Investment Overview

INSTITUTIONAL MANAGEMENT PLATFORM // All three assets are operated by Extra Space Storage, and currently average 89 – 95 percent occupied. Extra Space has managed each property for less than 24 months providing continued upside through dynamic pricing, ECRI implementation, and a seamless transition for new ownership. SUNBELT GROWTH + HEALTHCARE-DRIVEN ECONOMIC STABILITY // Houston and San Antonio benefit from large, growing trade-area populations (Houston: 192,845; San Antonio: 75,774). Rochester adds stability with a healthcare-driven economy led by Mayo Clinic and a 74,703 population within three miles. Together, these markets support organic rent growth and stable storage demand. FAVORABLE SUPPLY-DEMAND FUNDAMENTALS IN CORE TRADE AREAS // Houston and San Antonio sit in high-density corridors with largely stabilized inventory. Rochester has a smaller competitive set and demand tied to institutional employment, supporting occupancy and pricing power. No developments are known within three miles of any property. Average household incomes are $113,000 (Rochester) and $137,000 (San Antonio). STRONG VISIBILITY WITH DIVERSE DEMAND DRIVERS // Each asset sits on major traffic corridors with strong traffic and nearby dense housing. Houston benefits from heavy multifamily concentration and 20,000+ vehicles per day on Gessner Road. San Antonio draws from affluent suburbs (e.g., Shavano Park) with 38,000 vehicles per day. Rochester is on 7th Street and Highway 14 (45,000+ vehicles per day), capturing demand from medical professionals and residents and supporting cycle-resilient occupancy. Current supply: Houston 8.04 sf/cap; San Antonio 11.44 sf/cap; Rochester 4.06 sf/cap.