Extra Space Storage

SPR managed the environmental due diligence for a $12 Billion merger involving 1,300 facilities across the USA.  Facilities were located in at least 37 jurisdictions, including: AL, AR, AZ, CO, CA, CT, FL, GA, IA, IL, IN, KS, KY, LA,  MA, MD, ME, MI, MS, MO, MN, NC, NH, NJ, NV, NY, OH, OK,  OR, PA, RI, SC, TN, TX, VA, WI, and WA. SPR reviewed environmental due diligence documents including Phase I and Phase II site investigation reports, developed due diligence strategy, worked with Extra Space’s environmental consultants and local counsel to identify and manage risks across the portfolio, and supported SEC counsel with respect to environmental aspects of their 10b-5 opinion.  The transaction closed on time.