Public Storage Provides Hurricane Harvey Update
August 28 2017 - 10:09PM
Business Wire
Public Storage (NYSE:PSA) announced today that due to severe
weather conditions related to Hurricane Harvey, all properties in
the Houston area are temporarily closed for the safety of our
customers and employees. These property closures include 115
properties, 8.4 million net rentable square feet and over 77,500
units in the Houston and surrounding areas. As the situation
remains ongoing and the full impact of the storm is still unknown,
the Company will provide additional information as appropriate.
We plan to re-open impacted locations as quickly as possible and
as soon as it is safe. We will keep our customers informed of any
updates by email. We have also established a dedicated hotline for
those impacted by Hurricane Harvey and any customer who would like
to speak to a Public Storage Team Member can call (866)
381-0515.
“Our thoughts go out to all of the communities and people who
have been affected by Hurricane Harvey,” said Joseph D. Russell,
Jr., President of Public Storage. “We are especially mindful of the
safety of our customers and employees. I am extremely grateful for
the extraordinary efforts by the Public Storage team members on the
ground working to quickly restore service to our customers.”
Company Information
Public Storage, a member of the S&P 500 and FT Global 500,
is a fully integrated, self-administered and self-managed real
estate investment trust that primarily acquires, develops, owns and
operates self-storage facilities. The Company’s headquarters are
located in Glendale, California. At June 30, 2017, the Company had
interests in 2,358 self-storage facilities located in 38 states
with approximately 156 million net rentable square feet in the
United States and 220 storage facilities located in seven
Western European nations with approximately 12 million net
rentable square feet operated under the “Shurgard” brand. The
Company also owns a 42% common equity interest in PS Business
Parks, Inc. (NYSE:PSB) which owned and operated approximately 28
million rentable square feet of commercial space, primarily flex,
multi-tenant office and industrial space, at June 30, 2017.
Additional information about Public Storage is available on the
Internet. The Company’s web site is www.publicstorage.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170828006118/en/
Public StorageClemente Teng(818) 244-8080, Ext. 1141
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