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July 8, 2002 BUFFALO, N.Y. – Sovran Self Storage Inc. (NYSE: SSS) has agreed to issue $70 million of series C convertible cumulative preferred stock to Prudential Real Estate Investors, Teachers Insurance and other institutional investors.Sovran also issued warrants to ...
The REIT has agreed to pay $62 million for a 74 percent interest in Morningstar, which owns self-storage properties in the Carolinas. To fund the acquisition, Shurgard is selling 2.5 million shares of class-A common stock at $34.50/share.
June 10, 2002 ProLogis (NYSE:PLD) has sold its cold storage operations in Spain and Italy to a Spanish conglomerate for 23 million euros ($21.6 million).The sale is part of the Denver-based company's plan, disclosed early this year, to sell about ...
May 23, 2002SAN JACINTO, Calif. – Broadleaf Capital Partners Inc. (OTCBB:BDLF), an investment holding company that recently changed its name from Peacock Financial Corp., has formed a subsidiary to invest in U.S. storage facilities.The unit, Storage Suites America, will buy, ...
March 22, 2002 NEW YORK – Despite a nearly two-thirds exposure to the highly volatile hotel and cold storage sectors, GS Mortgage Securities Corp. II, 1998-GL II, has had its ratings affirmed by Moody's Investors Service.The transaction, which now totals ...
March 15, 2002 DENVER – ProLogis (NYSE:PLD) has completed the sale of two of its European cold-storage operations for $102 million.The operations sold comprise 37.8 million cubic feet of space. The company had previously announced that it was negotiating to ...
March 11, 2002 Prudential Mortgage Capital has provided a $9.15 million loan secured by a 204-unit garden apartment complex in Columbia, S.C., and an $8.75 million loan for six self-storage properties throughout Georgia.The 10-year, $9.15 million loan, which has a ...
February 22, 2002 Commercial Real Estate Direct Staff ReportSovran Self Storage (NYSE:SSS) will seek to sell up to $30 million of properties this year to joint ventures it plans to form.The ventures will be similar to the REIT's Locke Sovran ...
February 21, 2002 GMAC Commercial Mortgage Corp. has provided $30.5 million of fixed-rate, permanent financing for a portfolio of 11 self-storage facilities owned by Sovran Self Storage (NYSE:SSS).The financing amortizes over 30 years.The mortgages were secured by 11 self-storage properties ...
February 14, 2002 GLENDALE, Calif. – Public Storage (NYSE:PSA) will raise $150 million from the sale of 6 million depositary shares.Each share represents 1/1,000 of a share of 7.625 percent cumulative preferred stock series U.Salomon Smith Barney Inc. acted as ...
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