This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Extra Space Storage® Announces Management Agreement For Eight Properties With The Irvine Company





SALT LAKE CITY, Oct. 12, 2012 /PRNewswire/ --  Extra Space Storage Inc. (NYSE: EXR) today announced it has entered into an agreement with the Irvine Company, a leading real estate development company, to assume management of eight self-storage assets.  Effective September 28, 2012, the eight properties, located in Southern California, have been managed by Extra Space Storage.  All of these assets will be reflagged and rebranded as Extra Space Storage properties.

(Logo: http://photos.prnewswire.com/prnh/20120730/LA48662LOGO)

"We are excited to form a partnership with the Irvine Company while at the same time continuing to grow the Extra Space Storage brand," said Spencer Kirk, Chief Executive Officer for Extra Space Storage. "An expanded footprint in these markets solidifies our ability to provide best-in-class efficiencies in online marketing, revenue management and property operations.  Our company has been built on long-term strategic partnerships and we are excited to foster a mutually-beneficial relationship with a world-class organization like the Irvine Company."

Extra Space Storage® has been a leader in the storage industry for over 30 years. Since expanding to third party management, Extra Space Storage has become the largest self-storage management company in the country.

The Irvine Company's eight properties are located in high-quality, Irvine communities.  The portfolio consists of 732,000 square feet and rents in excess of $15.00 per square foot.  The individual properties are located at:





1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs