July 29, 2016 5:20 AM ET

Real Estate Management and Development

Company Overview of CubeSmart, L.P.

Company Overview

CubeSmart, L.P., a real estate company, is engaged in the acquisition, development, ownership, operation, and management of self-storage facilities in the United States. As of September 30, 2013, it owned 382 self-storage facilities covering approximately 25.8 million rentable square feet in 21 states, as well as in the District of Columbia; and managed 136 facilities for third parties in 25 states. CubeSmart operates as a general partner of the company. CubeSmart, L.P. is based in Wayne, Pennsylvania. CubeSmart, L.P. operates as a subsidiary of CubeSmart.

460 East Swedesford Road

Suite 3000

Wayne, PA 19087

United States

1,837 Employees

Phone:

610-293-5700

Key Executives for CubeSmart, L.P.

Chief Executive Officer of Cubesmart and Trustee of Cubesmart
Age: 51
Chief Financial Officer of Cubesmart and Principal Accounting Officer of Cubesmart
Age: 45
Vice President of Finance
Senior Vice President of Marketing
Age: 42
Compensation as of Fiscal Year 2016.

CubeSmart, L.P. Key Developments

CubeSmart Seeks Acquisitions

CubeSmart (NYSE:CUBE) intends to contribute the net proceeds from its recent offering of common shares to CubeSmart, L.P. which in turn intends to use the net proceeds from the offering for facility acquisitions along with other purposes such as repayment of outstanding debt, developments, joint ventures, capital expenditures, working capital and other general corporate purposes.

CubeSmart, L.P. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 03:00 PM

CubeSmart, L.P. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 03:00 PM. Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.

CubeSmart and CubeSmart, L.P. Enters into Third Amendment to Credit Agreement

On April 22, 2015, CubeSmart and CubeSmart, L.P., the limited partnership through which CubeSmart owns its assets and conducts its operations, entered into (i) a Third Amendment to Credit Agreement (the Third Amendment) with Wells Fargo Bank, National Association, as Administrative Agent and each of the lenders party to the Credit Agreement dated as of December 9, 2011 (as thereafter amended, the Credit Agreement) and (ii) a Fourth Amendment to Term Loan Agreement (the Fourth Amendment) with Wells Fargo Bank, National Association, as Administrative Agent and each of the lenders party to the Term Loan Agreement dated as of June 20, 2011 (as thereafter amended, the Term Loan Agreement). Capitalized terms used in the second paragraph herein shall have the meanings given in the Credit Agreement and capitalized terms used in the third paragraph herein shall have the meanings given in the Term Loan Agreement. Among other things, the Third Amendment (i) increases the aggregate amount of the Revolving Commitments from $300,000,000 to $500,000,000, (ii) extends the Termination Date for the Revolving Loans and Revolving Commitments from June 18, 2017 to April 22, 2020, (iii) increases the Swingline Commitment from $20,000,000 to $50,000,000, (iv) adjusts the Applicable Margin and Facility Fee with respect to Revolving Loans, and (v) amends the definition of Capitalization Rate and Development Property.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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