![]() ![]() Such statements involve uncertainties that could significantly impact EXR's or LSI's financial results. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which EXR and LSI operate as well as beliefs and assumptions of EXR and LSI. The statements in this communication that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Life Storage consistently provides responsive service to more than 690,000 customers, making it a leader in the industry. Life Storage serves both residential and commercial storage customers with storage units rented by month. Located in Buffalo, New York, Life Storage operates more than 1,200 storage facilities in 37 states and the District of Columbia. ![]() is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Extra Space is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States. As of March 31, 2023, Extra Space owned and/or operated 2,388 self-storage properties, which comprise approximately 1.7 million units and approximately 180.0 million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The transaction is expected to close on Jsubject to the satisfaction or waiver of customary closing conditions.Įxtra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500. Upon consummation of the merger, Life Storage stockholders will receive 0.895 of a newly-issued share of Extra Space common stock for each share of Life Storage common stock they own immediately prior to the effective time of the merger. The final voting results of the Life Storage Special Meeting of Stockholders will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission.Īccording to the results of the Life Storage Special Meeting of Stockholders, more than 99.7 percent of votes cast at the meeting - approximately 83.4 percent of the outstanding shares of Life Storage common stock as of the record date - were voted in favor of approving the merger agreement and the transactions contemplated thereby, including the merger. The final voting results of the Extra Space Special Meeting of Stockholders will be filed as part of a Form 8-K with the U.S. (NYSE: LSI) ("Life Storage" or "LSI") today announced that Extra Space stockholders and Life Storage stockholders have voted, separately, to approve the proposed merger at their respective special meetings held virtually today, J.Īccording to the results of the Extra Space Special Meeting of Stockholders, more than 99.9 percent of votes cast at the meeting - approximately 90.3 percent of the outstanding shares of Extra Space common stock as of the record date - were voted in favor of the issuance of Extra Space common stock in connection with the merger. (NYSE: EXR) ("Extra Space" or "EXR") and Life Storage, Inc. I can’t thank Life Storage enough for their help in what was certainly a difficult day.SALT LAKE CITY and BUFFALO, N.Y., J/PRNewswire/ - Extra Space Storage Inc. There have been so many challenges our family has faced in the last few weeks - finding and signing up for a storage space was not one of them. A quick walkthrough of the facility was impressive- climate was perfect, everything was clean, plenty of lighting and security features allayed our fears with possible theft. The process to sign up for this storage space was made simple and stress free by Philip. We were relieved to have such warm, friendly and compassionate human interaction with this team. In today’s business world - customer service with a human touch is slowly evaporating. Upon explaining the situation to Michelle and later Philip - they showed compassion and caring when navigating us through our options for storage. Our family was faced with an unexpected situation that we had very little time to plan for. Warm, friendly and compassionate customer serviceįrom the first call I made to Life Storage to the in-person meeting - this team has risen above all expectations for customer service and professionalism. ![]()
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