SOURCE: U-Store-It

February 01, 2007 16:05 ET

U-Store-It Trust Appoints Ajai Nair Vice President and Chief Information Officer

CLEVELAND, OH -- (MARKET WIRE) -- February 1, 2007 -- U-Store-It Trust (NYSE: YSI) announced the appointment of Ajai Nair as Vice President and Chief Information Officer.

Mr. Nair joins U-Store-It as Vice President and Chief Information Officer from Brandywine Realty Trust, where he served as Vice President of Information Technology. He was responsible for aligning Information Technology strategy with Brandywine's aggressive growth plans. Prior to that, Mr. Nair acted as Chief Technology Officer of the Bridal Group division of the May Company, where he developed the Technical Services Group responsible for the support of over 800 stores nationwide. He brings over fifteen years of experience in Information Technology from such diverse companies as QVC, Cabletron Systems, David's Bridal, Inc., and Brandywine Realty Trust.

Christopher Marr, Chief Financial Officer, commented, "Ajai brings a unique combination of retail and real estate experience to the U-Store-It executive team. We are pleased to have his leadership and experience as we continue to use technology to achieve our strategic objectives."

About U-Store-It Trust

U-Store-It Trust is a self-administered and self-managed real estate investment trust focused on the ownership, operation, acquisition and development of self-storage facilities in the United States. The Company's self-storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the Self-Storage Almanac, U-Store-It Trust is the sixth largest owner and operator of self-storage facilities in the United States.

Forward-Looking Statements

Certain statements in this release that are not historical fact may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of the Company to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including without limitation: national and local economic, business, real estate and other market conditions; the competitive environment in which the Company operates; the execution of the company's business plan; financing risks; increases in the interest rates and operating costs; the Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition and development risks; changes in real estate and zoning laws or regulations; risks related to natural disasters; potential environmental and other liabilities; and other factors affecting the real estate industry generally or the self-storage industry in particular. The Company refers you to the documents filed by the Company from time to time with the Securities and Exchange Commission, specifically the section titled "Business-Risk Factors" in the Company's Annual Report on Form 10-K, which discuss these and other risks and factors that could cause the Company's actual results to differ materially from any forward-looking statements.

Contact Information

  • Contact:
    U-Store-It Trust
    Christopher Marr
    Chief Financial Officer
    (610) 293-5700