PRESS ROOMNEWS RELEASE

Devon Assumes Management of Four Self-Storage Assets in Texas

Oak Brook, IL – Devon Self Storage (“Devon”), a member of The Inland Real Estate Group of Companies, Inc. (“Inland”), announced today it has assumed the property management of four self-storage properties located in Houston, Texas.

The collection of single-level properties, totaling 1,775 units and 257,000 square feet, includes:

• a 479-unit facility at 9840 Bissonnet Street;
• a 417-unit property at 13800 Veterans Memorial Drive;
• a 500-unit facility at 1918 Gessner Road;
• and a 379-unit property at 6300 West 43rd Street.

“We are pleased to add these four high quality self-storage facilities to our rapidly growing property management portfolio,” commented Matt Tice, co-CEO and president of Devon. “The Inland and Devon teams have dedicated significant efforts in evaluating locations, understanding the market audience, and creating a strategic plan to maximize every property’s performance. From the beginning of the year to-date Devon’s owned and managed portfolio has grown 105 percent.”

Devon currently manages 191 properties for approximately a dozen property owners across the nation.

###

About Devon Self Storage
Devon Self Storage Holdings, LLC, one of the largest privately owned national self-storage developers and operators, manages over 191 properties. 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 32 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.