Released on = March 8, 2007, 11:45 am

Press Release Author = Self Storage Promotions

Industry = Real Estate

Press Release Summary = Marcus & Millichap's national investor network and marketing
platform builds a bridge across four states to broker sale of Connecticut facility.

Press Release Body = TAMPA, FL - March 1, 2007 - Marcus & Millichap's Mele Storage
Group is well-known for closing mega self-storage deals in Florida, but the team
proved once again that it can partner with other brokers and employ the corporate
platform to yield the best results for its clients with the $2.325 million sale of a
50,925-square foot self storage in Waterbury, Conn.

Michael Mele, Senior Investment Associate at Marcus & Millichap's Tampa, Fla.-based
Mele Storage Group, and Charles "Chico" LeClaire, Senior Investment Associate in
Marcus & Millichap's Denver office, co-listed the property. Marcus & Millichap's
co-listing strategy leveraged Mele's East Coast track record and market knowledge
together with LeClaire's extensive institutional investor network and 17 years of
experience to ensure the seller the best price for the facility. The Marcus &
Millichap duo architected the deal on the foundation of the corporate platform,
distributing the co-listing to 1,200 Marcus and Millichap brokers as well as their
own database of over 5,000 self-storage investors. A Houston, Texas-based
self-storage specialist with Marcus & Millichap, Don Clements, saw the listing and
convinced one of his clients, a local Texas investor, to explore the value in the
property. The Texan investor saw the opportunity and entered the highest offer. The
deal was closed in just over 60 days.

"The Waterbury deal illustrates some of the advantages of the Marcus & Millichap
platform," said Mele, who is also President of the Florida Self Storage Association.
"Most property owners hire a single broker and rely on his contacts and marketing
skills to close the sale. But our system exposed the Waterbury property to thousands
of brokers and investors. The Texan buyer probably wouldn't have even known about
the Connecticut property without our proprietary system. Our platform offers clients
a means to get their facility in front of a network of qualified institutional and
private client buyers."

Indeed, the Mele Storage Group's latest deal demonstrates that, although location is
a primary function of a saleable property, a skilled broker with a breadth of
industry contacts can broker a deal from anywhere. The team mentality and marketing
resources that Mele and LeClaire tapped into helped the institutional seller get the
highest offer for the facility. The facility is located on four acres close to a
major interstate intersection and surrounded by two residential neighborhoods. The
complex includes eight single-story buildings and an on-site manager's office and
apartment. There are 486 storage units, 43 RV parking spaces and one billboard
behind a 24-hour electronic gate access system surveyed by cameras.

However, there were some potential setbacks to the sale. The facility was built in
the mid-1980s and was suffering high vacancy rates, making it less desirable in some
investing circles. Many investors aim to purchase recently completed or even
mid-construction self-storage facilities in fast-growth communities at premium
prices. Finding the right buyer for the Connecticut facility meant tapping into
Marcus & Millichap's extensive network of investors to find a buyer who could look
beyond the age and vacancy rate to the upside: an opportunity to upgrade the
facility, reduce vacancy rates, and enjoy higher yields in the near-term.

"When you work with the Mele Storage Group, you enjoy the backing of one of the
deepest commercial real estate brokerages in the nation in Marcus & Millichap," says
Mele. "In addition to our East Coast connections with investors, our relationship
with other Marcus & Millichap brokers, like Chico LeClaire and Don Clements,
guarantees our clients that their property will gain maximum exposure among active
investors. While the Waterbury sale isn't a mega deal, we are proud of the team
effort and the opportunity to show self-storage owners that Marcus & Millichap can
help them gain the most value from their property - no matter where it's located."

About The Mele Storage Group
Led by East Coast Self Storage Specialist Michael A. Mele, The Mele Storage Group
has sold over 70 self-storage properties totaling over $294 million in sales. Mele
has over $117 million in Active and Under Contract listings and a database of
approximately 3,200 buyers seeking to expand their self-storage portfolios on the
East Coast. Mele closed more than $86 million in self-storage sales in 2006 alone.
Each member of the group is a specialist in the fields of financial analysis, market
research, contract management and marketing.

About Marcus & Millichap
With more than 1,100 investment professionals in offices nationwide, Encino,
Calif.-based Marcus & Millichap is the largest commercial real estate brokerage in
the nation focusing exclusively on real estate investments. In 2006, the firm closed
more than $22 billion in transactions. Founded in 1971, the firm has perfected a
powerful system for marketing properties that combines product specialization; local
market expertise; the industry's most comprehensive research and analysis
capabilities; state-of-the-art technology; and established relationships with the
largest pool of qualified investors nationally.

PR Contacts:

Self Storage Promotions
Jennifer LeClaire
1913 S. Ocean Drive, Suite 237
Hallandale Beach, Fla. 33009
jennifer@selfstoragepromotions.com
954.454.0072

Mele Storage Group
Darlina Conto
7650 Courtney Campbell Cswy., Suite 920
Tampa, FL 33607
Dconto@marcusmillichap.com
813.287.9777, ext. 187



Web Site = http://www.melestoragegroup.com

Contact Details = Self Storage Promotions
Jennifer LeClaire
1913 S. Ocean Drive, Suite 237
Hallandale Beach, Fla. 33009
jennifer@selfstoragepromotions.com
954.454.0072