Extra Space Storage Inc & Life Storage Inc: The real estate investment trust (REIT) will combine with smaller peer Life Storage in a $12.7 billion deal, a source familiar with the matter told Reuters. The all-stock deal will be for an implied price of $145.82 per Life Storage.
Yardi Matrix Self Storage Transaction Bulletin Storage investment activity is expected to remain light in the near-term due to uncertainty in pricing and yields. Storage property sales totaled $10.0 billion in 2022, down 18.7% from $12.3 billion in 2021, the all-time high.