Life Storage began in 1982 as Sovran Storage, a financial planning firm that invested in storage units.
By 1985, the company had built its own self-storage facility and within 3 years, it had accumulated about 30 facilities.
By 1995, the company had rebranded as Uncle Bob’s Self-Storage and expanded to 62 self-storage facilities.
In 2016, the company acquired Life Storage for $1.3 billion. Following this acquisition, the company rebranded all units to the Life Storage name.
Life Storage is listed on the NYSE under the ticker symbol LSI.
In February 2023, Public Storage announced that it would make a bid for Life Storage at $11 billion. Public Storage had tried earlier to acquire Life Storage but was unsuccessful.
As of 2023, Life Storage had more than 1,100 facilities in 37 states.
Life Storage maintains a corporate office in Buffalo, New York.
Life Storage began in 1982 as Sovran Storage, a financial planning firm that invested in storage units.
By 1985, the company had built its own self-storage facility and within 3 years, it had accumulated about 30 facilities.
By 1995, the company had rebranded as Uncle Bob’s Self-Storage and expanded to 62 self-storage facilities.
History
In 2016, the company acquired Life Storage for $1.3 billion. Following this acquisition, the company rebranded all units to the Life Storage name.
Life Storage is listed on the NYSE under the ticker symbol LSI.
In February 2023, Public Storage announced that it would make a bid for Life Storage at $11 billion. Public Storage had tried earlier to acquire Life Storage but was unsuccessful.
As of 2023, Life Storage had more than 1,100 facilities in 37 states.
Life Storage maintains a corporate office in Buffalo, New York.
