CubeSmart to acquire LAACO for $1.69bn.

CubeSmart, a real estate investment trust, agreed to acquire LAACO, the owner of the Storage West platform, for $1.69bn. “The Storage West portfolio represents a very strategic transaction that will enhance our portfolio and further diversify our geographic exposure. This immediately accretive transaction is a unique opportunity to acquire a sizable portfolio of high-quality assets across the Southwest. The properties are all in top-40 MSAs that represent key growth markets with strong demographics that perfectly fit our external growth strategy and complement our existing portfolio," Christopher Marr, CubeSmart President and Chief Executive Officer.