Sovran Self Storage Announces Acquisition of 9 Facilities for $54.7M

Sovran Self Storage SSS, a self storage real estate investment trust (REIT), announced today the acquisition of nine self storage facilities for a combined purchase price of $54.7 million. The acquisitions were funded through the Company's at-the-market equity program, advances on its line of credit, and operating cash flow. Uncle Bob's Self Storage adds nine quality stores to its portfolio including four storage facilities in Atlanta, GA. (Photo: Business Wire) The properties are located in markets where the company already has a presence, including four Atlanta, GA self storage facilities; three in Jacksonville, FL; one in Raleigh, NC; and one in Chicago, IL. The properties total over 770,000 square feet of rental space. See full press release