Close the acquisition of Life Storage
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 3 Apr 2023
- Due
- 31 Dec 2023
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is currently expected to close in the second half of 2023, subject to the approval of Extra Space and Life Storage shareholders and satisfaction of other customary closing conditions.”
What we found
Evidence strength A What the grades mean
The company's SEC filings confirm the completion of the Life Storage merger, referencing transition costs and financial impacts associated with the acquisition during the 2023 fiscal year.
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A Extra Space Storage 10-K filed 2024-02-29
“Life Storage Merger transition costs66,732 — 66,732 — %” ✓ confirmed on the page
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A Extra Space Storage 10-K filed 2024-02-29
“The increase in property operations expense consists primarily of an increase of $153,712 associated with the Life Storage Merger and other acquisitions completed in 2023.” ✓ confirmed on the page
Market reaction: the shares moved +5.5% against the S&P 500 over the three sessions around the disclosure (28 Feb 2024 to 4 Mar 2024). What this measures
Checked 19 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Life Storage acquisition
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: approval of Extra Space and Life Storage shareholders; satisfaction of other customary closing conditions
- Depends on
- Shareholder, Regulatory
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2023-EXR-016057 · Corrections policy