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Extra Space Storage planning the sale of 10 million shares

Salt Lake-based Extra Space Storage Inc. said Monday it plans to sell 10 million shares of common stock in an underwritten public offering.

The underwriters will have a 30-day option to buy up to an additional 1.5 million shares, the company said.

Extra Space is a real estate investment trust that operates 620 self-storage properties in 34 states. Its properties comprise more than 415,000 units and 43 million square feet rented by 340,000 tenants.