Sovran Self Storage Inc. announced the acquisition of 14 self storage facilities and management contracts for two unaffiliated properties. The newly purchased properties include six self storage facilities in Chicago, IL; four in Southwest Florida; three in Austin, TX; and one in Phoenix, AZ. The stores were acquired via six separate transactions and were funded through advances on the Company's line of credit.

The properties total 960,000 square feet and complement the company's existing portfolio as all are located in markets in which the Company already has a presence.