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Public Storage grew steadily in the early 2000s [20] and was added to the S&P 500 in 2005. [15] In 2006 it acquired Shurgard Storage Centers in a transaction totaling $5.5 billion, acquiring 624 locations, including 141 in Europe. [21] [22] Public Storage had attempted to acquire the company in 2000 and again in 2005, but its offers were rejected.
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.
The company was formed in 1990 as a division of Public Storage. [4]In 1998, the company was spun-off from its parent. [5]In 2002, the company acquired Metro Park North, a 17-building business park in Rockville, Maryland for $125 million.
Cloud storage offers a convenient way to back up important files and photos, and even to maximize your hard drive space to store files you really need, rather than those you only access once in a...
November retail sales grew at a faster pace than Wall Street analysts had expected, reflecting continued resilience in the American consumer and indicating that the holiday shopping season in the ...
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