Self Storage Performance Quarterly Q1 2016

Storage Demand – The following tables illustrate the trends in demand based upon 423,000 ± self-storage units found in 688 ± facilities SSDS tracks every month. Storage Demand – Nationwide February 2016 vs. January 2016 February 2016 vs. February 2015 1Q16 vs. 1Q15 Total Rental Activity 8.7% -4.0% -5.4%

11.6%

-4.0%

-4.0%

Move-Ins

6.0%

-4.0%

-6.6%

Move-Outs

Source: Cushman & Wakefield, Inc.

Storage Demand by Region December 2015, January, February 2016 vs. December 2014, January, February 2015 East Midwest

South -6.7% -5.5% -7.8%

West -2.1% -2.8% -1.5%

-4.5% -2.6% -6.3%

-2.3% 0.7% -5.0%

Total Rental Activity

Move-Ins Move-Outs

Source: Cushman & Wakefield, Inc.

Physical Occupancy by Region February 2016 vs. February 2015 (Same Store Sample) Nationwide East Midwest

South 0.6%

West 0.2%

1.0%

1.8%

1.6%

Absolute Change

Source: Cushman & Wakefield, Inc.

Source: Cushman & Wakefield, Inc. The Self Storage Performance Quarterly , a publication of Cushman & Wakefield, Inc., is intended solely for use by paid subscribers. Reproduction or distribution in whole or part without written permission is prohibited and subject to legal action. Copyright® 2016 2020 Main Street, Suite 1000, Irvine, California 92614 Phone: 626-304-2920 Fax: 626-304-2921 www.ssdata.net

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