Investor Group Boosts Share in Storage Equities
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An investor group led by Public Storage Partners Ltd. has raised its stake in Storage Equities Inc. to 8.1% of the company’s stock.
Storage Equities, based in Glendale, is a real estate investment trust that invests mainly in self-storage warehouses affiliated with Public Storage Inc., a privately held concern that also is based in Glendale.
Public Storage Partners, in turn, includes several executives of the Public Storage system.
In a filing with the Securities and Exchange Commission, the group said it bought an additional 210,403 Storage Equities shares between Oct. 29 and Dec. 28, at prices ranging from $8.73 to $9.13 a share. The group now holds a total of 1.4 million shares for investment purposes.
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