Safeguard Self Storage Acquires New Location in Hollywood, Florida

Safeguard Self Storage closed on the purchase of their new Hollywood, Florida location on June 22, allowing them to expand their presence in the South Florida market. End Quote

Fort Lauderdale, FL (1888PressRelease) June 30, 2015 - Safeguard Self Storage expanded its presence in the South Florida self-storage market again today with the acquisition of its newest location. This facility is conveniently located at 3090 Sheridan Street in Hollywood, Florida and has 1,920 storage units and 128,797 leasable square feet. Safeguard closed on the purchase, its 67th store nationwide, on June 22, 2015.

Safeguard has a deeply established presence in the South Florida market, now with 13 open locations. As is typical of all Safeguard stores nationwide, the Hollywood self-storage facility is designed with security, convenience and customer service in mind. Amenities at this location include: heated and air conditioned space, convenient drive-up loading areas and computer-controlled access to the property.

Allan Sweet, Chief Executive Officer of Safeguard Self Storage said, "Safeguard's strong capital position enabled us to complete the acquisition in just 42 days from execution of the contract to closing. This acquisition complements the company's aggressive ground-up development."

"The high quality of this store made completion of the acquisition easier than expected and helps provide deepening critical mass for us in this market." said James Goonan, Senior Vice President of Development, who led the effort to acquire this store for the Safeguard portfolio.

Ken Finlay, Senior Vice President of Operations added, "We look forward to getting to know and serve the residents and business people of Hollywood. It's a great community and we're proud to be part of it."

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