Acquisition of ExtraSpace Storage Portfolio – Atlanta

Deal value: $74,000,000

Acquisition of a three-property self-storage portfolio totaling 320,000 SF in Atlanta, Georgia, by Life Storage REIT. The assets are stabilized and located in high-growth suburban submarkets.

The acquisition targets stabilized, high-growth suburban self-storage assets in Atlanta, reflecting a belief in continued demographic expansion and robust demand for storage in Sun Belt metros. Life Storage REIT is seeking to consolidate its presence in a market with favorable fundamentals, leveraging operational scale and stable cash flows. The timing aligns with ongoing migration trends and the resilience of self-storage as an asset class during economic cycles.