Sovran Self Storage Inc., a real estate investment trust that operates the Uncle Bob's Self Storage brand, recently donated $125,000 to the Nelson D. Civello '67 Family Financial Markets Lab at Canisius College in Buffalo, N.Y. The funds will be used to purchase and support Bloomberg Terminals, which provide live market data and news information around the clock as well as store information on private and public companies, according to the source.
Students in the college’s Golden Griffin Fund (GGF) investment-management course use the terminals extensively. As part of the course, they oversee a real-money fund that’s invested in more than 25 individual stocks and three equity Exchange Traded Funds, according to the college website. The students are undergraduate seniors and master of business administration finance majors.
Sovran President Kenneth Myszka earned a bachelor's degree in accounting at Canisius in 1970 and currently serves on its board of trustees. Sovran was also the subject of a research project by a team of GGF students, who won the global Chartered Financial Analyst Institute Research Challenge earlier this year.
Sovran operates more than 500 self-storage facilities in 25 states. The company ranked No. 5 on the Inside Self-Storage 2014 Top-Operators List, which ranks the industry’s top 100 operators by net rentable square feet. Sovran’s portfolio comprises more than 34 million square feet in more than 305,000 units.
- Buffalo Business First: Canisius College Receives $125,000 From Local Foundation
- : Golden Griffin Fund