Public Storage

Public Storage is an American international self-storage company headquartered in Glendale, California, run as a real estate investment trust (REIT). It is the largest brand of self-storage services in the US. In 2008, it was the largest of four publicly traded storage REITs. More than 2,200 Public Storage self-storage locations exist in the US, Canada, and Europe. It also owns 42 percent of an office parks subsidiary, sells packing supplies, and provides other services. As a REIT, it is owned by real estate investors, who receive more than 90 percent of the company's profits as a return on investment.

Public Storage Inc. was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. It grew to 1,000 locations by 1989, using funding from investors in real estate limited partnerships (RELPs). The private company was re-structured as a publicly traded REIT in 1995 when Storage Equities merged with Public Storage and adopted its name. In 2006 it acquired Shurgard Storage Centers in a $5.5 billion transaction. Shurgard has since been spun-out into a separate publicly traded entity, with Public Storage retaining 36.6% of the company.

Public Storage is an American self-storage company that was founded in August 1972 by B. Wayne Hughes and Kenneth Volk with a $50,000 initial investment. Originally called "Private Storage Spaces Inc.," the company's first warehouse was built in El Cajon, California, in the same year it was founded. By 1974, Public Storage had built 20 locations and in 1975, the company's own real estate limited partnership (RELP), called Public Storage Partners Ltd, was formed.

The company's RELP triggered its growth in 1977, and in 1979, there were 3,500 mini-warehouses in operation in the United States. Public Storage founded Storage Equities in 1980 to purchase self-storage facilities and organized PS Business Parks as a division in 1986. By 1991, Public Storage had set up over 150 RELPs and real estate investment trusts (REITs).

In 1995, Public Storage and its subsidiaries merged with its self-storage REIT, Storage Equities Inc., and re-structured as a single REIT called Public Storage Inc. The company continued to grow, acquiring Storage Trust Realty in 1998, with $141 million in quarterly revenues, $2 billion in assets, and 1,200 facilities in 38 states.

In 2000, Public Storage began investing heavily in Shurgard Storage Centers, becoming the company's largest shareholder by early April with a roughly $50 million investment. Hughes acquired the property in 2004, and in 2006, Public Storage acquired Shurgard Storage Centers in a transaction totaling $5.5 billion, which included 624 locations, including 141 in Europe.

Public Storage continued to make numerous acquisitions, such as the purchase of 30 locations from A-American Self Storage in March 2010. As of December 31, 2017, Public Storage owned 222 facilities in Europe in seven countries: Belgium, Denmark, France, Germany, Netherlands, Sweden, and the United Kingdom. In 2017, the company generated revenue of more than $2.5 billion.

The mission of Public Storage is to provide convenient and secure storage solutions that help people simplify their lives and businesses run more efficiently. The company's goal is to offer customers a clean, safe, and reliable storage experience at an affordable price.

Public Storage aims to provide storage solutions that meet the diverse needs of its customers. Whether it's a temporary storage space during a move or a long-term storage solution for business inventory, Public Storage strives to offer flexible and customizable storage options.

In addition to providing high-quality storage units, Public Storage is committed to delivering exceptional customer service. The company's employees are trained to provide friendly and professional service, and are available to answer any questions or concerns that customers may have.

Public Storage also values environmental sustainability and has implemented initiatives to reduce its environmental footprint. The company uses energy-efficient lighting, recycles waste materials, and encourages customers to use eco-friendly moving supplies.

The vision of Public Storage is to be the leading provider of self-storage solutions in the world, recognized for its commitment to excellence in customer service, innovation, and environmental sustainability.

Public Storage's vision is focused on its customers, and the company aims to continue to provide them with a high-quality, hassle-free storage experience. The company's vision also emphasizes its commitment to innovation, seeking to stay at the forefront of the industry with cutting-edge technology and storage solutions.

Environmental sustainability is also a key part of Public Storage's vision. The company recognizes the importance of protecting the environment and has implemented initiatives to reduce its carbon footprint, conserve natural resources, and promote sustainability.

Self-storage units: Public Storage offers a variety of self-storage units in different sizes to meet the needs of its customers. Customers can choose from indoor, outdoor, climate-controlled, and drive-up units.

Vehicle storage: Public Storage also offers vehicle storage options for cars, boats, RVs, and other vehicles.

Business storage: Public Storage provides storage solutions for businesses, including inventory storage, equipment storage, and document storage.

Moving supplies: Public Storage sells moving supplies such as boxes, tape, and packing materials to help customers prepare for their move.

Online rental and payment: Public Storage offers an online platform that allows customers to rent a storage unit, manage their account, and make payments online.

24/7 access: Public Storage provides 24/7 access to its storage units, allowing customers to access their belongings whenever they need to.

Security features: Public Storage units are equipped with security features such as surveillance cameras, electronic gates, and on-site management to ensure the safety of customers' belongings.

Insurance options: Public Storage offers insurance options to provide customers with additional protection for their stored items.