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Extra Space Storage completes stock offering

Published November 12, 2012 8:02 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

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.