Sovran Self Storage, Inc. (Sovran) is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages self-storage properties. As of December 31, 2014, it held ownership interests in, leased, and/or managed 518 properties consisting of approximately 35.5 million net rentable square feet, situated in 25 states. Among its 518 self-storage properties are 39 properties that it manages for an unconsolidated joint venture of , which the Company is a 20% owner, 30 properties that it manages for an unconsolidated joint venture of , which the Company is a 15% owner, 17 properties that it manages and in , which the Company has no ownership interest, and four properties that it leases. The Company's properties conduct business under the name Uncle Bob's Self-Storage. As of December 31, 2014, the Company owns an indirect interest in 497 of the Properties through a limited partnership.