Self Storage Performance Quarterly Q1 2016

Change in Rent Per Avail. SF

Key Seasonal Change in MSAs in Midwest Regions Rental Rate Change

Occupancy Change

East North Cental Division

CHI

Chicago-Naperville-Joliet, IL-IN-WI MSA

12.5% 0.0% 13.7% 0.0% -1.0% -2.5% 5.0% -1.0% 2.1% 7.1% -1.6% 5.2% 0.0% -4.0% -4.2% 4.3% -3.0% 0.9% 0.0% -4.0% -5.1% 1.2% -4.7% -6.1% 0.0% -5.0% -4.7% 7.1% 0.0% 4.7% 0.0% 3.8% 5.6% 0.0% -5.0% -4.7% 7.1% 0.0% 4.7%

CIN Cincinnati-Middletown, OH-KY-IN MSA CLE Cleveland-Elyria-Mentor, OH MSA

COL Columbus, OH MSA

DET Detroit-Warren-Livonia, MI MSA

IND Indianapolis, IN MSA

MIL

Milwaukee-Waukesha-West Allis, WI MSA

LOU Louisville, KY-IN MSA

MIN Minneapolis-St. Paul-Bloomington, MN-WI MSA

STL

St. Louis, MO-IL MSA

West North Cental Division

KAN Kansas City, MO-KS MSA

MIN Minneapolis-St. Paul-Bloomington, MN-WI MSA

STL

St. Louis, MO-IL MSA

Note : Light Blue shading denotes that MSA is split between NCREIF Regions and or Divisions.

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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