SOURCE: Strategic Storage Trust, Inc.

Strategic Storage Trust, Inc.

February 13, 2009 13:06 ET

Strategic Storage Trust, Inc. Closes on $9.9 Million Purchase of 3 Storage Centers at Prime Locations in Greater Cincinnati

LADERA RANCH, CA--(Marketwire - February 13, 2009) - Strategic Storage Trust, Inc. (SSTI) today announced it has finalized the $9.9 million acquisition of three high-profile self-storage facilities located in busy traffic corridors in the greater metropolitan area of Cincinnati, Ohio.

Completing the purchase of the three Best Self-Storage properties brings an additional 1,295 storage units and 211,000 square feet of leasable space into the portfolio of SSTI, a publicly registered, non-traded REIT.

"These are all highly visible locations in active and growing commercial areas, and they're all well occupied," said H. Michael Schwartz, SSTI's Chairman and CEO. "The purchase means we are continuing to build a solid portfolio of well-positioned assets with potential for further growth."

All three Best Self-Storage properties are in Northern Kentucky within 15 miles of downtown Cincinnati and in areas with above average household incomes.

--  A 434-unit self-storage facility in Walton, Ky., sits on approximately
    7.5 acres and contains approximately 72,000 rentable square feet of self-
    storage space.
    
--  A 344-unit self-storage facility in Crescent Springs, Ky., sits on 2.6
    acres and contains approximately 57,200 rentable square feet of self-
    storage space.
    
--  A 517-unit self-storage facility in Florence, Ky., sits on
    approximately 7.0 acres and contains approximately 81,800 rentable square
    feet of self-storage space.
    

SSTI's strategy is to identify key self-storage properties nationwide for acquisition. Since October, SSTI has acquired facilities in Biloxi, Miss., Gulf Breeze, Fla., and Manassas, Va.

Information in this press release was primarily obtained from the appraisals of the properties. Although we believe this independent source is reliable as of its date of issuance, the information contained therein has not been independently verified and we cannot ensure the accuracy or completeness of this information. As a result, you should be aware that the market and demographic data contained in this press release, and beliefs and estimates based on such data, may not be reliable.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our real estate investment strategy; uncertainties relating to financing availability and capital proceeds; uncertainties relating to the closing of property acquisitions; uncertainties relating to the public offering of our common stock; uncertainties related to the timing and availability of distributions; and other risk factors as outlined in the Company's prospectus, as amended from time to time. This is neither an offer nor a solicitation to purchase securities.

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