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Public Storage acquires new centers, including four in Georgia

By
Oct 9, 2013

A Charlotte-based owner of self-storage complexes on Tuesday said it has sold nearly four-dozen centers, including four in Georgia, to Public Storage.

Morningside Properties, the owner of Morningstar Mini-Storage, said it sold the 43 properties for $315 million. The portfolio includes centers in Alpharetta, Pooler, Savannah and Statesboro.

Public Storage had 95 facilities in Georgia at the end of 2012. Morningstar said it continues to operate 23 properties, including one in metro Atlanta.

About the Author

J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.

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