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
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