Led · Equity · Oct 2014

LifeStorage is an owner, acquirer and operator of premier self-storage facilities focused on creating easy and friendly customer experiences. It offers climate-controlled units, drive-in access, and value-added services such as fully furnished office spaces and meeting rooms, and emphasizes high security, cleanliness and a retail-like environment. The company clusters facilities in strategic locations and applies rigorous selection criteria when acquiring properties. Founded in 2011 and headquartered in Roseville, CA, LifeStorage owned, had under purchase agreement and operated 78 properties in 9 states as of September 30, 2014. LifeStorage will use a $120M investment from TPG Real Estate to support its acquisition strategy in the top 50 U.S. markets and accelerate growth. The company also announced a follow-on investment from Jasper Ridge Partners and recently secured a $100M revolving line of credit from Citigroup Global Markets.