Public Storage 2010 Annual Report Download - page 118

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PUBLIC STORAGE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2010
F-36
15. Subsequent Events
On January 18, 2011, we acquired five self-storage properties in Nevada for approximately
$19.5 million. We incurred approximately $0.2 million in transaction costs related to these acquisitions during
the first quarter of 2011. In February 2011, we acquired the leasehold interest in the land of one of our existing
self-storage facilities for approximately $6.6 million.
On February 9, 2011, we loaned PSB $121.0 million which PSB used to re-pay borrowings against
their credit facility and repurchase preferred stock. The loan has a six-month term, no prepayment penalties,
and bears interest at a rate of three-month LIBOR plus 0.85%.