Global Self Storage (NASDAQ: SELF), through its wholly owned subsidiaries, owns and operates a growing number of storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania and South Carolina. Marking its third and fourth acquisitions in five months, Global Self Storage recently acquired from Tuxis Corporation (OTC: TUXS) two self-storage facilities and a commercial property, bringing its total number of stores to 11. “The addition of these stores is expected to have an immediate accretive impact on our property revenues, net operating income and funds from operations,” company president and CEO Mark C. Winmill stated in the news release. “The expansion opportunity at the Millbrook property has the potential to further increase the store’s revenues and net operating income.” The recent transactions reflect the company’s acquisition/expansion strategy to capture its share of the $27 billion U.S. self storage market by focusing on areas where new development activity is less concentrated.
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About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company’s self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina, and Ohio. To learn more visit www.globalselfstorage.us
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