Simply Self Storage Secures Another $100M in Equity

OB Companies/Simply Self Storage, a diversified real estate developer that recently acquired a 48-property portfolio from EZ Storage, secured another $100 million of equity from an unnamed source. The company says this equity, along with good terms on debt financing, should allow it to purchase another $600 million in storage properties in 2007.

Based in Orlando, Fla., the company is quickly becoming one of the largest non-public storage operators in the United States, with more than 10 million square feet of space and offices or projects in 17 states. Simply Self Storage is owned by OB Companies. It operates more than 10 million square feet of storage space and has offices or projects in 17 states. For more information, call 407.248.7878; e-mail [email protected]; visit www.obcompanies.com.