NetworkNewsBreaks – Global Self Storage, Inc. (NASDAQ: SELF) Grows Portfolio, Revenue Streams with Recent Acquisitions

Global Self Storage (NASDAQ: SELF), through its wholly owned subsidiaries, owns and operates a growing number of storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania and South Carolina.  Marking its third and fourth acquisitions in five months, Global Self Storage recently acquired from Tuxis Corporation (OTC: TUXS) two self-storage facilities and a commercial property, bringing its total number of stores to 11. “The addition of these stores is expected to have an immediate accretive impact on our property revenues, net operating income and funds from operations,” company president and CEO Mark C. Winmill stated in the news release. “The expansion opportunity at the Millbrook property has the potential to further increase the store’s revenues and net operating income.” The recent transactions reflect the company’s acquisition/expansion strategy to capture its share of the $27 billion U.S. self storage market by focusing on areas where new development activity is less concentrated.

To view the full press release, visit http://nnw.fm/lhU3F

About Global Self Storage

Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company’s self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina, and Ohio. To learn more visit www.globalselfstorage.us

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, visit https://www.NetworkNewsWire.com.

Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s