M&A Deal Summary

Life Storage Acquires LifeStorage

On May 19, 2016, Life Storage acquired real estate company LifeStorage for 1.3B USD

Acquisition Highlights
  • This is Life Storage’s 1st transaction in the Real Estate sector.
  • This is Life Storage’s largest (disclosed) transaction.
  • This is Life Storage’s 1st transaction in the United States.
  • This is Life Storage’s 1st transaction in California.

M&A Deal Summary
Date 2016-05-19
Target LifeStorage
Sector Real Estate
Buyer(s) Life Storage
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Citigroup Investment Banking (Financial)
Latham & Watkins (Legal)

Target

LifeStorage

Roseville, California, United States
website
LifeStorage LP is an owner and operator of self storage facilities in the United States, currently operating 92 self storage properties in nine states.

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Buyer(S) 1

Buyer

Life Storage

Williamsville, New York, United States

website

Category Company
Sector Real Estate
Employees2,241
Revenue 749M USD (2021)
DESCRIPTION

Life Storage is a self-administered and self-managed real estate investment trust (REIT) focused on self-storage facilities. Life Storage was originally known as Sovran Self Storage.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal