Life Storage, Inc. Provides Hurricane Harvey Update
September 01 2017 - 5:10PM
Business Wire
Life Storage, Inc., (NYSE:LSI), announced today that 63 of its
properties in Houston and Beaumont, TX have reopened for business.
These represent a total of 4.7 million sq. ft. and 39,000 storage
spaces. Six Life Storage properties remain temporarily closed due
to the impact of Hurricane Harvey. Of these, three stores are
wholly owned by the Company and represent 251,000 sq. ft and 2,100
storage spaces. The remaining three stores totaling 332,000 sq. ft.
and 2,300 spaces are joint venture locations in which the Company
is a 20% owner. Given the continued flooding and effects of the
storm, there may be additional closings over the Labor Day
weekend.
“We recognize that this has been a traumatic time for the
residents of Southeast TX, and our thoughts and prayers are with
everyone affected,” said David Rogers, CEO. “Our focus has been,
and will continue to be, on the safety and well-being of our Life
Storage associates and our customers. We are committed to doing our
part to help the community recover from this disaster.”
ABOUT LIFE STORAGE, INC:
Life Storage, Inc. is a self-administered and self-managed
equity REIT that is in the business of acquiring and managing self
storage facilities. The Company is one of the largest operators in
the world with approximately 700 self storage facilities in 29
states. For more information, visit
http://invest.lifestorage.com/.
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version on businesswire.com: http://www.businesswire.com/news/home/20170901005763/en/
Life Storage, Inc.Diane Piegza, 716-650-6115Vice President,
Investor Relations & Community Affairs
Life Storage (NYSE:LSI)
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