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