Press Release - Puerto Rico Acquisition

 

ORLANDO, Fla. – OB Companies/Simply Self Storage, a diversified real estate developer of self storage businesses, announced that it has acquired a self storage portfolio of 4 properties in Puerto Rico.

Simply Self Storage acquired the portfolio in August of 2006. The portfolio consisted of 333,183 rentable square feet and 3,576 units on the island.

In addition, Simply Self Storage currently has another 74 properties under contract that will close by year end making it the largest private self storage owner in the country.

“We have been successful in the United States with the development and acquisition of multiple self storage properties,” said Kurt O’Brien, CEO of OB Companies. “This purchase is a natural progression within our business model.”

OB Companies/Simply Self Storage, based in Orlando, FL., has offices and businesses in Indiana, Illinois, Michigan, Missouri, New Jersey, Pennsylvania, Kansas, Kentucky, Ohio, Georgia, Puerto Rico, and Florida. OB Companies/Simply Self Storage has over 4.9 million square feet of storage space at 82 current/development facilities. A diversified corporation, OB Companies/Simply Self Storage operates profitably in self storage, commercial real estate, retail and office construction.

For further information, please contact Jessica Wolf at OB Companies/Simply Self Storage, jwolf@obcompanies.com.


Kurt O’Brien
Chief Executive Officer
OB Companies/Simply Self Storage LLC
7932 W. Sand Lake Rd., Suite 108
Orlando, FL 32819
407-248-7878 – Phone
407-248-9048 - Fax