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Simply Self Storage Opens New Development
 
San Antonio, TexasFriday, September 05, 2008
ORLANDO, Fla. – OB Companies/Simply Self Storage announced today the recent opening of its second self storage facility in San Antonio, Texas, located adjacent to the Ingram Park Mall. This is the fourth joint venture development project between Simply Self Storage and the Simon Property Group.

Simply Self Storage and the Simon Property Group opened their first joint venture site in Pensacola, Florida and their second one in Castleton, Indiana. Both locations were opened in 2007.

Simply Self Storage Ingram Park is a three-story building with 644 spaces and many of the standard Simply Self Storage amenities including heated and cooled spaces, motion sensor lighting, elevators, gated property, and video monitoring. It will also offer a unique self service kiosk that will be conveniently located in the Ingram Park Mall. Customers will be able to reserve space, buy a lock, and make a lease payment through the kiosk.

Simply Self Storage, based in Orlando, Florida has offices, developments and self storage facilities in California, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, Virginia and Puerto Rico. Simply Self Storage has over 16 million square feet of storage space with 228 operating self storage facilities.

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers®, The Mills®, community/lifestyle centers and international properties. It currently owns or has an interest in 383 properties comprising 261 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company's website at www.simon.com.

For information contact:

Jessica Wolf
Public Relations

DJ Hobek
Director of Marketing



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