A property of Extra Space Storage REIT (Photo: Extra Space Storage REIT)

Logistics REIT Extra Space Storage Inc has announced the launch of a new unsecured commercial paper note program through its operating partnership, Extra Space Storage LP.

The initiative allows the REIT to issue up to USD1 billion in unsecured commercial paper notes in the US market.

Headquartered in Salt Lake City, Extra Space Storage is a NYSE-listed REIT and a member of the S&P 500.

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By Rachel Young

Rachel Young is a staff writer for REITsWeek and is based in Singapore. She focuses on REITs listed in the North American and European markets but occasionally covers REITs in the Asia-Pacific region.