Shurgard Eyes Strategic Options

Shurgard Storage Centers Inc., Seattle, has announced that its board of directors has authorized management and the company's financial advisers to explore strategic options that include the sale of all or part of the company's assets and operations.Other options include, but are not limited to, the formation of asset joint ventures and the continued implementation of Shurgard's business plan. Citigroup Global Markets Inc. and Banc of America Securities LLC are acting as financial advisers in connection with these matters, Shurgard said, and Willkie Farr & Gallagher LLP and Perkins Coie LLP are acting as legal counsel. Shurgard, a real estate investment trust, can be found on the Web at http://www.shurgard.com.

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS