Press Release - Mark Patten Appointed CFO Orlando, FL – Wednesday, August 01, 2007 N e w s R e l e a s e For information contact: Jessica Wolf JWolf@obcompanies.com DJ Hobek Director of Marketing (407) 248-7878 For Immediate Release August 1, 2007 MARK PATTEN APPOINTED CHIEF FINANCIAL OFFICER OF THE OB COMPANIES AND SIMPLY SELF STORAGE ORLANDO, Fla. – The OB Companies and Simply Self Storage announced today the appointment of Mark E. Patten as Senior Vice President and Chief Financial Officer. Simply Self Storage is the largest privately held developer and operator of self storage facilities in the United States and Puerto Rico. “Mark brings a wealth of financial experience and capital market relationships to our Company,” said Kurt O’Brien, CEO of the OB Companies and Simply Self Storage. “His experience in real estate and finance, and his most recent experience with CNL Hotels & Resorts, Inc., during a period of significant growth and the subsequent sale of that $6.6 Billion lodging REIT, make him an excellent candidate to join our leadership team and to lead our finance capabilities at the OB Companies and Simply Self Storage.” “I am thrilled to have the opportunity to join the exceptional team at the OB Companies and Simply Self Storage and to help further their business platform and their strategy for growth and profitability,” Mr. Patten commented. “Through Kurt’s leadership they have developed an incredible culture that genuinely values all of its stakeholders – investors, venture partners, and employees alike - and I am pleased to be joining an organization of their character and quality” Prior to joining the OB Companies and Simply Self Storage, Mr. Patten was Senior Vice President and Chief Accounting Officer for CNL Hotels & Resorts, Inc. until the Company’s sale to affiliates of Morgan Stanley Real Estate and Ashford Hospitality Trust in April 2007. Mr. Patten spent the first 12 years of his career with KPMG LLP and was elected into the partnership in 1997. Subsequent to KPMG, Mr. Patten was Senior Vice President and Chief Accounting Officer of Vistana, Inc., a publicly traded vacation ownership company that was acquired by Starwood Hotels and Resorts in 1999. Simply Self Storage, based in Orlando, Florida has offices, developments and self storage facilities in California, 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 15 million square feet of storage space with over 210 operating self storage facilities.