The McKinley Park Inn has been sold to Life Storage Inc., which will convert the property into a climate-controlled self storage center. Liberatore Management Group II LLC had owned the property. The deal is part of a $13 million project Life Storage has planned there with 111,000 square feet of self-storage space and about 850 units.
Life Storage (LSI) delivered FFO and revenue surprises of 7.84% and 4.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
BUFFALO, N.Y., August 03, 2022--Life Storage reports operating results for second quarter 2022. The Company operates more than 1,100 self-storage facilities in 36 states.