BUFFALO—Sovran Self Storage Inc. said Monday ithad acquired an additional 1.3 million square feet of self storagefacilities in eight separate transactions totaling $130 million.Sixteen of the facilities were purchased by SSS for a total of $96million, while the remaining three were acquired for Sovran HHFStorage Holdings LLC, a joint venture in which the Buffalo-basedREIT owns a 20% interest.

All 19 properties are located in markets where SSS, whichoperates under the Uncle Bob's brand, already hasa presence. They include seven facilities in New Jersey, seven inthe St. Louis metro area and one each in metro New York City,Philadelphia, Atlanta, Chicago and San Antonio.

The expected one-year cap rate on the properties ranges between6.5% and 6.75%. SSS acquired them through a combination of theremaining funds from its $175-million 10-year term note issued inApril, proceeds from its at-the-market program and advances on itsline of credit. The company plans to rebrand all 19 properties asUncle Bob's, thereby bringing its total to more than 500.