GLENDALE, Calif.–(BUSINESS WIRE)–
Public Storage’s (PSA) affiliate, Shurgard Self Accumulator Europe S.a.r.l. (“Shurgard”), is because an antecedent accessible offering.
Public Accumulator acquired its absorption in Shurgard in August 2006 through the accretion of Shurgard Accumulator Centers, Inc. In March 2008, Accessible Accumulator awash 51% of its absorption in Shurgard to an institutional investor. Accessible Accumulator acts as the managing affiliate of the collective venture.
“Shurgard began developing European self-storage backdrop in 1995. It currently owns and operates over 220 self-storage accessories with over 12 actor net rentable aboveboard anxiety amid in Belgium, Denmark, France, Germany, Netherlands, Sweden and in the U.K.,” said Ron Havner, Chairman and Chief Executive Officer of Accessible Storage. “We accept the European bazaar presents accomplished advance opportunities,” added Havner.
THE SECURITIES THAT WOULD BE THE SUBJECT OF ANY OFFERING WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THE SECURITIES ACT OR PURSUANT TO AN APPLICABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS THEREUNDER.
About Accessible Storage
Public Storage, a affiliate of the S&P 500 and FT All-around 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. The Company’s address are amid in Glendale, California. At March 31, 2018, we had interests in 2,392 self-storage accessories amid in 38 states with approximately 159 million net rentable aboveboard anxiety in the United States and 223 storage accessories amid in seven Western European nations with approximately 12 million net rentable aboveboard anxiety operated beneath the “Shurgard” brand. We additionally own a 42% accepted disinterestedness absorption in PS Business Parks, Inc. (PSB) which endemic and operated about 28 actor rentable aboveboard anxiety of bartering amplitude at March 31, 2018.
Additional advice about Accessible Accumulator is accessible on our website, PublicStorage.com.
This columnist absolution contains advanced statements aural the acceptation of the Private Securities Action Reform Act of 1995. All statements in this columnist release, added than statements of absolute fact, are advanced statements which may be articular by the use of the words “expects,” “believes,” “anticipates,” “should,” “estimates” and agnate expressions. These advanced statements absorb accepted and alien risks and uncertainties, which may account our absolute after-effects and achievement to be materially altered from those bidding or adumbrated in the advanced statements. Factors and risks that may appulse approaching after-effects and achievement include, but are not bound to, those declared in Part 1, Item 1A, “Risk Factors” in our best contempo Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 1, 2018 and in our added filings with the SEC and the following: accepted risks associated with the buying and operation of absolute estate, including changes in demand, accident accompanying to development of self-storage facilities, abeyant accountability for ecology contamination, accustomed disasters and adverse changes in laws and regulations administering acreage tax, absolute acreage and zoning; risks associated with downturns in the civic and bounded economies in the markets in which we operate, including risks accompanying to accepted bread-and-er altitude and the bread-and-er bloom of our customers; the appulse of antagonism from new and absolute self-storage and bartering accessories and added accumulator alternatives; difficulties in our adeptness to auspiciously evaluate, finance, accommodate into our absolute operations and administer acquired and developed properties; risks associated with all-embracing operations including, but not bound to, abortive adopted bill amount fluctuations, changes in tax laws, and bounded and all-around bread-and-er ambiguity that could abnormally affect our balance and banknote flows; risks accompanying to our accord in collective ventures; the appulse of the authoritative ambiance as able-bodied as national, accompaniment and bounded laws and regulations including, afterwards limitation, those administering environmental, taxes, our addressee reinsurance business and labor, and risks accompanying to the appulse of new laws and regulations; risks of added tax amount associated either with a accessible abortion by us to authorize as a REIT, or with challenges to the assurance of taxable assets for our taxable REIT subsidiaries; changes in federal or accompaniment tax laws accompanying to the taxation of REITs and added corporations; aegis breaches or a abortion of our networks, systems or technology could abnormally appulse our business, chump and agent relationships; risks associated with the self-insurance of assertive business risks, including acreage and blow insurance, agent bloom allowance and workers advantage liabilities; difficulties in adopting basic at a reasonable cost; delays in the development process; advancing action and added acknowledged and authoritative accomplishments which may alter management’s time and attention, crave us to pay amercement and costs or bind the operation of our business; and bread-and-er ambiguity due to the appulse of war or terrorism. These advanced statements allege alone as of the date of this columnist release. All of our advanced statements, including those in this columnist release, are able in their absoluteness by this statement. We especially abandon any obligation to amend about or contrarily alter any advanced statements, whether as a aftereffect of new information, new estimates, or added factors, contest or affairs afterwards the date of this columnist release, except area especially appropriate by law. Given these risks and uncertainties, you should not await on any advanced statements in this columnist release, or which administration may accomplish orally or in autograph from time to time, as predictions of approaching contest nor guarantees of approaching performance.
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