Extra Space Storage poised to sell additional 5.2M shares
Published: November 7, 2012 08:14AM
Updated: November 9, 2012 10:23AM

Extra Space Storage Inc., a Salt Lake City-based real estate investment trust that operates in the self-storage industry, said it intends to issue and sell 5.2 million shares of its stock in a public offering.

The company intends to use the proceeds of the offering to fund its acquisition of 28 properties that it wants to buy for $190.2 million and to repay a portion of its outstanding debt.

Citigroup will serve as the underwriter of the offering.