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Sovran Self Storage Acquires LifeStorage for $1.3 Billion

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Sovran Self Storage Inc. completed its acquisition of LifeStorage LP, a privately-owned self-storage operator, for $1.3 billion.

Following its acquisition, Buffalo, NY-based Sovran Self Storage plans to rebrand its 563 storage facilities it currently operates as Uncle Bob’s to Life Storage. The REIT also plans to change its corporate name from Sovran Self Storage to Life Storage Inc. and its ticker symbol on the New York Stock Exchange from SSS…

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