M&A Deal Summary

Extra Space Storage Acquires Storage Express

On September 16, 2022, Extra Space Storage acquired real estate company Storage Express for 590M USD

Acquisition Highlights
  • This is Extra Space Storage’s 3rd transaction in the Real Estate sector.
  • This is Extra Space Storage’s 4th largest (disclosed) transaction.
  • This is Extra Space Storage’s 3rd transaction in the United States.
  • This is Extra Space Storage’s 1st transaction in Indiana.

M&A Deal Summary
Date 2022-09-16
Target Storage Express
Sector Real Estate
Buyer(s) Extra Space Storage
Deal Type Add-on Acquisition
Deal Value 590M USD

Target

Storage Express

Bloomington, Indiana, United States
Storage Express owns 107 remote storage properties across Indiana, Ohio, Illinois and Kentucky. Storage Express is headquartered in Bloomington, Indiana.

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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 3 of 4
Sector (Real Estate) 3 of 4
Type (Add-on Acquisition) 2 of 2
State (Indiana) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Life Storage

Williamsville, New York, United States

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.

Buy $12.7B
Mergr

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