Since our last update Sure Storage USA has continued to capitalize on our growth opportunities. We have new purchase contracts out on additional properties in Las Vegas and Denver as well as a new letter of intent out on a phenomenal opportunity in Houston. The market continues to play in our favor!
As I mentioned previously, Sure Storage USA will be exhibiting at this year’s Inside Self Storage World Expo. Our team is excited to have so many potential sellers at the show as a captive audience to share our story with. Our message will be simple….2010 is the year to sell! We believe that our message will resound clearly with the large number of operators who enjoyed the easy money of 2005-2007 who must now find solutions to deal with their maturing loans. Sure Storage USA is offering solutions to today’s challenges. While a portion of our team will be sharing that message with anyone who will listen, the remainder of the group will be participating in the industry’s foremost educational program that is tailored to today’s self-storage professionals. It will be an exciting time and we look forward to sharing our successes with you.
Here we grow again! We continue to add properties to our pipeline and our team is currently analyzing properties in Tucson, Austin, San Antonio, Houston, Dallas and Central California in addition to those that I have shared with you previously.