Press Release - Storage Today Acquisition Chicago – Wednesday, August 08, 2007 MJ PARTNERS SELLS STORAGE TODAY PORTFOLIO Date: August 8, 2007 Contact: Marc A. Boorstein, CCIM, Principal MJ Partners Real Estate Services 312.726.5800 or mboorstein@mjpartners.com CHICAGO - - MJ Partners Self Storage Group represented Investcorp International and Murney & Partners in the sale of the Storage Today Chicago Self Storage Portfolio. The four-property portfolio consists of 368,647 rentable square feet and 3,993 units, with locations in Chicago’s Lincoln Park and South Loop markets, and one each in Bolingbrook and Countryside, Illinois. The institutional-quality properties are all considered Class A state-of-the-art self storage facilities, and generated interest nationwide. The purchaser was Simply Self Storage of Orlando, Florida, the largest privately held developer and operator of self storage facilities in the United States and Puerto Rico. Multiple offers were generated for the portfolio, with the top three offers nearly identical in price. The Seller selected OB Companies as a result of their recent success in closing similar portfolios on a timely basis. “We are extremely pleased to be able to add these four properties to our existing Chicago Portfolio. They will enhance and strengthen our presence in the Chicago Metro area, while offering additional convenient locations in which we can service our customers” added Kurt O’Brien, CEO of the OB Companies and Simply Self Storage.” The portfolio is currently 73% occupied and consists of four climate-controlled self storage facilities opened in 2002 and 2003. One Chicago property at 407 E. 25th Street is adjacent to the proposed Olympic Village for Chicago’s 2016 Olympics bid, and faces the new $882 million McCormick Place expansion. The other Chicago location is 2647 N. Western Avenue; the Bolingbrook property is at 565 W. Boughton Road, and the Countryside property is 9801 W. 55th Street.