A Note of Thanks. by Ben Vestal

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1 Americ s Premier Self Storge Brokers Mrket Monitor Issue XI-2016 A Note of Thnks by Ben Vestl This time of yer, we find ourselves reflecting on the things tht we re grteful for nd the people who men the most to us. Here t Argus, we re most thnkful for the men nd women who work hrd every dy to serve the needs of their self storge clients. The Argus Self Storge Sles Network is mde up of over 50 self storge professionls round the country who re helping their clients nvigte the buying nd selling process. We feel it is time for Argus to recognize nd congrtulte the Argus Affilites nd their respective tems round the country. Over the pst 22 yers, Argus Affilites hve closed over two billion dollrs in self storge trnsctions for the benefit of their clients. These trnsctions hve rnged from $200,000 to over $80 million. Argus ffilites hve recently closed over $170 million with nother $50 million under contrct nd $200 million currently listed. For mny of our clients, the purchse or sle of their property is complex nd life chnging event. We re honored tht they hve chosen n Argus Broker Affilite to help them nvigte the process. Here is wht some of them hve to sy bout their experience working with n Argus Broker Affilite: Jeff Gorden performed exctly s he sid he would nd lived up to ll expecttions. I hve been long time commercil broker but took our storge to Jeff to list nd sell the property becuse I felt he ws n expert in storge fcilities. Jeff is professionl with mny contcts nd did gret job of selling our fcility t the full listed price. -Ross Wit I hve hd the plesure of working with Sturt Wde on severl trnsctions nd in other cpcities within the self storge industry. His experience nd in depth industry knowledge hve mde him n indispensble sset to our orgniztion. His strightforwrd nd cndid pproch gives us the confidence to mke crucil decisions knowing we hve n industry vetern helping to guide us. - Noh Mehrkm I m more thn hppy to refer Bruce Bhrmsel to other mini storge owners. There re two things I relly liked bout him: he tlked to me nd not t me nd he lwys worked with me to get my two mini storges sold. I cn sy for sure without Bruce s bility to del with different personlities I would not hve sold my properties. - Robert Willimson Extr Spce is in this business for the long hul, we re looking to hve long term reltionships nd build nd mintin our reputtion. We re not willing to risk our reputtion on someone tht cn t represent us well, tht s why we hve used Argus in the pst nd tht s why we will use Argus gin nd gin. Integrity nd reputtion is why Extr Spce will prtner with Argus for mny dels going forwrd. - Noh Springer, Extr Spce Jon Lucs provided excellent nd professionl service to me in the cquisition of self-storge properties in Colordo. Her work in site selection, negotition nd mrket reserch ws outstnding nd I look forwrd to working with her in serch of similr opportunities in the future. - Hugh W. Horne Richrd Minker nd Chd Snyder were instrumentl in getting our two fcilities sold. They knew the plyers to pproch nd took the time to understnd the mrket. Their efforts delivered buyer nd contrct tht exceeded our expecttions. One could sy tht they under-promised nd over-performed to get our trnsction over the finish line. - John Drennn I purchsed my fcility in September 2013 nd worked with n excellent broker, Bill Brownfield, who guided me through the whole process from identifying nd evluting potentil fcilities to obtining finncing nd closing. Since I ws new to the industry, Bill suggested tht I join the TSSA nd tht hs been n invluble resource to me s I lern best prctices for my self-storge business. - Bill Gibbs (continued)

2 I hve enjoyed working with Tom de Jong on my self-storge projects. Tom is lwys ccessible, responds quickly nd isn t frid to tckle complex or delicte negotitions on my behlf. I would highly recommend Tom if you re working on self-storge purchse, sle or development opportunity - Ted Crocker Our experience with Frost Wever went well beyond the norml customer/reltor reltionship. We relied on Frost to collect informtion, spek with ttorneys, title compnies nd negotite gret del of points besides prices. We were impressed with the knowledge tht Frost nd his group brought to the process. - Bob Webb Working with Guy Blke on this cquisition ws gret! He is consummte professionl who knows the brokerge gme AND knows the storge business. Tht ws importnt becuse it ws complicted trnsction nd Guy s knowledge nd experience helped us work through it to successful closing. Dn L Fever My pprecition for Lind Cinelli s skill nd expertise is difficult to put into words. Her concern nd tireless work on behlf of getting the del done is second to none. I pprecite her dediction nd devotion to the needs of both prties nd we look forwrd to closing mny more dels with Lind in the future. -Michel Friedmn We hd the plesure of working with Sturt LGroue nd Bill Brnhill. The sle of our business ws smooth nd professionl from strt to finish. They re very dedicted, esy to work with nd were vilble t ny time to nswer our questions. We strongly recommend Sturt, Bill, Argus nd Omeg Properties to others interested in looking to sell or purchse self storge fcilities. Your interests will be treted firly nd professionlly. -Allen nd Debbie Middleton Ben Vestl, President of the Argus Self Storge Sles Network, cn be reched t or bvestl@rgus-relestte.com. Specil Offer! Yer End Mrket Review Check up on your mrket with free Mrket Competition Report! This is gret wy to see how your mrket is chnging s we rech the end of the yer. Your report will include: 1, 3 nd 5 mile demogrphic dt Mrket competition mp List of competitors within 5 miles Rentl rtes of your closest 5 competitors To request report, cll your Argus Broker Affilite listed on the bck pge of the Mrket Monitor!

3 Property Showcse Boulder, CO Cll Broker for Price 686 Units 67,973 RSF 4.58 Acres Rre opportunity to cquire gret performing property in Boulder Mjor prtment nd commercil development nerby Fully fenced nd gted Clremont, NH 350 Units 82,017 RSF 1.2+/- Acres Only climte controlled fcility in downtown Clremont 83 moveble storge continers Room for expnsion Office rentl, U-box nd U-Hul income Jon Lucs Joe Mendol Vero Bech, FL $2,350, $454, Units 17,625 RSF 1.22 Acres Investor upside potentil in occupncy nd rtes Frontge on Route 60 Growth in surrounding mrkets Austin, TX Cll Broker for Price 355 Units 54,036 RSF 3-Property Portfolio Exceptionl upside through revenue mngement nd ncillry income Miniml competition in the re Predictble csh flow with upside Frost Wever & Josh Koerner Bill Brownfield, CRE, CCIM Athens, GA $6,750,000 Killeen, TX $724, Units 81,498 RSF Acres Self storge conversion project Zoned nd permitted for self storge development Double street front with strong trffic exposure Richrd Minker, CCIM & Chd Snyder Mike Ptterson, CCIM Plymouth, IN 527 Units 73,637 RSF Acres 2-Property Portfolio Outstnding loctions with terriffic visibility Automted kiosks Gret historicl performnce Abundnt room to expnd Bruce Bhrmsel Units 21,050 RSF 3.5 Acres 10 Bot/RV Spces Close proximity to Ft. Hood Min Entrnce Expnsion opportunity $4,775,000 Minerl Wells, TX 394 Units 67,874 RSF 5.5 Acres Excellent exposure on min rtery to Minerl Wells, 1 hour from DFW Lnd for expnsion Moving supply sles Richrd Minker, CCIM & Chd Snyder chd.snyder@colliers.com $2,499,000

4 Sells Self Storge Ntionwide! For property detils, visit or contct your locl Argus Broker Affilite! Albm Atmore/Brewton $3,382,000 Bill Brnhill/Sturt LGroue Chelse, AL $3,000,000 Bill Brnhill/Sturt LGroue Loxley, AL $1,260,000 Bill Brnhill/Sturt LGroue Mobile, AL $1,685,000 Bill Brnhill Srlnd, AL SOLD Bill Brnhill/Sturt LGroue Arizon Fort Mohve $450,000 Jeffrey A. Gorden Mimi $1,089,000 Jeffrey A. Gorden Nogles $5,573,164 Jeffrey A. Gorden Vernon $795,000 Jeffrey A. Gorden Arknss Hot Springs Vlg $180,000 Lrry Goldmn Little Rock $900,000 Lrry Goldmn Springdle SOLD Lrry Goldmn Cliforni Burson $795,000 Tom de Jong Mntec SOLD Tom de Jong Modesto SOLD Tom de Jong Okdle $250,000 Tom de Jong Vllejo $1,850,000 Tom de Jong Colordo Boulder Cll Broker Jon Lucs Denver $13,000,000 Jon Lucs Evns/Greeley $1,652,450 Jon Lucs Florid Lke City $310,000 Frost Wever Penscol $1,400,000 Bill Brnhill/Sturt LGroue Port St. Joe SOLD Bill Brnhill/Sturt LGroue Vero Bech $454,000 Frost Wever Georgi Athens $6,750,000 Mike Ptterson Bremen $175,000 Mike Ptterson Crrollton $4,577,000 Mike Ptterson Columbus $1,250,000 Mike Ptterson Douglsville SOLD Mike Ptterson Lithi Springs $1,600,000 Mike Ptterson Mcon $450,000 Mike Ptterson Tifton $750,000 Mike Ptterson Winston $292,000 Mike Ptterson Iow Mson City $1,370,000 Rusty Hike Illinois Mcomb $950,000 Bruce Bhrmsel Senec $699,000 Bruce Bhrmsel Indin Plymouth $4,775,000 Bruce Bhrmsel Knss Iol $400,000 Lrry Goldmn Junction City $380,000 Lrry Goldmn Lnsing SOLD Lrry Goldmn S. Hutchinson $630,000 Jred Jones Kentucky Crestwood $1,700,000 Pul Grisnti Msschussetts Sutton $550,000 Joseph Mendol Michign Detroit Cll Broker Jim Soltis Missouri Clinton $268,000 Lrry Goldmn Frmington $695,000 Lrry Goldmn Frmington $3,750,000 Lrry Goldmn House Springs $450,000 Lrry Goldmn Wynesville $2,360,000 Lrry Goldmn Mississippi Cnton $850,000 Bill Brnhill/Sturt LGroue New Hmpshire Clremont $2,350,000 Joe Mendol Mnchester $10,000,000 Joe Mendol New Jersey Brnchville $1,390,000 Lind Cinelli Ewing $1,900,000 Lind Cinelli Hrdyston $7,400,000 Lind Cinelli Howell $2,350,000 Lind Cinelli Pemberton $975,000 Lind Cinelli New Mexico Mesill Prk $530,000 Dvid Etzold/Noel Woodwell Ruidoso $790,000 Dvid Etzold/Noel Woodwell New York Monticello $3,700,000 Lind Cinelli Peekskill $3,500,000 Lind Cinelli North Crolin NC Portfolio $2,300,000 Joey Godbold/Jmey Cox Wdesboro $758,000 Joey Godbold/Jmey Cox Wilmington $1,400,000 Joey Godbold/Jmey Cox North Dkot Wtford City $1,200,000 Bruce Bhrmsel Ohio Gloucester $299,000 Alec Pcell Oklhom Ad $2,500,000 Jred Jones Duncn SOLD Jred Jones Edmond $650,000 Jred Jones Pryor $320,000 Jred Jones Pennsylvni Bechtelsville $1,350,000 Chuck Shields Olyphnt $925,000 Chuck Shields Plymouth $795,000 Lind Cinelli/Chuck Shields South Crolin Lncster $695,000 Joey Godbold/Jmey Cox Texs Arlington Cll Broker Richrd Minker/Chd Snyder Austin Cll Broker Bill Brownfield Bulrverde Cll Broker Bill Brownfield Fort Worth Cll Broker Richrd Minker/Chd Snyder Killeen Cll Broker Richrd Minker/Chd Snyder Minerl Wells Cll Broker Richrd Minker/Chd Snyder Red Ok Cll Broker Richrd Minker/Chd Snyder Virgini Windsor $2,100,000 Sturt Wde Wshington Cthlmet SOLD Tom de Jong/Thoms Wolter Shelton $995,000 Thoms Wolter

5 ARGUS SALES Congrtultions to Thoms Wolter of RE/MAX Commercil nd Tom de Jong of Colliers Interntionl who sold Cthlmet Puget Islnd Storge in Cthlmet, WA. Contct Thoms t or Tom t for detils. Congrtultions to Mike Ptterson, CCIM of Commercil Relty Services of West Georgi who sold A Qulity Storge in Douglsville, GA! Mike cn be reched t for detils. Congrtultions to Lrry Goldmn, CCIM of RE/MAX Commercil who sold 265 Super Storge in Springdle, AR nd Crestline Storge in Lnsing, KS! Lrry cn be reched t for detils. Congrtultions to Tom de Jong of Colliers Interntionl who sold Mntec Self Store-It in Mntec, CA nd Modesto Self Store-It in Modesto, CA! Tom cn be reched t for detils. Congrtultions to Jred Jones, CCIM of Porthven Prtners who sold Duncn Mini Storge in Duncn, OK! Jred cn be reched t for detils. Congrtultions to Bill Brnhill, CCIM nd Sturt LGroue of Omeg Properties, Inc. who sold Climte Msters Self Storge in Srlnd, AL nd Americ s Mini Storge in Port St. Joe, FL! Contct Bill nd Sturt t for more informtion. Contct n Argus Broker Affilite NORTHEAST Compny Phone Territory Guy Blke, CCIM Pyrmid Brokerge Compny Upstte NY, Western CT Lind Cinelli, CCIM, CEA LC Relty Northern NJ, NY (NYC, Long Islnd) Joseph Mendol NAI Norwood Group MA, ME, NH VT, Estern CT Chuck Shields Becon Commercil Rel Estte Estern PA, Southern NJ, DE SOUTHEAST Bill Brnhill, CCIM Omeg Properties, Inc FL Pnhndle N.J. Joey Godbold SVN Percivl Prtners NC, SC Mike Ptterson, CCIM Commercil Relty Services of West Georgi GA Sturt Wde The Nicholson Compnies MD, VA Frost Wever Wever Relty Group, Inc North, Centrl & South FL NORTH CENTRAL Bruce Bhrmsel Wvelnd Commercil Rel Estte, LLC Northern IL, Northern IN, WI Rusty Hike Hike Rel Estte NE, IA Alec Pcell, CCIM NAI Dus OH, Western PA Lrry Goldmn, CCIM RE/MAX Commercil KS, MO, Southern IL Mike Helline & Pul Grisnti, CCIM Grisnti Group Commercil Rel Estte KY, Southern IN Jim Soltis Preview Properties.com MI SOUTH CENTRAL Bill Brnhill, CCIM Omeg Properties, Inc AL, MS, LA Bill Brownfield, CRE, CCIM Brownfield & Assocites, LLC South & Centrl TX Dvid Etzold Etzold & CO LLC West TX Lrry Goldmn, CCIM RE/MAX Commercil AR Mike Helline & Pul Grisnti, CCIM Grisnti Group Commercil Rel Estte TN Jred Jones, CCIM Porthven Prtners OK Richrd D. Minker, CCIM Colliers Interntionl North TX WEST Steve Avnzino NAI Allince NV Tom de Jong Colliers Interntionl Northern CA Dvid Etzold Etzold & CO LLC NM Jeffery A. Gorden, CCIM Egle Commercil Relty Services AZ Lrry Hyes Hyes & Assocites MT Jon Lucs Jon Lucs Rel Estte Services, LLC CO Doug She & Peter Pppgeorge INCO Commercil Southern CA Thoms Wolter RE/MAX Commercil WA

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