Storage USA Inc.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	107,517	58.1
Net Income	43,526	49.3
Rank Last Year: 76

Description:
Storage USA is a real estate investment trust that owns, manages, builds and franchises self-storage facilities. It operates 286 self-storage facilities in 31 states and the District, making it the fourth-largest player in the industry.

Business Resume: Contact Info -- 10440 Little Patuxent Pkwy. Columbia, Md. 21044 410-730-9500 Main Business -- Real estate investment trust Founded -- 1985 Chairperson -- Dean Jernigan (CEO) President -- Thomas Robinson Employees -- 950 D.C.-Area Employees -- 60

Developments:
Storage USA spent much of the past year buying storage facilities and raising money to finance the purchases in that order.

During 1996 the company acquired 82 facilities totaling 5.4 million square feet of space for about $304 million. In addition, the company built two facilities in Northern Virginia at a cost of $9.2 million and completed expansions on five existing facilities.

Last month Storage sold a 28 percent stake to Security Capital U.S. Realty for $220 million. Also in March it raised an $50.7 million through a public stock offering.