Public Storage has sent a proposal to Mark G. Barberio, Life Storage, Inc.’s chairman, and Joseph V. Saffire, Life Storage’s CEO, to acquire all outstanding shares and units of Life Storage in an all-stock transaction.
Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, N.Y., the company operates more than 1,100 storage facilities in 37 states and the District of Columbia