Life Storage Phasing Out REIT’s Uncle Bob Brand

August 22, 2016 · reit.com
Life Storage

For Life Storage, Inc. (NYSE:LSI), the summer of 2016 has been anything but a time to slow down and relax.

Executives from Life Storage, the REIT formerly known as Sovran Self Storage, Inc., rang the New York Stock Exchange closing bell on Aug. 16 to commemorate the company’s recent rebranding and new stock ticker symbol.

Sovran changed its name to Life Storage following its acquisition of LifeStorage, LP, a privately owned self-storage operator, in July for approximately $1.3 billion.

Multifamily REIT MAA Plans to Buy Post Properties in Near-$4 Billion Deal

August 15, 2016 · reit.com
MAA and Post Properties merger

MAA (NYSE: MAA) said Aug. 15 it intends to pay approximately $4 billion to acquire Post Properties, Inc., (NYSE:PPS) and create a multifamily REIT with a total market capitalization of around $17 billion.

GGP Piloting Digital Parking App

August 03, 2016 · reit.com

Shoppers at select General Growth Properties, Inc. (NYSE: GGP) malls across the country are testing a new app feature that uses heat maps enabled by GPS data to view parking availability closest to their food and retail destinations.

“Parking is the very first and very last engagement we have with our shoppers. We see great potential in our ability to develop innovative digital tools that create quality shopping experiences,” said Sandeep Mathrani, CEO of GGP.