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LifeStorage Secures $100M Acquisition Line

ROSEVILLE, CA—Line of credit from Citigroup Global Markets will help fund land and facilities acquisitions.

By David Phillips | Updated on September 10, 2014

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. 

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