PRESS ROOMNEWS RELEASE

Devon Self Storage Secures Third-Party Property Management of Self-Storage Asset in Atlanta MSA

Oak Brook, Ill. – 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 a self-storage property located in Lawrenceville, Georgia, a suburb approximately 30 miles northeast of downtown Atlanta. This will be the third property Devon manages in Georgia via its third-party property management platform. The property is owned by an affiliate of Hand Properties, Inc. of Atlanta.

“We are thrilled to add this self-storage asset to our growing platform of third-party managed properties,” commented Ken Nitzberg, CEO of Devon. “Devon’s portfolio of self-storage properties will soon exceed 200 assets in 30 states, and our priority is to manage and improve each asset with best-in-class services and operational efficiencies.”

This self-storage property is located at 420 Grayson Highway. It was formerly a grocery store and redeveloped into a self-storage destination in 2017 by Hand Properties, Inc. The property offers 42,000 square feet of 349 climate-controlled units and covered RV and boat storage spaces. The property is currently 90% occupied.

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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 both 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.