Public Storage Reopens Access to Houston Properties and Opens its 116th Houston Property

9/4/17

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that all 115 properties previously closed due to severe weather conditions related to Hurricane Harvey have been reopened. These properties cover 8.4 million net rentable square feet and over 77,500 units in the Houston and surrounding areas. Our dedicated hotline for those impacted by Hurricane Harvey remains open for any customer who would like to speak to a Public Storage Team Member: (866) 381-0515.

“We are thankful for our loyal customers and the extraordinary efforts by the Public Storage team members on the ground who have worked tirelessly to restore service to our customers,” said Joseph D. Russell, Jr., President of Public Storage.

In addition, Public Storage is pleased to announce the opening of its 116th facility in Houston, located at US-290 and Mueschke Road in Cypress, Texas. This property is a 2,064 unit three-story state of the art climate-controlled storage facility with 194,000 net rentable square feet.

Company Information

Public Storage, a member of the S&P 500 and FT Global 500, is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Company’s headquarters are located in Glendale, California. At June 30, 2017, the Company had interests in 2,358 self-storage facilities located in 38 states with approximately 156 million net rentable square feet in the United States and 220 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the “Shurgard” brand. The Company also owns a 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space, primarily flex, multi-tenant office and industrial space, at June 30, 2017.

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