posted on October 12, 2011 23:53
Sovran Self Storage Inc, a publicly traded self-storage real estate investment trust, has acquired 22 Texas self storage facilities for a total cost of $111 million, including 18 in Houston.
Three of the storage facilities are in Austin and one is in Dallas-Fort Worth.
The facilities encompass a total of 1.3 million square feet of net rentable storage space and will be re-branded under the Buffalo, N.Y., company's trade name, of Uncle Bob's Self Storage (NYSE: SSS).
9/23/11, Houston Business Journal