Extra Space Storage Inc., a leading owner and operator of self-storage properties, announced this week it has completed its acquisition of SmartStop Self Storage, Inc., a public, non-traded real estate investment trust. SmartStop stockholders approved the transaction at their shareholder meeting held on September 29, 2015. Stockholders received $13.75 per share in cash which represents a total purchase price of approximately $1.4 billion. As a result of the acquisition, Extra Space acquired SmartStop storage facilities in Florence, Walton, and Erlanger along with 162 other stores, assuming the property management of 43 stores previously managed by SmartStop. “We are excited about the...