Public Storage

White Oak Real Estate Capital and Thorofare Team Up on Tribeca Self-Storage Conversion

Retrieved on: 
Jeudi, mai 30, 2024
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Partnership, Radius, White, Walker, SF, Public Storage, CBRE, Acquisition, Principal, Self storage

White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors, and Thorofare Capital today announced a $21.5 million two-year, floating rate senior loan for the acquisition and conversion of 78 Walker Street into a Class A, self-storage facility to-be operated by Public Storage.

Key Points: 
  • White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors, and Thorofare Capital today announced a $21.5 million two-year, floating rate senior loan for the acquisition and conversion of 78 Walker Street into a Class A, self-storage facility to-be operated by Public Storage.
  • The loan was used to fund the acquisition of the eight-story property in the Tribeca neighborhood of Manhattan and includes future funding towards the construction and lease-up of the facility.
  • Public Storage, the largest public self-storage REIT, will be operating and managing the facility after its completion.
  • That loan was used for the lease-up of a newly expanded facility on the North Fork of Long Island.

Public Storage Declares Second Quarter 2024 Dividends

Retrieved on: 
Mercredi, mai 8, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Public Storage, PSA, Trustee, Storage

Public Storage (NYSE:PSA) announced today that on May 8, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share.

Key Points: 
  • Public Storage (NYSE:PSA) announced today that on May 8, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share.
  • The Board also declared dividends with respect to our various series of preferred shares.
  • All the dividends are payable on June 27, 2024, to shareholders of record as of June 12, 2024.

Public Storage Prices Public Offering of Senior Notes

Retrieved on: 
Mardi, avril 9, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Debt-to-GDP ratio, Sale, Prospectus, Storage, Public Storage, Compound, Security (finance), PSA, Brussels Stock Exchange, FT, Morgan Stanley, EDGAR, European, Note

Public Storage (NYSE:PSA, the “Company”) announced today that the Company’s subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $1.0 billion aggregate principal amount of senior notes (the “Notes”).

Key Points: 
  • Public Storage (NYSE:PSA, the “Company”) announced today that the Company’s subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $1.0 billion aggregate principal amount of senior notes (the “Notes”).
  • The Notes will be issued in two tranches with an initial weighted average interest rate of approximately 5.8%.
  • The 2053 notes constitute a further issuance of, and form a single series with, PSOC’s previously issued 5.350% Senior Notes due 2053, $600 million of which are currently outstanding.
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.

Public Storage to Release First Quarter 2024 Earnings Results and Host Quarterly Conference Call

Retrieved on: 
Jeudi, avril 4, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Storage, Brussels Stock Exchange, Public Storage, European, FT

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.

Key Points: 
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.
  • At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard® brand.
  • Our headquarters are located in Glendale, California.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240404067729/en/

Lithium South Completes 400 Meter Pumping Well at Alba Sabrina

Retrieved on: 
Jeudi, mars 14, 2024
Lithium, Temperature, CPG, National instrument, Porosity, Public Storage

VANCOUVER, B.C., March 14, 2024 /PRNewswire/ -- Lithium South Development Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) Lithium South Development is pleased to announce the completion of the first pumping well at the 2,089-hectare Alba Sabrina claim block located in Salta Province, Argentina.

Key Points: 
  • VANCOUVER, B.C., March 14, 2024 /PRNewswire/ -- Lithium South Development Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) Lithium South Development is pleased to announce the completion of the first pumping well at the 2,089-hectare Alba Sabrina claim block located in Salta Province, Argentina.
  • The Alba Sabrina claim is the largest of the five, salar located claim blocks which total 3,287-hectares of the 5,687-hectare Hombre Muerto North Lithium Project (HMN Lithium Project) package.
  • Pumping well PW23-AS-02 has been completed to 400 meters of depth and has encountered sand layers as the dominant texture throughout.
  • "We are excited to announce the successful drill completion of pumping well PW23-AS-02 to 400 meters of depth," states Adrian Hobkirk, CEO at Lithium South Development.

Public Storage Declares First Quarter 2024 Dividends

Retrieved on: 
Vendredi, février 23, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Brussels Stock Exchange, European, Storage, FT, Public Storage, Trustee, PSA

Public Storage (NYSE:PSA) announced today that on February 23, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share.

Key Points: 
  • Public Storage (NYSE:PSA) announced today that on February 23, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share.
  • The Board also declared dividends with respect to our various series of preferred shares.
  • All the dividends are payable on March 28, 2024, to shareholders of record as of March 13, 2024.
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.

Manhattan Mini Storage Takes Over Management of Former Public Storage On West 29th Street

Retrieved on: 
Mardi, mars 5, 2024
29th Street, Acquisition, Pennsylvania Station, Senior, Manhattan Mini Storage, Lon Burnam, Public Storage, Asset management, Electronics, Knowledge, Environment, Partnership

NEW YORK, March 5, 2024 /PRNewswire/ -- Manhattan Mini Storage, the largest storage provider in New York City, proudly announces that the former Public Storage building at 155 West 29th Street is now managed and operated by Manhattan Mini Storage.

Key Points: 
  • NEW YORK, March 5, 2024 /PRNewswire/ -- Manhattan Mini Storage, the largest storage provider in New York City, proudly announces that the former Public Storage building at 155 West 29th Street is now managed and operated by Manhattan Mini Storage.
  • The addition of this property to the Manhattan Mini Storage brand marks the twenty-first location in the boroughs with eighteen properties in Manhattan, two in Brooklyn, and one in Queens.
  • Manhattan Mini Storage takes over former Public Storage on 29th Street in New York City, NY.
  • Manhattan Mini Storage on 29th St has made the following enhancements:
    Alex Burnam, Senior Vice President for Manhattan Mini Storage, expressed enthusiasm for this newest acquisition , "Manhattan Mini Storage is as New York as it gets when it comes to living in the city.

Public Storage to Release Fourth Quarter 2023 Earnings Results and Host Quarterly Conference Call

Retrieved on: 
Mercredi, janvier 31, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Brussels Stock Exchange, Storage, European, FT, Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.

Key Points: 
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.
  • At September 30, 2023, we had: (i) interests in 3,028 self-storage facilities located in 40 states with approximately 217 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels:SHUR), which owned 267 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard® brand.
  • Our headquarters are located in Glendale, California.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240131003404/en/

Public Storage Announces Tax Treatment of 2023 Dividends

Retrieved on: 
Mercredi, janvier 17, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Classification, Brussels Stock Exchange, Public Storage, European, FT

The ordinary dividends are not “qualified dividend income.” For shareholders other than corporations, the ordinary dividends are “qualified REIT dividends” in determining qualified business income.

Key Points: 
  • The ordinary dividends are not “qualified dividend income.” For shareholders other than corporations, the ordinary dividends are “qualified REIT dividends” in determining qualified business income.
  • This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed.
  • The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company’s distributions.
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.

Highline Storage Partners Hires Digital Marketing Veteran Craig Olinger to Join Executive Team to Support Continued Growth

Retrieved on: 
Mercredi, janvier 24, 2024
Diamond, Social media, Digital marketing, Hilton Grand Vacations, Simply Self Storage, Public Storage, CIO, Digital, Acquisition, Marketing, Diamond Resorts, Cryptocurrency

BIRMINGHAM, Ala., Jan. 24, 2024 /PRNewswire-PRWeb/ -- Highline Storage Partners ("Highline"), an affiliate of Highline Real Estate Partners, announced that it has hired Craig Olinger as its Chief Marketing Officer. Mr. Olinger was most recently with Public Storage since its acquisition of Simply Self Storage in September 2023, prior to which he was Senior Vice President of Digital Marketing at Simply Self Storage (Blackstone's wholly owned self-storage investment platform).

Key Points: 
  • Highline Storage Partners ("Highline"), an affiliate of Highline Real Estate Partners, announced that it has hired Craig Olinger as its Chief Marketing Officer.
  • BIRMINGHAM, Ala., Jan. 24, 2024 /PRNewswire-PRWeb/ -- Highline Storage Partners ("Highline"), an affiliate of Highline Real Estate Partners, announced that it has hired Craig Olinger as its Chief Marketing Officer.
  • "We are thrilled to welcome Craig Olinger to our Highline Storage Partners executive team," said Key Foster, CEO of Highline Storage Partners.
  • "Highline Storage Partners and USA Storage Centers have done a fantastic job of growing their portfolio over the past four years.