HOUSTON-Sovran Self Storage Inc. has purchased 22 self-storage facilities in Texas for a total price of $111 million. The properties include 18 in Houston, 1 in Dallas-Fort Worth and 3 in Austin. The company used the proceeds of its operating cash flow and line of credit to fund the purchase of the 1.3-million-square-foot self-storage facilities, which will be rebranded under its trade name of Uncle Bob's Self Storage.
Sovran has also bought a facility in Atlanta for $9.5 million. For the full story, go to Buffalo Business First .
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