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About
Extra Space Storage, Inc. is a real estate investment trust, which engages in the acquisition, operation, management, development, and redevelopment of professionally managed self-storage properties. It operates through the following segments: Rental Operations; Tenant Reinsurance; and Property Management, Acquisition, and Development. The Rental Operations segment includes lease operations of stores. The Tenant Reinsurance segment consists of reinsurance of risks relating to the loss of good stored by tenants in the firm's stores. The Property Management, Acquisition, and Development segment manages, owns, develops, and sells stores. The company was founded by Kenneth Musser Woolley on April 30, 2004 and is headquartered in Salt Lake City, UT. | |||
Description
Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. As of December 31, 2006, Extra Space Storage owned interests in 567 properties located in 32 states and Washington, D.C., as well as managed 74 properties owned by franchisees or third parties. As a REIT, the company would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1977 and is based in Salt Lake City, Utah. | |||
