Extra Space Storage® Announces Board Appointment
SALT LAKE CITY, Dec. 27, 2013
SALT LAKE CITY, Dec. 27, 2013 /PRNewswire/ -- Extra Space Storage Inc.
(NYSE:EXR) (the "Company") announced today that effective January 1, 2014,
Diane Olmstead will join the Company's Board of Directors.
Ms. Olmstead is Co-CEO of W3, which she co-founded in 2009 with Susan Sagy.
Ms. Olmstead oversees W3's acquisitions, financing activities, fundraising and
client relations. Ms. Olmstead has 32 years of direct experience in investing,
corporate finance and capital-raising. During that time, she has originated
and closed over$2 billion in loans, property acquisitions and joint ventures,
and has executed the workout and restructuring of $1.3 billion of real estate
Prior to founding W3, Ms. Olmstead was a principal at CIM Group from 2005 to
2009. Ms. Olmstead opened their San Francisco office where she headed
acquisitions and development in Northern California and the Pacific Northwest
and was a voting member of the Investment Committee. Prior to CIM Group, from
2000 to 2005, Ms. Olmstead was an Executive VP of iStar and responsible for
all activities in iStar's Western Region, including origination of structured
finance transactions and acquisition of triple net lease assets. From 1983 to
2000, Ms. Olmstead worked in positions of asset management, lending,
acquisitions and equity raising with Arthur Andersen LLP, USF&G Corporation,
Cigna Corporation, and Aetna Inc.
Ms. Olmstead received an MBA from Pepperdine University. She serves on the
board of Mercy Housing, Inc. and Synedgen, Inc. (a bio-tech company), and is a
member of the Urban Land Institute and the Policy Advisory Board of the Fisher
Center for Real Estate and Urban Development (U.C. Berkeley).
Certain information set forth in this release contains "forward-looking
statements" within the meaning of the federal securities laws, including,
without limitation, statements related to expected changes to the Company's
Board of Directors. In some cases, forward-looking statements can be
identified by terminology such as "believes," "expects," "estimates," "may,"
"will," "should," "would," "anticipates," or "intends" or the negative of such
terms or other comparable terminology. All forward-looking statements are
based upon our current expectations and various assumptions. Our expectations,
beliefs and assumptions are expressed in good faith and we believe there is a
reasonable basis for them, but there can be no assurance that management's
expectations, beliefs and assumptions will result or be achieved. There are a
number of risks and uncertainties that could cause our actual results to
differ materially from the forward-looking statements. All forward-looking
statements should be considered in light of the risks referenced in the "Risk
Factors" section included in our most recent Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q. Forward-looking statements apply only as of
the date of this release. We undertake no obligation to publicly update or
revise forward-looking statements to reflect events or circumstances after the
date of this release or to reflect the occurrence of unanticipated events.
About Extra Space Storage Inc.
Extra Space Storage Inc., headquartered in Salt Lake City, is a fully
integrated, self-administered and self-managed real estate investment trust.
As of September 30, 2013, the Company owned and/or operated 1,007 self-storage
properties in 35 states, Washington, D.C. and Puerto Rico. The Company's
properties comprise approximately 667,000 units and approximately 74.0 million
square feet of rentable space, offering customers a wide selection of
conveniently located and secure storage solutions across the country,
including boat storage, RV storage and business storage. The Company is the
second largest owner and/or operator of self-storage properties in the United
States and is the largest self-storage management company in the United
States. For more information, visit www.extraspace.com.
SOURCE Extra Space Storage Inc.
Contact: Clint Halverson, Extra Space Storage, 801-365-4600,
Press spacebar to pause and continue. Press esc to stop.