About LifeStorage
LifeStorage is a Financial Services company based in Buffalo (United States) founded in 1982 by Kenneth Myszka, and was acquired by Extra Space in April 2023. REIT that invests in residential and commercial self-storage properties throughout the United States. It operates in the Financial Services and Transportation, Automotive & Logistics sectors. LifeStorage has raised $120 million across 4 funding rounds from investors including Citi, Extra Space and TPG. Its chief executive, as recorded, is Joe Saffire. Its focus areas include REITs, Equity, Self-Storage and Transportation and Logistics. Its competitors include Public Storage, National Storage Affiliates and Jernigan Capital.
Company details
LifeStorage was established in 1982 in Buffalo, United States, as a real estate investment trust. Focus is placed on acquiring and managing residential and commercial self-storage facilities nationwide. Operations encompass property development, leasing, and maintenance services for storage units. Leadership includes CEO Joe Saffire, with Kenneth Myszka noted as former co-founder. The portfolio spans various U.S. regions to support storage needs.
- Headquarters Buffalo, United States
- Founders Kenneth Myszka
- Stage Acquired
- SectorsFinancial ServicesTransportation, Automotive & Logistics
- Phone•••• ••••
- Website lifestorage.com
- Social LinkedIn X Facebook
- Acquired by Extra Space (Apr 2023)
- Total Equity Funding$120M (USD)
in 4 rounds
- Latest Funding Round$450M (USD), Debt – Conventional
Nov 2017
- InvestorsCiti
& 5 more
- Acquired by
Funding Insights of LifeStorage
LifeStorage has successfully raised a total of $120M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $450 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $120M
- Total Rounds 4
- Last Round Debt – Conventional — $450M
- First Round $100M
(Sep 2014)
- Investors Count 4
All 4 funding rounds of LifeStorage with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2017 | $450M | Debt – Conventional | – | – | – |
| Jun 2015 | $300M | Debt – Conventional | – | – | |
| Oct 2014 | $120M | Private Equity Round | – | – | |
| Sep 2014 | $100M | Debt – Conventional | – | – |
6 investors in total: 6 institutional.
Investors in LifeStorage
LifeStorage has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Extra Space and TPG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Diversified financial services are offered through commercial banking operations. | 1812 | citigroup.com | New York, United States | |
Financial services in capital markets are provided by BMO. | capitalmarkets.bmo.com | |||
Offers mortgages, securities lending, corporate banking, and deposit accounts for clients. | 1962 | raymondjamesbank.com | St. Petersburg, United States | |
Self-storage REIT is self-administered and managed in the US. | 1977 | extraspace.com | Salt Lake City, United States | |
Self-storage units are provided offline in Williamsville, United States. | 1982 | unclebobs.com | Williamsville, United States |
Investor details for LifeStorage
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of LifeStorage
17 people are tracked at LifeStorage (9 in leadership, 8 in team).
| Name | Role | Group |
|---|---|---|
Kenneth Myszka | ex-Co-Founder | Leadership |
Joe Saffire | CEO | Leadership |
Joseph V. Saffire | CEO & Director | Leadership |
Claire White | Vp, Legal Affairs | Leadership |
Alex Gress | Chief Financial Officer | Leadership |
Rita Grandits | Director Of Customer Care | Leadership |
Steven Ciemcioch | Senior Vice President | Leadership |
Diane Piegza | Vice President, Corporate Communications & Community Affairs - Retired | Leadership |
Jeanette Jennings (Jeanie) | HR Business Partner | Leadership |
Michael Rogers | SVP, Real Estate | Team |
Samantha Baldwin | Account Representative | Team |
Jonathan Davis | Helpdesk Analyst | Team |
Stephanie Schmitt | Customer Care Representative | Team |
Dave Reppas | Corporate Controller | Team |
Katherine S. | Controller | Team |
Vince Toenjes | General Counsel | Team |
Nuri Ricks | Revenue Management Analyst | Team |
Complete people profiles for LifeStorage
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of LifeStorage
5 dated milestones of LifeStorage across 41 years, from founding to its latest funding, stage changes and deals.
- Founded LifeStorage is founded.
- Funding First funding round of $100.0M.
- Exit Acquired by Uncle Bobs Self Storage.
- Funding Latest funding round, Debt – Conventional, of $450.0M.
- Exit Acquired by Extra Space.
Competitors of LifeStorage
LifeStorage has 3 listed competitors in our database. They include Public Storage, National Storage Affiliates and Jernigan Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| publicstorage.com | 1972 | Los Angeles, United States | 5,900 | Marketplace for self-storage units is provided to customers. | ||
| nationalstorageaffiliates.com | 2013 | Greenwood Village, United States | 155 | Equity REIT investing in self storage facilities | ||
| jernigancapital.com | 2013 | Memphis, United States | Mortgage REIT that invests in commercial self-storage real estate assets |
Detailed competitors of LifeStorage
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of LifeStorage
The website of LifeStorage (lifestorage.com) receives about 2.7K visits a month.
- Monthly visits2.7K
▲ 30% vs previous month
Websites whose visitors overlap most with LifeStorage. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| metrostorage.com | 100% | 12.5K | #2,399,153 | View details | |
| publicstorage.com | 86% | 3.1M | #16,650 | View details | |
safeguardit.com | safeguardit.com | 85% | #572,201 | – | |
| sparefoot.com | 82% | 569K | #83,904 | View details | |
| thelockup.com | 76% | #986,405 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for LifeStorage
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in REITs
3 companies that operate in the same segment as LifeStorage (REITs) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wireless communications infrastructure and data center solutions are provided. | 1994 | Boston, Massachusetts, United States | USD 10.64 B | 4,690 | ||
REIT that invests in campuses, multi-tenant spaces and build-to-suit facilities in the US | 1994 | Pasadena, California, United States | USD 3.03 B | 552 | ||
Telecom and network infrastructure investments are managed as a REIT. | 2015 | Little Rock, Arkansas, United States | USD 2.23 B | 758 |
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Related news about Lifestorage
Complete news archive for LifeStorage
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about LifeStorage
LifeStorage was founded in 1982 and raised its 1st funding round 32 years after it was founded.
LifeStorage is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
Joe Saffire is the CEO of LifeStorage, as recorded in our data.
LifeStorage is a funded company, having raised a total of $120M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $100M, raised on Sep 2014.
LifeStorage was established in 1982 in Buffalo, United States, as a real estate investment trust. Focus is placed on acquiring and managing residential and commercial self-storage facilities nationwide. Operations encompass property development, leasing, and maintenance services for storage units. Leadership includes CEO Joe Saffire, with Kenneth Myszka noted as former co-founder. The portfolio spans various U.S. regions to support storage needs.
LifeStorage's top competitors include Public Storage, National Storage Affiliates and Jernigan Capital.
LifeStorage has 6 investors. Key investors include Citi, Extra Space, TPG, Uncle Bobs Self Storage, and BMO Capital Markets.
Yes. LifeStorage was acquired by Extra Space in April 2023.