Last week, Orlando, Fla.-based Simply Self Storage acquired a 48-property portfolio from EZ Storage, making it one of the largest privately owned self-storage companies in the United States. The acquisition comprises 3.7 million rentable square feet in Massachusetts, Michigan, Minnesota, Ohio, Texas and Rhode Island.
The company has been steadily acquiring properties throughout 2006. In August, it bought a 29-property portfolio consisting of 1.6 million square feet from All Seasons Storage Trust and a four-property, $64 million portfolio in Puerto Rico. Just this month, it purchased a 26,000-square-foot storage facility in St. Clair Shores, Mich. According to the company website, it has more facilities under contract that should close by the end of the year.
Simply Self Storage is owned by OB Companies. It operates more than 10 million square feet of storage space and has offices or projects in 17 states. For more information, call 407.248.7878; e-mail email@example.com; visit www.obcompanies.com.