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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
September 29, 2020
Date of Report (Date of Earliest Event Reported)
 
 
LIFE STORAGE, INC.
LIFE STORAGE LP
(Exact Name of Registrant as Specified in Its Charter)
 
 
 
Maryland
   
(Life Storage, Inc.)
  
1-13820
  
16-1194043
Delaware
        
(Life Storage LP)
  
0-24071
  
16-1481551
(State or Other Jurisdiction
Of Incorporation)
  
(Commission
File Number)
  
(I.R.S. Employer
Identification Number)
6467 Main Street
Williamsville, New York 14221
(Address of Principal Executive Offices)
(716) 633-1850
(Registrants’ Telephone Number, Including Area Code)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (
see
General Instruction A.2. below):
 
☐
Written Communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Life Storage, Inc.:
 
Title of each class
  
Trading
Symbol(s)
  
Name of each exchange
on which registered
Common Stock, $.01 par value
  
LSI
  
New York Stock Exchange
Life Storage LP:
 
Title of each class
  
Trading
Symbol(s)
  
Name of each exchange
on which registered
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of
the Securities Exchange Act of
1934 (§240.12b-2 of
this chapter).
Life Storage, Inc.:
Emerging growth company  ☐
Life Storage LP:
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Life Storage, Inc.  ☐
Life Storage LP  ☐
 
 
 
Item 8.01.
Other Matters.
On September 29, 2020, Life Storage, Inc. (“LSI”), through Life Storage LP, its operating partnership (the “Operating Partnership” and collectively with LSI, the “Company”), acquired twenty-five (25) properties comprising approximately 2.0 million square feet in New Jersey (6), Ohio (6), Texas (5), Pennsylvania (4), Florida (3), and Georgia (1) for a total purchase price of $326.7 million. Seventeen (17) of these properties were acquired from Sovran HHF Storage Holdings LLC, a joint venture in which the Company has a twenty percent (20%) common interest, and eight (8) of these properties were acquired from Sovran HHF Storage Holdings II LLC, a joint venture in which the Company has a fifteen percent (15%) common interest.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrants have duly caused this Report to be signed on their behalf by the undersigned, thereunto duly authorized.
 
   
LIFE STORAGE, INC.
Date: September 30, 2020      
    By  
/s/ Andrew J. Gregoire
    Name:   Andrew J. Gregoire
    Title:   Chief Financial Officer
   
LIFE STORAGE LP
Date: September 30, 2020     By:   LIFE STORAGE HOLDINGS, INC., as General Partner
    By  
/s/ Andrew J. Gregoire
    Name:   Andrew J. Gregoire
    Title:   Chief Financial Officer