BUFFALO, N.Y.–(BUSINESS WIRE)–$LSI #Harvey–Life Storage, Inc., (NYSE:LSI), announced today that 87 of its 95 Florida
properties are open for business. These represent a total of 5.8 million
sq. ft. and 56,000 storage spaces. Eight Life Storage properties remain
temporarily closed due primarily to power outages caused by Hurricane
Irma. Of these, seven stores are wholly owned by the Company and
represent 603,000 sq. ft. and 6,200 storage spaces. The 8th
location is a managed facility in which the Company has no ownership
interest. To date, the Company has identified two wholly owned
properties that have sustained heavy damage.
The Company also announced today that all 69 of its properties in Houston
Texas are now open and assisting customers. As previously announced, six
locations did sustain substantial damage from Hurricane Harvey; these
stores are open to support existing customers but will not be accepting
new customers until a later date.
“Our Florida and Southeast Texas-based teams have been accounted for and
for that, we are grateful,” said David Rogers, CEO. “We are thankful to
our customers for their patience during this most trying time, and we
are most proud of the Life Storage team members from around the country
who have volunteered to join our recovery efforts on the ground.”
ABOUT LIFE STORAGE, INC:
Storage, Inc. is a self-administered and self-managed equity REIT
that is in the business of acquiring and managing self storage
facilities. The Company is one of the largest operators in the world
with approximately 700 self storage facilities in 29 states. For more
information, visit http://invest.lifestorage.com/.
Life Storage, Inc.
Diane Piegza, 716-650-6115
Investor Relations & Community Affairs