Extra Space Storage is excited to announce a new chapter in our growth story with a landmark funding round of $500 million. As the second largest operator of self-storage facilities in the U.S., we have consistently pushed the envelope since our founding in 1977. Our impressive track record, including the monumental achievement in 2015 when we added $1.6 billion in new acquisitions to our already expansive property portfolio, sets the stage for the next evolution of our business. This funding is a testament to the robust trust and support from our stakeholders, partners, investors, and dedicated customers who share our vision for innovation and exceptional service.
With this capital infusion, we will expand our network of self-storage facilities, not only by acquiring prime properties but also by investing in state-of-the-art technology and customer-centric service enhancements. The funding is earmarked to further develop our digital platforms, streamline operations, and deliver a more seamless experience for our customers. At Extra Space Storage, every member of our team鈥攆rom our seasoned executive management to our on-site managers and call center representatives鈥攊s vital to our success. We firmly believe that our passionate workforce, driven by continuous innovation and a deep commitment to excellence, is what sets us apart.
This significant milestone also reinforces our core philosophy: great people deserve great careers and exceptional places to work. As we deploy these funds to nurture talent, invest in cutting-edge solutions, and expand our footprint, we are excited to continue our journey of growth. Today鈥檚 announcement marks not just a financial achievement but the beginning of a dynamic period of transformation and sustained excellence.
