PRESS ROOMNEWS RELEASE

Devon Self Storage Portfolio Grows to More than 170 Properties

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 contracts for 19 self-storage properties in Arizona (5), Florida (1), Georgia (2), Kentucky (2), Tennessee (2), Texas (5), Oregon (1), and Washington (1), totaling approximately one million square feet. The facilities will be integrated onto the Devon platform, including being added to www.devonselfstorage.com where customers can address their storage needs.

“Since the beginning of the year, we’ve added 62 properties to Devon’s owned and managed self-storage portfolio,” commented Ken Nitzberg, Co-CEO of Devon. “This immense amount of growth is a testament to the synergies resulting from the Inland acquisition of Devon and we look forward to continuing the expansion of our national footprint.”

The average occupancy of the 19 new facilities is approximately 76 percent, bringing the total units owned and managed across the portfolio to more than 95,000.

Devon currently manages 171 properties for approximately a dozen property owners across the nation.

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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 171 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 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.