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As of March 28, 2024 the company owned and/or operated 3,714 locations in 43 states, and Washington, D.C. comprising approximately 2.6 million units 283.4 million square feet of net rentable space. [2] It is the largest owner of self storage units in the United States [3] and the largest self storage property manager. [4] [5]
Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
The move represents a ramped-up effort by Public Storage to acquire its smaller competitor, following the rejection of an earlier bid. [29] In April, Life Storage agreed to be acquired by Extra Space Storage for $12.7 billion. [30] The acquisition completed in July and became the largest self-storage space operator by store count in the U.S ...
As far as cloud storage goes, TeraBox offers the most free storage for photos or videos, with 1TB of space. This is enough to store 400,000 photos or 51,200 one-minute videos, according to the ...
Kenneth M. Woolley (50%) - founder and chief information officer (and former CEO) of Extra Space Storage. Woolley also co-owns Swift Air, another Part 121 carrier, in association with Swift Transportation, and is the owner of KMW Leasing, an aircraft leasing firm. Paul Kraus (50%) - owner of Jet Midwest Group, an aircraft leasing firm.
Within three months, the first location was breaking even with a 35 percent occupancy. [6] The units were rented for a similar price per square foot as apartments or office space, but cost 35 to 50 percent less to build and maintain. [6] [7] A property management subsidiary called Public Storage Management Inc. was formed in 1973.
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