ROSEVILLE, CA—LifeStorage, LP, an owner, acquirer and operator of premier self-storage facilities, committed to creating easy and friendly customer experiences, has entered into a $100 million secured line of credit with Citigroup Global Markets to fund future acquisitions.
LifeStorage will use Citi's credit facility to support its growth strategy of acquiring premier properties in the top 50 markets across the U.S. LifeStorage clusters its facilities in strategic locations, enabling it to offer convenient and diverse storage choices to its customers.
Citi is providing a Secured Revolving Line of Credit to LifeStorage. Additional terms were not disclosed.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
