Uncle Bob's Self Storage
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| Public | |
| Traded as | : LSI S&P 400 Component |
| Industry | Real estate investment trust |
| Founded | 1982 (as Sovran Self Storage) |
| Headquarters | Williamsville, New York, United States |
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Key people
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Robert J. Attea (Chairman) Kenneth F. Myszka (President) David Rogers (CEO) Andrew Gregoire (CFO) Paul Powell (CIO) Edward Killeen (COO) |
| Products | Self storage |
| Services |
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| Website | Official website |
Life Storage (formerly Sovran Self Storage and formerly branded as Uncle Bob's Self Storage) is a self storage company and real estate investment trust (REIT) based in Williamsville, New York. The company operates over 650 self storage locations throughout the United States. In 2016, the former Sovran Self Storage acquired LifeStorage LP and subsequently rebranded itself as "Life Storage." Each facility has also undergone a name change from Uncle Bob's Self Storage to Life Storage. As of 2016, Life Storage is the fifth-largest self storage operator in the world. It trades on the using the ticker symbol LSI.
The first incarnation of the company, Sovran Self Storage, was founded in 1982 as a financial planning firm in Buffalo, New York. In 1985, the company opened its first self storage facility in Florida and had accumulated around 30 such facilities on the East Coast within three years. Over the course of the next decade, the company accumulated 62 self storage facilities throughout the United States, rebranding each to Uncle Bob's Self Storage under former CEO and Executive Chairman, Robert J. Attea.
The company completed its initial public offering on June 26, 1995 with 5.89 million shares. It began trading on the under the ticker symbol, SSS. By the end of 1996, the company operated 111 self storage facilities in 15 East Coast states and Texas. By 1999, the number of facilities had increased to 222, all of which used the Uncle Bob's name. Five years later, the company operated facilities in 21 states.
In 2012, former CFO David Rogers was appointed CEO of the company, replacing Robert J. Attea, who remained Executive Chairman.
At the end of 2013, the company operated around 478 facilities in 25 states. It continued purchasing and operating facilities in a wide variety of markets including Chicago, St. Louis, Greater New York City, Atlanta, and others. By the end of 2014, the company operated over 500 facilities in 25 states.
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Wikipedia