GLENDALE, Calif.--(BUSINESS WIRE)--Oct. 14, 2004--John Reyes,
Senior Vice President and CFO of Public Storage, Inc. (NYSE:PSA)
(PCX:PSA), announced that the Company had acquired this week 32
facilities at a total cost, including estimated closing and conversion
costs, of $121,500,000. The facilities are located in Minnesota, Texas
and Wisconsin and contain 2,064,000 net rentable square feet of space
in 14,873 rentable units.
Public Storage, Inc. 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 is located in Glendale, California. The Company's
self-storage properties are located in 37 states. At June 30, 2004,
the Company had interests in 1,415 storage facilities with
approximately 85.7 million net rentable square feet and 810,000
rentable units.
More information about Public Storage, Inc. is available on the
Internet.
CONTACT: Public Storage, Inc.Mr. John Reyes, 818-244-8080
www.publicstorage.com
SOURCE: Public Storage, Inc.