Self-storage giant Public Storage is relocating its headquarters from California to the Dallas-Fort Worth area, becoming the latest major corporation to shift its official base to North Texas.
The S&P 500 real estate investment trust said it will move its headquarters to the Dallas-Fort Worth metroplex while maintaining a long-term presence in Glendale. The company was founded in California in 1972.
Public Storage has grown into the world’s largest owner of self-storage facilities, operating more than 3,500 properties across 40 states. It also holds a significant stake in a European storage operator.
Over the past five years, the company has invested more than $12 billion in acquisitions and new developments. Company leadership has said it plans to accelerate that pace in the coming years.
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