Extra Space Storage Inc., a Salt Lake City real estate investment company, said during the fourth quarter of last year it spent approximately $190 million to buy 28 self-storage properties.
The properties were located in California, Florida, Illinois, Massachusetts, New Jersey, New York and Rhode Island.
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Spencer F. Kirk, chairman and CEO, said the acquisitions demonstrate the company continues to be a disciplined buyer of assets.
For the full year ended Dec. 31, 2011, the company acquired a total of 55 properties located in 17 states for approximately $289.6 million, he said.
Kirk added of the 28 properties purchased during the fourth quarter that 19 properties were from the previously announced acquisition of a portfolio located in California. An additional portfolio of six properties was purchased from a joint venture in which the company held a 10 percent equity interest.
Extra Space Storage’s shares are listed on the New York Stock Exchange under the symbol EXR.
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