GLENDALE, Calif.--(BUSINESS WIRE)--
It is with great sadness that we announce the passing of Harvey Lenkin,
former President and Director of Public Storage (NYSE:PSA) and a former
Director of PS Business Parks (NYSE:PSB).
Harvey was a leader. He joined Public Storage in 1978 as President of
management operations. At that time, the self-storage industry was in
its infancy. Harvey was instrumental in leading the Company’s growth
from 36 properties when he joined to over 2,000 properties. Harvey
helped organize the trade groups that established basic operational
procedures and drafted the multi-state legislation that the industry
still follows today.
In 1991, Harvey became President and Director of Public Storage. His
contributions were numerous, including the first issuance of preferred
stock by a REIT (1992), the conversion of Public Storage into a public
company (1995) and the merger with Storage Trust (1999). Harvey retired
as President in 2005, but was instrumental in the Shurgard merger
(2006). He was also responsible for the founding of PS Business Parks
(1998) and a Director until 2011.
Within the REIT industry, Harvey was an active participant in many
industry events and a member of the Executive Committee of the NAREIT
Board of Directors.
Harvey “bled orange.” A one-of-a-kind individual and a legend at Public
Storage, he was a leader, mentor and friend to all.
Harvey is survived by his wife, Heather, and five children.
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 September 30, 2013, the Company had interests in 2,110
self-storage facilities located in 38 states with approximately 135
million net rentable square feet in the United States and 188 storage
facilities located in seven Western European nations with approximately
ten million net rentable square feet operated under the “Shurgard”
brand. The Company also owns a 43% common equity interest in PS Business
Parks, Inc. (NYSE:PSB) which owned and operated approximately 28.6
million rentable square feet of commercial space, primarily flex,
multi-tenant office and industrial space, at September 30, 2013.
Additional information about Public Storage is available on the
Internet. The Company’s web site is www.publicstorage.com.
Public Storage
Clemente Teng
(818) 244-8080, Ext. 1141
Source: Public Storage