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A Public Storage facility in Los Angeles Public Storage in Ontario. Public Storage is the largest self-storage brand in the US. [2] As of 2022, there were 2,836 Public Storage locations in the United States. [23] There are 193 locations in Europe; European locations are operated by Shurgard Europe, which Public Storage owns 49 percent of.
Bradley Wayne Hughes (September 28, 1933 – August 18, 2021) was an American billionaire businessman, the founder and chairman of Public Storage, [1] the largest self-storage company in the U.S. doing business as a real estate investment trust (REIT). [2] At the time of his death, Hughes had an estimated net worth of US$3.3 billion. [3]
Public Storage operates storage facilities across the United States and Europe as a member of the S&P 500 and FT Global 500. [4] At present (2016), he is a member of the Board of Trustees of Public Storage, alongside his sister Tamara Gustavson. [5] In 2005, Hughes Jr. founded American Commercial Equities.
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The company was established in October 2012 by B. Wayne Hughes, the founder of Public Storage. [2] It was one of the first large public companies to begin investing heavily in single-family homes, following the entry of The Blackstone Group into the field in 2012. [3]
The move represents a ramped-up effort by Public Storage to acquire its smaller competitor, following the rejection of an earlier bid. [29] In April, Life Storage agreed to be acquired by Extra Space Storage for $12.7 billion. [30] The acquisition completed in July and became the largest self-storage space operator by store count in the U.S ...
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