Extra Space Storage completes stock offering
Published: November 12, 2012 08:02AM
Updated: November 13, 2012 11:43AM

Extra Space Storage Inc., a Salt Lake City-based real estate investment trust, said it has completed its previously announced public offering of 5.9 million shares of its common stock.

The company, which specializes in self-storage properties, raised approximately $202.9 million from the offering.

It intends to use the proceeds to fund its previously announced acquisition of 28 properties for approximately $190.2 million and to repay a portion of its outstanding indebtedness.

Citigroup acted as the sole underwriter for the offering.