Press Release - Acquisition of four facilities Philadelphia – Monday, April 16, 2007 For Immediate Release April 16, 2007 – ORLANDO, Fla. – OB Companies/Simply Self Storage, the largest privately held developer and operator of self storage facilities in the United States and Puerto Rico, announces that it has acquired 4 facilities in Philadelphia, Pennsylvania. Simply Self Storage acquired the portfolio from Philly Self Storage. The stores locations are Allegheny, Germantown, Oregon Avenue, and Overbrook, and combined, the stores have 218,486 total rentable square feet and 2,917 units. Simply Self Storage, based in Orlando, FL., has offices and self storage projects in Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Pennsylvania, Texas, Rhode Island and Puerto Rico. Simply Self Storage has over 10.8 million square feet of storage space and over 180 operating self storage facilities. For further information, please contact Jessica Wolf at OB Companies/Simply Self Storage, JWolf@obcompanies.com. Kurt O’Brien Chief Executive Officer OB Companies/Simply Self Storage 7932 W. Sand Lake Rd., Suite 108 Orlando, FL 32819 407-248-7878 – Phone 407-248-9048 - Fax