Extra Space Storage completes stock offering

THE SALT LAKE TRIBUNE

First Published Nov 12 2012 08:02 am • Last Updated Nov 13 2012 11:43 am

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.

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