Extra Space Storage Inc. (NYSE:EXR) is looking for acquisitions. The company, on March 18, 2021 announced that it will issue and sell 1,600,000 shares of its common stock in a public offering. Citigroup and Wells Fargo Securities are acting as the joint book-running managers for the offering. Extra Space will grant the underwriters a 30-day option to purchase up to an additional 240,000 shares. The company intends to use the net proceeds of this offering to fund potential acquisition opportunities, to repay amounts outstanding from time to time under its lines of credit, and for other general corporate and working capital purposes.