Storage Equities Plans to Sell Preferred Shares

Storage Equities, a Glendale real estate investment trust, registered with the Securities and Exchange Commission to offer up to 10 million preferred shares from time to time, with terms to be determined at the time of the sale.

The company said no specific offering is planned, but the shares might be issued to help pay for equity interests in mini-warehouses and other industrial or commercial properties it might acquire.