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STORAGE EQUITIES ANNOUNCES PUBLIC OFFERING OF SHARES OF 9.20 PERCENT CUMULATIVE PREFERRED STOCK

 GLENDALE, Calif., March 18 /PRNewswire/ -- Storage Equities, Inc. (NYSE: SEQ), announced today the public offering of 2,300,000 shares of 9.20 percent cumulative preferred stock, series B at a price of $25 per share.
 PaineWebber Incorporated will act as underwriter.
 Storage Equities, Inc. is a real estate investment trust that has invested primarily in existing mini-warehouses, which are self-service facilities offering storage space for personal and business use. The company owns or has interests in 260 self-storage facilities, 12 business parks and 18 facilities that combine both self-storage and business park space. Public Storage Management, Inc. manages the company's properties, and Public Storage Advisers, Inc. administers the operations of the company.
 Copies of the prospectus relating to the offering may be obtained by contacting PaineWebber Incorporated at 1285 Avenue of the Americas, New York, New York 10019.
 -0- 3/18/93
 /CONTACT: Harvey Lenkin of Storage Equities, Inc., 818-244-8080/
 (SEQ)


CO: Storage Equities, Inc. ST: California IN: SU: OFR

SB -- NY092 -- 7675 03/18/93 17:33 EST
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Publication:PR Newswire
Date:Mar 18, 1993
Words:170
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