|Sovran Self Storage, Inc. (Sovran) together with its subsidiaries and its joint ventures, is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns and manages self-storage properties. The Company refers to the self-storage properties in which it has interest and is managed by it as properties. As of December 31, 2012, the Company held ownership interests in and/or managed 461 properties consisting of approximately 31.2 million net rentable square feet, situated in 25 states. The Company's Properties conduct business under the name Uncle Bob's Self-Storage. During the year ended December 31, 2012, the Company acquired 28 self storage facilities. During 2012, it added 372,000 square feet to existing Properties, and converted 35,000 square feet to storage. In August 2012, the Company announced the sale of 12 storage facilities. In September 2012, it acquired nine self storage facilities.