Fairness Opinion

Duff & Phelps, A Kroll Business, Provided a Fairness Opinion to LAACO, Ltd., in Connection With Its Sale to CubeSmart for Approximately $1.7 Billion

Duff & Phelps, A Kroll Business, Provided a Fairness Opinion to LAACO, Ltd., in Connection With Its Sale to CubeSmart for Approximately $1.7 Billion
/-/media/kroll-images/casestudy-logo/tombstone/fairness-opinion-laaco-ltd.svg
2021-12-17T00:00:00.0000000

On November 15, 2021, Self-storage properties operator CubeSmart (NYSE: CUBE) (the “Company”), announced that it has entered into an agreement to acquire LAACO, Ltd. (“LAACO”), the owner of the Storage West platform, which includes 59 self-storage assets with 4.3 million self-storage net rentable square footage located in Southern California, Phoenix, Las Vegas and Houston.

Duff & Phelps, A Kroll Business, served as an independent financial advisor to LAACO, Ltd. and provided a fairness opinion in connection with the transaction.

About LAACO
LAACO, Ltd., is a California limited partnership that owns and manages 59 Storage West self-storage facilities located in the Western United States, the Los Angeles Athletic Club and the California Yacht Club. Winston & Strawn LLP served as legal counsel to LAACO.

About CubeSmart
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,251 self-storage properties across the United States. According to the 2021 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. Morgan, Lewis & Bockius LLP served as legal counsel to CubeSmart.


{8F72293A-8F2E-4A71-919B-6F70C96E9322} {2DEEE4D2-8278-4C50-B3FF-1563BB257804} /en/transactions/fairness-opinions/fairness-opinion-laaco-ltd case study
Ranked No. 1 for Global Fairness Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of global fairness opinions for full year 2022 and the past 10 years, according to Refinitiv cumulative data from 2013-2022.

Learn More

Ranked no. 1 for U.S., EMEA and Global Fairness Opinions

Fairness Opinion


Partner with the #1 Global Fairness Opinions Provider

Apr 11, 2022

M&A Advisory


Global Software Sector Update – Winter 2023

Feb 03, 2023

by Karan  KapoorRobert A. Bartell, CFAScott MunroNicholas CollinsSamir HusseinRory O'SullivanMihail IvanovEfraim ChalamishNicolas DepardieuPhilipp Bose

Cyber


Hive Ransomware Technical Analysis and Initial Access Discovery

Feb 02, 2023

by Stephen Green, Elio Biasiotto

Compliance Risk


Best Practice in a Time of Change for the Renewable Energy Market: Financial and Technical Due Diligence of Renewable Energy Assets

Feb 01, 2023

by Casper Wuite