PRESS ROOMNEWS RELEASE

Devon Self Storage Awarded Property Management of Six Self-Storage Assets in Five States

Oak Brook, IL  – Devon Self Storage (“Devon”), a member of The Inland Real Estate Group of Companies, Inc. (“Inland”), announced today it has been awarded the property management contract for six self-storage properties in Indiana, Colorado, Michigan, Nevada, and Louisiana totaling approximately 361,000 square feet.

“With the addition of these properties, we have increased our managed portfolio by 5.3 percent,” commented Ken Nitzberg, Co-CEO of Devon. “Our goal remains steadfast in managing and providing best-in-class self-storage services and operational efficiencies for the customers and owners through the breadth and depth of more than 50 plus years of commercial real estate experience with a keen focus on each asset, its market demographics, and financial data.”

The self-storage properties include Coliseum Boulevard located at 1121 North Coliseum Boulevard in Fort Wayne, Indiana, offering 70,919 square feet of 603 climate-controlled units; Northglenn located at 11402 Cherokee Street in Northglenn, Colorado, offering 50,503 square feet of 487 units; Waterford located at 2019 Dixie Highway in Waterford, Michigan, offering 54,150 square feet of 459 climate-controlled units; Nellis Boulevard located at 2645 S. Nellis Boulevard in Las Vegas offering 48,850 square feet of 387 climate-controlled units; Coursey Boulevard located at 10811 Coursey Boulevard in Baton Rouge, Louisiana, offering 70,307 square feet of 595 climate-controlled units; and Jefferson Highway located at 10770 Jefferson Highway also in Baton Rouge, Louisiana, offering 67,015 square feet of 496 climate-controlled units. 

To date, Devon manages 119 properties for 12 property-owners across the nation. Devon expects to add approximately 100 additional self-storage facilities by year-end.

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About Devon Self Storage
Devon Self Storage, one of the largest privately owned national self-storage developers and operators, manages over 117 properties and approximately 91,400 units nationally. Founded in 1988 by Ken Nitzberg, and now a member of The Inland Real Estate Group of Companies, Inc., Devon has established itself as a leader in the self-storage industry having owned, managed, or developed more than 350 self-storage facilities in 27 states and three European countries. Inland and Devon are headquartered in Oak Brook, Illinois.

For more information on Devon Self Storage, please visit www.devonselfstorage.com.

For more information on The Inland Real Estate Group of Companies, Inc., please visit www.inlandgroup.com.