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ATTRACTIVE RETURNS DRAWING Executive …

2005 Annual ReportSelf-storage is gaining favor as an alternative to other commercial real estate. Salesvelocity throughout the country was up 10 percent last year, driven by activity inthe North Central and Northeast regions, where velocity more than doubled. Overalldollar volume reached nearly $800 million, up 50 percent from the prior year andmore than two times the volume reported in 2001. The favorable lendingenvironment, combined with significant investor competition in core propertysectors, fueled increased capital flows to alternative real estate sectors, such as self-storage.

2005 Annual Report Self-storage is gaining favor as an alternative to other commercial real estate. Sales velocity throughout the country was …

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