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Furthermore, Extra Space said it had closed on the purchase of 35 of the 40 facilities mentioned in its third-quarter earnings release for a total price of $190.4 million. Extra Space’s 17-facility deal follows recent announcements of major acquisitions by two of its REIT rivals: CubeSmart LP and Public Storage Inc. For Extra Space, securing millions of dollars in acquisitions this year hasn’t been easy in what continues to be a highly competitive market for top-quality assets.
Extra Space is predominantly buying properties at cap rates between 6 percent and 7 percent.
Kirk acknowledged that Extra Space that amid competitive bidding, the REIT has not been “overly successful” in landing facilities that have been actively marketed. As for development activity, Extra Space does not do ground-up construction on its own, but it does enter joint ventures that hold the opportunity for acquisitions down the road. By most measures, the REIT’s third-quarter results either met or exceeded what had been already high expectations from Wall Street analysts. Kirk credits the “great operating environment” for part of the REIT’s recent success—namely stable customer demand and limited new construction. Extra Space marked a major milestone in the third quarter when it surpassed 1,000 branded properties in its portfolio. Welcome.The Storage Facilitator is the modern self-storage professional's destination for useful education, intriguing news, diverse expert perspectives, technology updates, and beyond.
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Everyone in Dedham is invited to be part of the action as Extra Space Storage celebrates an official ‘Sports Day,’ with free giveaways and fun. Extra Space Storage has over 600 self storage locations across the country with 49 self storage facilities in Massachusetts. Extra Space Storage provides a safe and convenient self-storage solution for your valued possessions.
As always, Extra Space Storage offers state-of-the-art storage facilities with on-site managers, surveillance cameras and alarm systems to keep your valuables safe. Extra Space Storage + Storage USA - Now TogetherExtra Space Storage is now the 2nd largest operator of self storage in the United States. Reach out to the author: contact and available social following information is listed in the top-right of all news releases.
A yearly announcement and celebration, the CEO Team of Excellence award, and all the wonderful stuff that comes with it, is a big honor presented to only the most outstanding Extra Space Storage employees.
Extra Space Storage takes seriously its commitment to maintaining a work environment in which employees thrive, and it works! To show our appreciation for all the great work, each year we provide a trip for all CEO Team of Excellence award winners and their guest to visit our headquarters in Salt Lake City. CEO Team of Excellence award winners also receive a $2,000 bonus and have their picture taken with the CEO.
The CEO Team of Excellence award for 2014 was presented to 14 employees who displayed sustained, outstanding efforts and results throughout the entire year.
Chosen from among the Extra Space Storage quarterly award winners, the CEO Team of Excellence winners are recognized through company-wide communication.
If you don’t want to go online to reach out to box hunters, then you can simply post messages on bulletin boards at your school, office, library or church. We’ve talked about how reusing trumps recycling, but this next option might really blow your mind. According to ZippGo’s website, their very stackable plastic packing crates have double the storage capacity of cardboard boxes, plus they’re waterproof and not crushable, with bottoms that don’t fall out. Until a reusable moving box craze sweeps the nation, most of us will be using cardboard boxes to transport our belongings.
Considering the amount of space that used moving boxes consume, it is really such a hassle if people do not know how to handle them properly.
With team names like Ace of Hearts, The Heartthrobs and The Beat Goes On, Extra Space Storage is helping to tackle our nation’s biggest killer – heart disease.


We believe in pledging to live healthier lifestyles, and in the crucial life-saving research conducted for heart health. You certainly can store your belongings and forget about them until you need them, but to be fully protected, storage insurance is a must. Self-storage properties don’t maintain insurance to cover your stored personal or business belongings.
While your homeowners insurance or renters insurance policies offer some coverage for belongings that you store at a self-storage facility, the coverage may not be enough for you. The Customer Protection Plan, available at your local Extra Space Storage property, gives you in-transit protection, flood protection, and affordable rates, along with a zero-dollar deductible. The Customer Protection Plan gives you greater protection for your stored belongings, along with a peace of mind you’ll love. With the Customer Protection Plan, you’ll be ready if damage occurs, and filing a claim is simple. 4, the self-storage REIT announced it had signed a deal to buy 17 storage facilities in Virginia for $200 million in cash. These 35 facilities are in 12 states, and contain about 23,600 units with 2.6 million square feet of rentable space. 4 announcement, Extra Space this year has purchased or is purchasing a total of 87 facilities for more than $730 million. Chris Sonne, executive managing director of the Self Storage Industry Group at commercial real estate firm Cushman & Wakefield, said the four self-storage REITs are “flush with cash” and prefer to buy existing facilities rather than build facilities from the ground up. The company has a track record of strong growth that it has maintained over several quarters, and is “firing on all cylinders” with its third-quarter results, according to an Oct. Street rates rose, while discounts to new customers declined, resulting in same-store revenue growth of 7.8 percent for the quarter.
However, the company is leveraging favorable market conditions along with its own strong operating platform to produce double-digit growth in funds from operations (FFO), an important financial yardstick for REITs. So far this year, the REIT has added 72 branded facilities to its third-party management program for a total of 253.
He first moved to Austin in 1999, when downtown Austin wasn't nearly as lively as it is today.
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This ‘sporting event’ with Boston favorite Manny Delcarmen promises great fun for the entire family.
And with 50% off for four months, Saturday, July 15th is the perfect time to commit to making a little extra space in your life. The properties comprise more than 425,000 units and 46 million square feet rented by over 340,000 tenants.
During a tour, award winners venture behind the scenes at the Corporate office and the Call Center.
I was so happy to meet all of the Extra Space Storage corporate employees and honored to have had the chance to meet with the founder, Ken Woolley,” commented CEO Team of Excellence award winner Jenny Ortiz, Store Manager. You can’t fake that kind of appreciation and it reinforced for me that ‘Making Extra Space Storage A Great Place to Work’ is a company goal that you continue to exceed in,” noted Kathleen Dunigan. While they’re enjoying a free trip to Salt Lake City, CEO Team of Excellence award winners are also honored at an awards dinner where they meet company executives. This is in addition to hosting all of the Town Hall Meetings across the country and visit days with sites and District Managers.
All employees are eligible for the Extra Space Storage quarterly employee awards, known as Mission Accomplished, EXTRAordinary Employee and Extra Mile. When I move, I usually need a few more boxes than I had anticipated, but once the unpacking starts, I can’t wait to get rid of the cardboard clutter.
And I get that it’s easy to feel tired or lazy after a move, but for inspiration to find a new home for your boxes, just think about how happy someone else will be to get them! We’re happy to participate in the Utah Heart & Stroke Walk, to be held on September 20.
The new goal of the American Heart Association isn’t just about reducing the risk of heart disease and stroke.


Yet, Extra Space Storage’s insurance broker offers storage insurance with low rates and no deductible! Also, the deductibles on many policies are very large, creating a financial burden when a claim is filed. With the Customer Protection Plan, your stored belongings are protected from damage caused by fire, smoke, water, wind, hail, vandalism, and other perils. That’s why the Customer Protection Plan offers the flexibility of add-ons for additional flood coverage beyond the standard $2,000 flood protection coverage. Refer to your certificate of insurance for complete information about coverage and exclusions. In general, Extra Space has been outbid by as much as 10 percent on marketed properties, Kirk said.
Excluding one-time acquisition charges, the company’s year-over-year FFO growth was 21 percent in the third quarter.
They also enjoy highlights of Utah, such as Olympic Park in Park City, the Capitol and Temple Square. I have to keep in mind that while the easiest solution may be to take the boxes to a recycling center, that’s not always the very best choice. If you allow someone else to use your cardboard moving boxes before they’re recycled, then you’re going the extra mile to conserve resources.
If you haven’t moved yet, you may be able to score some free boxes yourself by searching the ads for available boxes in your city or state.
Even though their service is limited to certain areas of California, I feel I must mention ZippGo, the company that delivers and picks up reusable plastic moving boxes. I read from an article that there are already moving crates which can be folded flat for better storage when not in use. The event, which will benefit the American Heart Association, has an overall fundraising goal of $300,000. While everyone loves a good (free) t-shirt, we’re not placing feet to pavement for the Heart Walk t-shirt. The 2020 Impact Goal of the American Heart Association is to help everyone build stronger health, plus a better quality of life. Yet, we see the event as a great, and mellow, way to take some steps toward better health for everyone. The insurance company covering our customers’ belongings paid over $4 million last year to cover losses. Plus, many policies don’t cover water damage from floods, storms, water main breaks or spills from another unit. And, since the Customer Protection Plan is a primary pay policy, you can use it to help cover deductibles required by your other insurance. In addition, California residents can purchase add-on coverage for earthquakes with no deductible. You’ll then contact a trained customer service representative who will guide you through the process. Stored vehicles must be insured by an auto insurance policy, and are not covered by the Customer Protection Plan.
The portfolio comprises about 14,000 units with about 1.5 million square feet of rentable space.
A consistent culture and message from the CEO down to the newest hired Team Member,” said CEO Team of Excellence award winner Shawn Nicolay, District Manager.
Their slogan is “The Green Moving Box,” and their boxes are literally green hued, but also they’re made from 100 percent recycled plastic. It’s a goal that applies to all – our customers, our property managers and team members, and anyone else! Some insurance policies may also leave your belongings unprotected during transit to storage.



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