Public Storage bought 44 Stor-All properties for $430 million
January 1, 2014- Stor-All completed the transaction on December 12th, 2013. This is Public Storage's largest acquisitions from privately held storage company.
Stor-All had storage facilities located all over the country. It has 7 facilities in Metro Atlanta, 4 in Denver, 1 in Charlotte, 6 in Northern Virginia and 26 in South Florida. The facilities consisted of more than 26,300 storage units.
Larry Anderson, Stor-All’s Co-CEO, said, "As a third generation family business, Jeff and I feel truly blessed to be able to realize and share the fruits of our labor with both of our fathers and family members, as well as our children, all of whom contributed so greatly to our success."
Stor-All is working on building new self-storage portfolio. It is currently developing new self-storage property in Vinings, Georgia. The facility will be inaugurated in the summer of 2014. Stor-All has closed on the purchase of an existing storage property currently under contract in Atlanta and Georgia.
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