Central Self Storage
9404 North 19th Avenue, Phoenix, AZ

Property Summary:
Central Self Storage is located 11 ½ miles north of downtown Phoenix.  It is comprised of 608 units consisting of both climate and non-climate controlled.  There are large residential complexes nearby mostly to the east.  It is currently developed with 16 concrete and block buildings that were constructed in 1972, 1973 and 1989.  There is a total of 76,865 rentable square feet.  This project suffered from lack of professional management and poor market positioning.  Using a combination of professional management and capital improvements this will be an outstanding performer.

Investors Projected Average Annual Return : 23%

American Mini Storage
10505 US Hwy 64, Arlington, TN

Property Summary: American Mini Storage III, also known as Lock N Latch, is comprised of 675 units consisting of climate controlled, non-climate controlled and RV spaces.  All American Property Management has infused this project with $300,000 of equity for capital improvements.  These capital improvements have been completed.  Subsequently, under performing units have been vacated and lease up is underway.  Repositioning of this asset is expected to be completed by Fall 2008.

Investors Projected Average Annual Return: 24%

Storage Depot
720 Bert Kouns Industrial Loop, Shreveport, LA

Property Summary:
Storage Depot is a 442 unit self storage facility sitting on 6.57 acres of land in Shreveport, Louisiana.  These numbers reflect improvement through management repositioning and lease up.  The current projection does not include the planned expansion of the project which should significantly improve returns.

Investors Projected Average Annual Return: 25%

The Storage Place
7020 North Camino Martin, Tucson,, AZ

Property Summary: The Storage Place is located at 7020 North Camino Martin, Tucson, Arizona, approximately 11 miles northwest of downtown Tucson. It is made up of 510 storage units, both climate (273) and non-climate controlled (185). There are an additional 52 outdoor gravel RV parking spaces. This parking area has been approved for an additional 18,500 SF of storage building. It is currently developed with eight buildings that were constructed in 1998, 1999, 2001, 2002, & 2005. The office sits at the end of one of the storage buildings and is 1,200 SF. A total of 53,400 SF of building space is available for storage.