M&A Deal Summary

Extra Space Storage Acquires SmartStop Self Storage

On October 1, 2015, Extra Space Storage acquired real estate company SmartStop Self Storage for 1.4B USD

Acquisition Highlights
  • This is Extra Space Storage’s 2nd transaction in the Real Estate sector.
  • This is Extra Space Storage’s 3rd largest (disclosed) transaction.
  • This is Extra Space Storage’s 2nd transaction in the United States.
  • This is Extra Space Storage’s 1st transaction in California.

M&A Deal Summary
Date 2015-10-01
Target SmartStop Self Storage
Sector Real Estate
Buyer(s) Extra Space Storage
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

SmartStop Self Storage

Ladera Ranch, California, United States
SmartStop Self Storage, Inc. is a real estate investment trust.

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Buyer(S) 1

Buyer

Extra Space Storage

Salt Lake City, Utah, United States
Category Company
Sector Real Estate
Employees4,781
Revenue 2.6B USD (2023)
DESCRIPTION

Extra Space Storage is a fully integrated, self-administered and self-managed real estate investment trust. Extra Space a national owner, developer, acquirer and operator of professionally managed self-storage properties. Extra Space Storage is based in Salt Lake City, Utah.

DEAL STATS #
Overall 2 of 4
Sector (Real Estate) 2 of 4
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-05 Storage USA

Memphis, Tennessee, United States

Storage USA, Inc., operating 458 self-storage properties in 31 states and Washington, D.C. Storage USA manages over 31 million net rentable square feet with nearly 250,000 tenants.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Extra Space Storage - Surfside

Surfside Beach, South Carolina, United States

Extra Space Storage's Surfside offers 60,295 net rentable square feet across 647 units. The facility offers both climate and non-climate-controlled space, 58 parking spaces, and is conveniently located on 6.39 acres of land. Extra Space Storage's Surfside is based in Surfside Beach, South Carolina.

Sell -
Mergr

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