Extra Space Storage Snags $200M Portfolio In Va.

Law360, New York (January 9, 2014, 3:16 PM EST) -- Extra Space Storage Inc., a major owner and operator of self-storage properties across the U.S., said Thursday that it has acquired a self-storage portfolio consisting of 17 properties in Virginia for approximately $200 million.

The Salt Lake City-based company picked up 17 properties throughout and south of Richmond, Va., consisting of 1.5 million square feet across about 14,000 storage units, according to a company spokesman.

In addition, Extra Space Storage has an additional five properties under contract for an approximate purchase price of $58 million, indicating...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.