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|Extra Space Storage Inc. Announces Offering of 5,200,000 Shares of Common Stock|
The Company intends to use the net proceeds of this offering to fund its acquisition of 28 properties that are under contract or letter of intent with an aggregate purchase price of
These pending acquisitions are subject to the completion of the Company's due diligence, the satisfaction of other closing conditions and, in the case of the acquisition of the joint venture partner's interest, the negotiation and execution of a definitive purchase agreement. The Company intends to close each of these acquisitions by
An automatic shelf registration statement and preliminary prospectus supplement relating to these securities were previously filed with the
This release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.
The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from
Certain information set forth in this release contains "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, statements related to the completion, timing and size of the proposed offering of securities by the Company, the use of net proceeds therefrom, and the terms, timing and completion of the acquisitions described above. In some cases, forward-looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "would," "anticipates," or "intends" or the negative of such terms or other comparable terminology. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them, but there can be no assurance that management's expectations, beliefs and projections will result or be achieved. There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements. All forward-looking statements should be considered in light of the risks referenced in the "Risk Factors" section included in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements apply only as of the date of this release. We undertake no obligation to publicly update or revise forward-looking statements which may be made to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Clint Halverson, Extra Space Storage Inc., +1-801-365-4597