REITs

The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have announced when and how they will...

Silver Star Properties REIT Inc., a publicly registered, non-traded real estate investment trust, announced it will pivot away from light-industrial, office and retail assets to pursue opportunities in self-storage. As part of the transition, the...

Self-storage real estate investment trusts (REITs) Extra Space Storage Inc. and Life Storage Inc. have signed a merger agreement, under which Extra Space will acquire Life Storage in an all-stock transaction for $12.7 billion. The deal, which is...

Update 3/28/23 – Self-storage REIT CubeSmart has been recognized by Achievers as one of the “50 Most Engaged Workplaces in North America” for the third time. The honor recognizes leadership and innovation in employee engagement, according to a...

Life Storage Inc., a self-storage real estate investment trust (REIT) and management company, was named one of “America’s Best Midsize Employers 2023” by “Forbes” magazine. It’s the second consecutive year the company has achieved the honor...

Update 2/21/23 – Shurgard has released financial results for its 2022 fiscal year, which ended Dec. 31. In general, the company showed gains in key areas, particularly in operating revenue and net operating income (NOI), according to a press...

Update 2/20/23 – The Life Storage board of directors has unanimously rejected the takeover bid by Public Storage, saying the all-stock offer “significantly undervalues Life Storage and its prospects for future growth and value creation.” The board...