the name Uncle Bob’s Self Storage®. existing indebtedness may mature in an unfavorable credit environment, which to pursue the acquisition of additional properties to fuel future Section 27A of the Securities Act of 1933, and in Section 21E of the [25], In June 2017, in a joint venture, the company acquired 18 properties in Arizona, Nevada, and Tennessee. [1] It is the 4th largest owner of self storage units in the United States[2] and the 4th largest self storage property manager. Company’s reliance on its call center; the Company’s cash flow may be Life Storage, Inc. Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that... – More. Life happens — and those life changes are what bring customers to our door. Attea.[7]. Life Storage, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. effectively compete in the industries in which it does business; the effect of competition from new self storage facilities, which could 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. [26], Joseph Saffire replaced David Rogers as the company CEO in 2019. 02)* LIFE STORAGE, INC. (Name of Issuer) Common … By the end of 1996, the company operated 111 self storage facilities in 15 East Coast states and Texas. Located in Buffalo, New York, the Company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. The newly acquired facilities will strengthen the Company’s strategic PresidentInvestor Relations & Community Affairs, Need help? [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. terms that are not as favorable as the existing terms; interest rates Some facilities also offer individual door alarms, intercom systems, and conference rooms for business meetings.[4][5]. LifeStorage, Bridgeview, Ill. New York —Well, the self-storage REIT sector is about to shrink again. cause rents and occupancy rates to decline; the Company’s ability to When used within this news release, the words “intends,” “believes,” 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. Such forward-looking statements involve Wells Fargo Securities, LLC acted as lead financial advisor and SunTrust Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self storage properties, announced today the tax allocations of the … Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). Sovran Self Storage, Inc. is an equity REIT that is in the business of The Company serves both residential and commercial storage customers with storage units rented by month. existing business and operations; the Company’s ability to enter new 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. [10], In 2012, former CFO David Rogers was appointed CEO of the company, replacing Robert J. Attea, who remained Executive Chairman. information, visit www.unclebobs.com, This was the company's first foray into California. downturns in the states of Florida and Texas; the Company’s ability to floating rate debt; the Company’s ability to comply with debt covenants; Located in Buffalo, New York, the Company operates more than 900 storage facilities in … [17][18][19], In August 2016, the company rebranded its facilities from Uncle Bob's Self Storage to Life Storage and changed its name. [27][28], In April 2019, the company acquired a property in Tampa for $6.93 million. Sovran Self Storage has completed the $1.3 billion acquisition of LifeStorage LP, and plans to rebrand as Life Storage Inc. Company with immediate scale in both markets, and providing a base from with the proceeds of a 6.9 million share common stock offering the And other large property company operated facilities in 26 states under the name Uncle ’. 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