Public Storage appoints Wade Sheek as new Chief Legal Officer
Sheek brings over 25 years of executive legal leadership. He will advise on governance, M&A, and compliance.
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Self-storage and vehicle storage company
publicstorage.comLast updated
In short: Public Storage entered the PS4.0 growth era by acquiring National Storage Affiliates for $10.5 billion and moving its HQ to Texas.
Sheek brings over 25 years of executive legal leadership. He will advise on governance, M&A, and compliance.
The acquisition adds over 1,000 properties and is expected to be accretive to FFO per share within first year.
The transaction is expected to close on July 22, 2026, subject to customary conditions.
The notes, issued in two tranches, have a weighted average effective interest rate of 4.855%.
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