Moving and Storage Business News

The News Review:

- U-Store-It Trust Announces Third Quarter 2007 Operating Results
- Q3 2007 Sovran Self Storage Earnings Conference Call – Final.
- Sounds of silence.(Editorial)
- San Diego Firm Enters $108M Sale-Leaseback Deal

U-Store-It Trust Announces Third Quarter 2007 Operating Results
Earthtimes – Nov 1, 2007
Interest expense increased approximately $1. 7 million in the third quarterof 2007 compared to the third quarter of 2006 primarily as a result of theadditional debt used to fund the acquisition of 17 facilities purchasedsince September 30, 2006 and the full-period impact of the borrowings usedto acquire the 16 facilities during the third quarter of 2006. On September 14, 2007, the Company acquired 14 self-storage facilities forapproximately $121 million. Containing approximately 1. 1 million squarefeet, the facilities are located in California, Florida, Georgia, Ohio andMassachusetts. The Company funded the acquisition through a new $50. 0million secured term loan and borrowings under its $250 million unsecuredrevolving credit facility.

Q3 2007 Sovran Self Storage Earnings Conference Call – Final.
Free with registration – Fair Disclosure Wire – AccessMyLibrary.com – Nov 1, 2007
Myszka, you may begin your conference. KENNETH MYSZKA, PRESIDENT AND COO, SOVRAN SELF STORAGE: Good morning and welcome to our third quarter conference call. As a reminder the following discussion will include forward-looking statements. Sovran’s actual results may differ materially from projected results. Additional information concerning the factors that may cause such differences is included in our Company’s SEC filings. A copy of these filings may be obtained by contacting the Company or the SEC…
Sovran’s actual results may differ materially from projected results. Additional information concerning the factors that may cause such differences is included in our Company’s SEC filings. A copy of these filings may be obtained by contacting the Company or the SEC. Well, our Company delivered another quarter of strong operating results with same-store revenues and net operating income increasing by 3. 7%, respectively, over the third quarter last year. With over four years of same-store revenue growth greater than 5%, the comparables are challenging but our management team continues to respond and is doing an excellent job.

Sounds of silence.(Editorial)
Free with registration – Logistics Today – AccessMyLibrary.com – Nov 1, 2007
[ILLUSTRATION OMITTED] With corporate resources stretched thin, it’s difficult to know what’s happening in every corner of the world where you operate. But a major multi-national customer of one Michigan 3PL knew enough about a tax provision that would affect warehousing in the state to approach its 3PL and raise the issue.

San Diego Firm Enters $108M Sale-Leaseback Deal
Commercial Property News – Nov 1, 2007
has entered into a $108 million sale-leaseback agreement with San Diego-based Veralliance Properties for its real estate assets. As part of the deal, Neurocrine will lease back its corporate headquarters (pictured) under a 10-year term. Neurocrine has options to repurchase all of the properties included in the transaction during the term of the lease. Neurocrine anticipates that it will receive approximately $60 million net of fees, expenses and existing indebtedness…
is a product-based biopharmaceutical company focused on neurological and endocrine diseases and disorders. Veralliance Properties, Inc. , is a corporate real estate solutions company focused on real estate acquisitions, development and management in the Southern California market with an emphasis on office, life science and self-storage real estate.