Life Storage Board of Directors Unanimously Rejects Unsolicited Proposal from Public Storage

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Feb 16, 2023

Life+Storage%2C+Inc. (NYSE:LSI, Financial), a leading national owner and operator of self-storage properties, today announced that the Company’s Board of Directors unanimously concluded that the acquisition proposal submitted by Public Storage on February 5, 2023, significantly undervalues Life Storage and its prospects for future growth and value creation. This determination follows a comprehensive review process conducted by the Life Storage Board in consultation with its independent financial and legal advisors.