Extra Space Storage Inc. has completed the merger with Life Storage, Inc. on July 20, 2023, according to their Agreement and Plan of Merger from April 2, 2023, with Life Storage becoming a wholly-owned subsidiary of Extra Space. Additionally, the Boards of both companies finalized an equity exchange, and Extra Space issued a total of 1,674,748 Extra Space operating partnership units to former Life Storage unit holders, worth approximately $249.5 million. Joseph V. Saffire, Mark G. Barberio, and Susan Harnett have been appointed to Extra Space's board of directors.