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Sovran buying privately held LifeStorage in $1.3B deal

Sovran Self Storage REIT is acquiring privately owned LifeStorage, which operates 92 facilities, for about $1.3 billion. Sovran, whose brand is called Uncle Bob’s Self Storage, is paying cash for the acquisition.

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Central banks are dumping America’s debt at a record pace

China, Russia and Brazil sold off U.S. Treasury bonds as they tried to soften the blow of the global economic slowdown. They each sold off at least $1 billion in U.S. Treasury bonds in March.

 

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