Self Storage News

• Storage Deluxe Announces Opening of New Facility in the Bronx, New York
• Storage Deluxe Acquires Building in Bronx, New York
• Storage Deluxe Opens New Facility in the Bronx, New York
• Storage Deluxe Acquires Self-Storage Facility in Freeport, New York
• Storage Deluxe Named SSA Facility of the Month, September 2002
• Storage Deluxe Is Awarded Two Management Contracts
• Storage Deluxe acquires 110,000 SF Building on Brook Avenue in the Bronx, New York
• Storage Deluxe acquires 2887 Atlantic Avenue, Brooklyn, New York, a 90,000 SF Building
• Storage Deluxe acquires 1125 Wyckoff Ave, Queens, NY
• Storage Deluxe acquires 1,400 unit self storage facility (PDF)
• Storage Deluxe acquires 80 S. Kensico Ave., White Plains, NY, a 1,400 Unit Self Storage Facility (PDF)

NEW YORK, New York, November 3, 2003 -- Storage Deluxe, a Manhattan-based owner, developer and manager of self-storage facilities, announced today that it has acquired 2887 Atlantic Avenue, Brooklyn, New York, a 90,000 square foot building. The five-story industrial building will be transformed into a state-of-the-art self-storage facility. The property has tremendous visibility and access on Atlantic Avenue, a six lane road, and is in close proximity to Starrett City, one of the largest federally funded housing complexes in the country. Upon completion, the property will contain approximately 1,400 self-storage units. The features will include climate-controlled units, individual door alarms, video surveillance and a free pick up service.

With the purchase of 2887 Atlantic Avenue, Storage Deluxe now owns, has interest in, and manages eight facilities containing over 1,000,000 square feet of storage space and over 12,000 self-storage units in the greater New York area. In addition, Storage Deluxe will add a ninth facility to its portfolio this winter.

Commenting on the acquisition, Steven Novenstein, Partner and Chief Development Officer stated, "The Company has been very successful in the Bronx, Westchester and Long Island, and we are very excited about developing our first self-storage facility in Brooklyn. Our goal continues to be developing the most modern, convenient and highest quality self-storage product in the area."

Storage Deluxe is a real estate company specializing in the acquisition, development, and management of self-storage properties. Storage Deluxe is aggressively searching for more acquisitions and developments. For more information, visit our website at www.storagedeluxe.com.