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Sovran Self Storage, Inc. (NYSE:SSS) said May 19 that it has agreed to buy LifeStorage, LP, a privately owned self-storage operator, for approximately $ 1.3 billion in cash.
Sovran operates more than 550 self-storage facilities in 26 states under the name Uncle Bob’s Self Storage.
Inland Real Estate Corp. (NYSE: IRC), an owner of neighborhood, community and power shopping centers, said Dec. 15 that it has agreed to be purchased for approximately $ 2.3 billion by real estate funds managed by DRA Advisors LLC.
Upon completion of the all-cash transaction, which includes the assumption of existing debt, Inland will become a privately held REIT.
Student housing REIT Campus Crest Communities, Inc. (NYSE: CCG) announced Oct. 16 that it has agreed to be purchased by affiliates of the private equity firm Harrison Street Real Estate Capital, LLC in a deal valued at approximately $ 1.9 billion.
Multifamily REIT Home Properties, Inc. (NYSE: HME) said June 22 that it has agreed to be purchased by an affiliate of Lone Star Funds, a global private equity firm, in a deal valued at approximately $ 7.6 billion including debt.
Home Properties also said it agreed to contribute a portfolio of up to six properties containing up to 3,246 units to multifamily REIT UDR, Inc. (NYSE: UDR) in exchange for a combination of cash and newly issued units in a newly-formed subsidiary of UDR.