Extra Space Storage Inc. is a self-storage real estate investment trust (REIT) that acquires, develops, owns and operates storage properties across the United States. The company’s facilities provide a variety of storage solutions, including traditional drive-up units, climate-controlled spaces, vehicle and boat storage, as well as business-oriented options such as document storage and warehouse overflow. With a focus on convenience and security, Extra Space Storage offers features like 24-hour video surveillance, electronic gates, online rental and payment capabilities, and insurance offerings to meet the needs of both individual and corporate customers.
Headquartered in Cottonwood Heights, Utah, Extra Space Storage operates hundreds of facilities in more than 40 states and the District of Columbia. Its portfolio encompasses a wide range of unit sizes, from small lockers to large units capable of housing furniture, equipment or vehicles. Many properties are situated in suburban and urban growth markets, ensuring broad geographic coverage and accessibility. The company also holds interests in third-party managed properties, extending its management expertise without direct ownership in select markets.
Founded in 1977 and publicly listed in March 2004 under the ticker symbol EXR, Extra Space Storage has grown through a combination of organic development and strategic acquisitions. Over the years, it has completed transactions with regional and national storage operators to expand its footprint and consolidate market share. This acquisition-driven growth strategy has enabled the company to benefit from economies of scale, operational efficiencies and enhanced brand recognition in the highly fragmented self-storage industry.
Leadership at Extra Space Storage comprises industry veterans who guide the company’s strategic direction and day-to-day operations. The board is chaired by David W. Beazer, and executive management is led by President and Chief Executive Officer Joseph D. Margolis. Under their stewardship, the company continues to invest in technology, customer service and property enhancements, aiming to deliver consistent occupancy, rental rate growth and long-term value for shareholders.
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