Life Storage, Inc. is a is a self-administered and self-managed equity real estate investment trust (REIT) that is in the business of acquiring and managing self-storage facilities. The Company owns its assets and conducts its operations through Life Storage LP (Operating Partnership) and subsidiaries of the Operating Partnership. The Company has an ownership interest in and/or managed 1,198 self-storage properties in 37 states and the District of Columbia. Among its 1,198 self-storage properties are 141 properties that it manages for unconsolidated joint ventures, 299 properties that it manages and have no ownership interest, and five properties that it lease. The Company serves both residential and commercial storage customers with storage units rented by month. It owns a direct or indirect interest in about 899 of the properties through the Operating Partnership, which includes 758 wholly owned properties and 141 properties owned by unconsolidated joint ventures.