Life Storage, Inc.
Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages self-storage properties throughout the United States. Headquartered in Buffalo, New York, the company employs over 1,600 people and operates approximately 700 self-storage facilities encompassing over 45 million square feet in 28 states.
Life Storage, Inc. currently operates under the brand name Life Storage®, and is one of the largest self-storage companies in the world. Prior to 2017, the company operated under the brand Uncle Bob’s Self Storage®.
Founded in 1982, the company was originally a financial planning firm but opened its first self-storage facility in Florida in 1985. Within three years, it owned approximately 30 facilities along the East Coast and accumulated 62 facilities over the next decade. Life Storage was originally known as Sovran Self Storage, Inc., operating under the brand name Uncle Bob’s Self Storage beginning in the late 1980s.
Life Storage went public on the New York Stock Exchange in 1995, trading under the name Sovran Self Storage. Within a year, it grew its holding to 111 self-storage facilities along the East Coast and Texas. Life Storage doubled to 222 facilities by 1999 and by 2003 operated in 21 states.
Life Storage continued its acquisitions throughout the United States, expanding into cities such as Chicago, New York, Atlanta, and St. Louis. It operated 478 facilities by the end of 2013 and 500 facilities by the end of 2014. It made its way to the West Coast in 2016, acquiring California-based LifeStorage LP.
The company rebranded from Sovran Self Storage, Inc. to Life Storage in 2016 and now trades on the New York Stock Exchange under the symbol LSI (formerly NYSE:SSS).
In 2017, the company rebranded its facilities to Life Storage – a name that more closely depicts the Company’s customer-centric focus, progressive growth, and innovative technologies.