CubeSmart Self Storage (Managed) – Colorado Springs, CO

Deal Highlights

• Opportunity to Lease-Up a Newly-Constructed Class A Facility in the Affluent Colorado Springs Market

• Incredibly Fast Lease-Up Velocity of 45 Percent in the 10 Months Since Opening

• Ability to Increase Rental Rates by 12 Percent to Reach Market Levels

• No Other Facilities Under Construction or Being Developed in a One-Mile Radius

• Very Low Supply of 6.11 NRSF Per Capita in a Three-Mile Radius

• Subject is Located in a Wealthy Submarket Boasting Median Household Incomes of $129,000

• Strong Population Growth of 6.2 Percent in the One Mile and 3.1 Percent in the Three-Mile Radius

• Colorado Springs is Established as their Own Principal City of the Metro Area