Life Storage Adds Four Canadian Properties to Its Third-Party Management Portfolio
Life Storage, Inc. (LSI)
Last life storage, inc. earnings: 2/19 04:30 pm
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Source: Business Wire
BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc., (NYSE:LSI), a leading national owner and operator of self storage properties in the United States, has added four self storage facilities in the Greater Toronto Area to its third-party management portfolio. The extended Greater Toronto Area, including the Hamilton and St. Catharines-Niagara Canadian Metropolitan Areas, total more than seven million people, making it one of the largest North American markets. The facilities are owned by Bluebird Self Storage. “We are excited to expand into southern Ontario. The market dynamics and demographics of that region, as well as our home office proximity to Canada, make this a significant opportunity to continue driving our Company’s growth,” said Joe Saffire, incoming Chief Executive Officer of Life Storage. “We are entering this new market with Bluebird, a company with more than 30 years of experience in both
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