Sovran Self Storage Inc., a real estate investment trust that operates the Uncle Bob's chain of storage facilities, announced a price of $56.25 per share for its current stock offering. The Buffalo, N.Y.-based company will offer 2 million shares, with a closing date of Dec. 4. Underwriters have a 30-day option to buy up to an additional 300,000 shares. Sovran said the sale proceeds will be used for property acquisitions, general business purposes and to repay debt. For more information, visit www.sovranss.com.
Sovran Self Storage Prices Stock Offering
Real estate investment trust Sovran Self Storage announced a share price of $56.25 for its current stock offering, which ends Monday.