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Dean Jernigan was appointed Chief Executive Officer and President of the Company in April 2006, and was appointed to, and has served as a member of, the Company’s Board of Trustees since that time. Mr. Jernigan has been President of Jernigan Property Group, LLC (Jernigan Property), a Memphis-based company that owns and operates self storage facilities in the United States, since 2004. From 2002 to 2004, Mr. Jernigan was a private investor. From 1984 to 2002, he was Chairman of the Board and Chief Executive Officer of Storage USA, which was a publicly traded self storage company from 1994 to 2002. Mr. Jernigan served as a member of the National Association of Real Estate Investment Trusts’ Board of Governors from 1995 to 2002 and as a member of its Executive Committee from 1998 to 2002. Mr. Jernigan currently serves on the Board of Directors of Thomas & Betts, Inc., a NYSE-listed electrical components and equipment company. | 