Form D: Extra Space Storage $5.84 million Financing. Gwyn McNeal Filed Nov 14 form D

REITS Finance Extra Space Storage Lp - Gwyn McNeal

Extra Space Storage Financing

Extra Space Storage Lp, Limited Partnership just filed form D announcing $5.84 million equity financing. This is a new filing. Extra Space Storage was able to fundraise $5.84 million. That is 100.00% of the financing round. The total financing amount was $5.84 million. The offering form was filed on 2016-11-14. The reason for the financing was: unspecified.

Extra Space Storage is based in Utah. The company’s business is REITS and Finance. The form D was filed by Gwyn McNeal Secretary. The company was incorporated more than five years ago. The filler’s address is: 2795 East Cottonwood Parkway, Suite 400, Salt Lake City, Ut, Utah, 84121. Spencer F. Kirk is the related person in the form and it has address: C/O Extra Space Storage Lp, 2795 East Cottonwood Pkwy, Ste 400, Salt Lake City, Ut, Utah, 84121. Link to Extra Space Storage Filing: 000130207116000011.

Analysis of Extra Space Storage Offering

On average, firms in the REITS and Finance sector, sell 56.00% of the total offering amount. Extra Space Storage sold 100.00% of the offering. Could this mean that the trust in Extra Space Storage is high? The average financing size for companies in the REITS and Finance industry is $988,700. The total amount raised is 490.78% bigger than the average for companies in the REITS and Finance sector. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Extra Space Storage Also

The Form D signed by Gwyn McNeal might help Extra Space Storage Lp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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