Latham & Watkins Represents Extra Space Storage in US$800 Million Senior Notes Offering

Extra Space Storage Inc. (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, has announced that its operating partnership, Extra Space Storage LP, has priced a public offering of US$800 million aggregate principal amount of 4.950% senior notes due 2033. The Notes were priced at 99.739% of the principal amount and will mature on January 15, 2033. The offering is expected to close on or about August 8, 2025, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents Extra Space in the offering with a Capital Markets team led by San Diego partners Craig Garner and Kevin Reyes, and counsel Anthony Gostanian, with associates Rachel Staub and Sterling Swift. Advice was also provided on debt finance matters by New York/Los Angeles partner Greg Rodgers, with associate Sara Johnson; and on tax matters by Los Angeles partners Pardis Zomorodi and Eric Cho, with associate Ryan Brenner.