You are here

US self-storage Reit Extra Space to buy peer for US$1.4b

Los Angeles

EXTRA Space Storage Inc agreed to buy SmartStop Self Storage Inc, a California-based non-traded real estate investment trust, for about US$1.4 billion to expand its property holdings as the self-storage industry grows.

Extra Space will pay US$1.29 billion, with the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to