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Public Storage acquires rival ezStorage for $1.8 billion

April 13 (Reuters) - Public Storage said on Tuesday it had acquired smaller rival ezStorage, the operator of 48 self-storage properties in the United States, for $1.8 billion.

Self storage companies rent storage space to tenants.

Public Storage had direct and indirect equity interests in 2,548 self-storage facilities in the United States as of Dec. 31.

Reporting by Ankit Ajmera in Bengaluru; Editing by Aditya Soni

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