Message #18 From:
NewsBot Date: January 10, 2007 04:24:00 PM
PSA News Public Storage, Inc. Reaches Agreement with Soldier
GLENDALE, Calif.--(BUSINESS WIRE)--A story appeared in the news media this past week reporting that Public
Storage (NYSE:PSA) had sold the contents contained in a storage space
rented by a U.S. soldier while he was serving our country in Iraq. The
goods were sold because rental payments had not been received and we
were not aware that this individual was on active duty.
The Company deeply regrets the loss and inconvenience experienced by Mr.
Rogalin, and after working closely with him we have reached a mutually
satisfactory agreement and resolved this unfortunate matter.
Public Storage has great respect for the men and women who serve our
country. This incident is inconsistent with the Company's policies and
procedures with regard to known active-duty military personnel and
resulted from an inability to communicate with the customer at the time.
Company Information
Public Storage, Inc., a member of the S&P 500 and the Forbes Global
2000, is a fully integrated, self-administered and self-managed real
estate investment trust that primarily acquires, develops, owns and
operates storage facilities. The Company’s
headquarters are located in Glendale, California. The Company’s
storage properties are located in 38 states and seven European nations.
At September 30, 2006, the Company had interests in 2,003 storage
facilities with approximately 126.4 million net rentable square feet in
the United States and 160 storage facilities with approximately 8.4
million net rentable square feet in Europe.
Additional information about Public Storage, Inc. is available on the
Internet. The Company’s web site is www.publicstorage.com.
