PS Business Parks
Encyclopedia
PS Business Parks, Inc. is a publicly traded full service real estate
company with expertise in leasing
, property management
, acquisition and development. PS Business Parks is a member of the S&P SmallCap 600 and is a self-advised and self-managed equity real estate investment trust (“REIT”). As of July 2010, the Company owned and operated approximately 21.8 million rentable square feet of commercial space and approximately 4,100 customers located in eight states: California
(5.8 million sq. ft.), Florida (4.0 million sq. ft.), Texas (3.7 million sq. ft.), Virginia (3.4 million sq. ft.), Maryland (2.4 million sq. ft.), Oregon (1.3 million sq. ft.), Arizona (0.7 million sq. ft.) and Washington (0.5 million sq. ft.). The Company also manages approximately 1.4 million rentable square feet on behalf of Public Storage
, Inc. and its affiliated entities.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
company with expertise in leasing
Leasing
Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments....
, property management
Property management
Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...
, acquisition and development. PS Business Parks is a member of the S&P SmallCap 600 and is a self-advised and self-managed equity real estate investment trust (“REIT”). As of July 2010, the Company owned and operated approximately 21.8 million rentable square feet of commercial space and approximately 4,100 customers located in eight states: California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
(5.8 million sq. ft.), Florida (4.0 million sq. ft.), Texas (3.7 million sq. ft.), Virginia (3.4 million sq. ft.), Maryland (2.4 million sq. ft.), Oregon (1.3 million sq. ft.), Arizona (0.7 million sq. ft.) and Washington (0.5 million sq. ft.). The Company also manages approximately 1.4 million rentable square feet on behalf of Public Storage
Public Storage
Public Storage , a real estate investment trust , is one of the largest self-storage companies in the United States with headquarters in Glendale, CA.Public Storage built its first self-storage facility in 1972...
, Inc. and its affiliated entities.