REIT Prices Stock Offering

Published September 21, 2006, 2:00 p.m. EDT

1 Min Read

Extra Space Storage Inc., a Salt Lake City-based real estate investment trust, has priced a public offering of 10.5 million shares of common stock at $17 per share.The estimated net proceeds of $169.5 million will be used for debt repayment, property acquisition, and general business purposes, the REIT said. UBS Investment Bank and Banc of America Securities LLC were the joint book-running managers for the offering. The self-storage REIT can be found on the Web at http://www.extraspace.com.

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