Life Storage Inc (Life Storage) is a real estate investment trust. It is a self-administered and self-managed real estate company that acquires, owns and manages self-storage facilities. The company’s facilities offer storage space for lease, generally on a month-to-month basis for commercial and residential users. Life Storage provide its outside and inside storage facilities for automobiles, boats and recreational vehicles. The company offers storage facilities for rent by the month to both residential and commercial customers. It also offers small, medium and large storage unit sizes, as well as parking spaces for vehicles. Life Storage is headquartered in Buffalo, New York, the US.
Headquarters
United States of America
Address
6467 Main St, Williamsville, New York, 14221
Website
www.lifestorage.com
Telephone
1 716 6331850
No of Employees
2,508
Industry
Construction
Revenue (2022)
$1.0B
Life Storage Inc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Acquiring, Managing and Owning Self Storage Properties | Life Storage |
| Fleet of Rental Trucks | |
| Customer Care Center Services | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In April, the company agreed to be acquired by Extra Space Storage for US$12.4 billion. |
| 2022 | Asset Purchase | In April, the company acquired an eight-property, Class A self-storage portfolio totaling 4,317 units across markets in Chicago, Illinois; Raleigh and Fayetteville, North Carolina; and Dallas, Texas from Harrison Street. |
| 2020 | Corporate Changes/Expansions | In December, the company launched First Micro-Fulfillment Center in partnership with Deliver in Las Vegas. |
Competitor Comparison
| Key Parameters | Life Storage Inc | U-Haul Holding Co | Simon Property Group Inc | Public Storage | CubeSmart |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Williamsville | Reno | Indianapolis | Glendale | Malvern |
| State/Province | New York | Nevada | Indiana | California | Pennsylvania |
| No. of Employees | 2,508 | 17,901 | 2,500 | 5,900 | 2,804 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Joseph V Saffire | Chief Executive Officer; Director | Executive Board | 2019 | 53 |
| Alexander Gress | Chief Financial Officer | Senior Management | 2023 | 49 |
| David P Dodman | Chief Operating Officer | Senior Management | 2022 | 49 |
| Mark G Barberio | Chairman | Non Executive Board | 2015 | 60 |
| Michael Rogers | Senior Vice President - Real Estate | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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