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EXR > SEC Filings for EXR > Form 8-K on 19-Feb-2013All Recent SEC Filings

Show all filings for EXTRA SPACE STORAGE INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for EXTRA SPACE STORAGE INC.


19-Feb-2013

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

During the year ended December 31, 2012, Extra Space Storage Inc. (the "Company") acquired, in separate transactions, 91 properties located in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Ohio, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia and Washington for approximately $701 million.

Only one of these acquisitions was considered a significant acquisition under the rules and regulations of the Securities and Exchange Commission. The significant acquisition was the purchase of our joint venture partners' interest in the PRISA III LLC joint venture, which owned 36 properties. This acquisition was previously reported in our Current Report on Form 8-K, which was filed on July 9, 2012, and the amendment to such Current Report on Form 8-K/A, which was filed on September 18, 2012.

Under the rules and regulations of the Securities and Exchange Commission, the remaining property acquisitions are individually insignificant, but, in the aggregate, are significant. Regulation S-X requires the presentation of audited statements of revenues and certain operating expenses for a majority of the individually insignificant properties when acquired properties are individually insignificant, but significant in the aggregate. As a result, the Company is presenting statements of revenues and certain operating expenses for the portfolios of properties purchased from Storage Portfolio Bravo II, LLC and The Hampshire Companies, LLC (which represent a majority of all individually insignificant acquisitions during the year ended December 31, 2012).



Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Properties Acquired.

Audited historical financial statements and unaudited interim periods:

1. The Hampshire Companies, LLC, acquired from July 18, 2012 to August 28, 2012;

Report of Independent Certified Public Accountants

Statements of Revenues and Certain Operating Expenses

Notes to Statements of Revenues and Certain Operating Expenses

2. Storage Portfolio Bravo II, LLC;

Report of Independent Certified Public Accountants

Statements of Revenues and Certain Operating Expenses

Notes to Statements of Revenues and Certain Operating Expenses

(b) Pro Forma Financial Information.

The following pro forma financial statements which reflect the Company's completed acquisition of properties from Storage Portfolio Bravo II, LLC and The Hampshire Companies, LLC:

1. Unaudited Pro Forma Condensed Consolidated Balance Sheet as of September 30, 2012

2. Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Nine Months Ended September 30, 2012

3. Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Year Ended December 31, 2011


Table of Contents

(d) Exhibits

Exhibit Number                          Description of Exhibit
     23.1        Consent of Haynie & Company, P.C., independent registered public
                 accounting firm.

     23.2        Consent of Haynie & Company, P.C., independent registered public
                 accounting firm.


Table of Contents

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