This higher demand, coupled with slowing supply growth,
will likely result in moderate rent and income growth in the medium
term ," said Youguo Liang, managing director, PREI research.

Business Editors

VENLO, Netherlands ----Schneider
Logistics announced the opening of a new office in Olomouc, Czech
Republic, as it further develops its European business.

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C. The
transaction, which spreads the assets among the six portfolios, is
expected to close early in the third quarter. Schneider
Logistics helps customers increase supply chain efficiency, reduce
costs and improve service levels by utilizing its extensive
operational expertise, experienced logistics professionals and large
network of transportation and service providers.

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(NYSE: PRU), is
acting on behalf of institutional investors in four open-end
commingled funds and two single client accounts.

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"As employment levels have been increasing during the current
economic expansion, demand for self-storage has been recovering and
strengthening .

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Mr. Proks, who is the operations
director at the Olomouc location, will head a team that will include
operations, information technology and carrier contracting
specialists. First documented in
1055 and second only to Prague in national historical significance,
Olomouc is an important regional center for culture and learning.
Established in 1997, its European headquarters are located in
Venlo , Netherlands.

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Extra Space Storage will
manage the properties, in addition to owning 61 additional sites,
along with Storage USA's joint venture and franchise facilities."
In addition to taking advantage of market trends, the transaction
expands PREI's already-existing relationship with Extra Space Storage,
which began in 1998 when PREI's merchant banking team formed joint
ventures to acquire and develop self-storage facilities.e.3 billion.
Joining Schneider Logistics to lead the expansion in Olomouc is
industry veteran Petr Proks who has opened numerous greenfield
locations for global organizations.

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3 million
square feet of storage space. Self-Storage
Market, PREI said self-storage has similar characteristics to the
apartment property sector such as demand attributes , lease terms and
operating leverages., headquartered in Salt Lake City, Utah,
is a real estate investment trust that owns and operates 148
self-storage properties in 20 states." He added, "Given the growth of our business,
we project the creation of a large number of local jobs over the next
three years.

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Proks said, "I am very excited to be joining the Schneider
Logistics team as it expands in the emerging central and eastern
European markets.

views media

"This
positive outlook for the self-storage industry, attractive cap rates
and high diversification benefits make self-storage an attractive
consideration for institutional investors.6 billion on behalf of more than 350 clients as of
December 31, 2004; net assets under management (i."
A key service that Schneider Logistics will also offer through
Olomouc is freight audit and payment.schneiderlogistics.

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Extra Space Storage Inc.

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com

Prudential Financial companies, with approximately $496 billion in
total assets under management as of March 31, 2005, serve
individual and institutional customers worldwide and include The
Prudential Insurance Company of America, one of the largest life
insurance companies in the United States.com

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Prudential Real Estate Investors Joins Extra Space Storage to Acquire Storage USA; PREI Anticipates Increase in Demand for Self-Storage as Economy Expands

To date, PREI
has invested $133 million in 32 properties in partnership with Extra
Space Storage.com

###

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Additionally , PREI expects demand should increase as the economy
transitions from recovery to expansion.extraspace . The Olomouc location will enhance our service in
this growing market and enable us to deliver greater value to
customers.

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PREI managed total
assets of $23.

Schneider Logistics Moves East for Office Expansion

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PREI provides global real estate investment management services in
the United States, Europe, Asia and Latin America. For more information about Schneider Logistics,
visit www .

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Business Editors/Real Estate Writers

PARSIPPANY, N. The properties, located in 30 states and
Washington, D.

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PREI, the real estate investment management
and advisory business of Prudential Financial, Inc.S. Additionally, PREI has invested in self-storage assets
throughout Europe, bringing its total investment in the sector since
1998 to $500 million."
Mr.

About Schneider Logistics

Schneider Logistics, a wholly owned subsidiary of Schneider
National, is a leading provider of technology based logistics services
that enable its customers to effectively manage the flow of material,
information, and funds through their supply chains.

directories czech

J. Additional Extra Space Storage information is
available at www.

regional europe

"
In a recent research report entitled, The U. The office is
the new Shared Service Center for European logistics services.

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(NYSE: EXR). For more information, visit www.

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PREI has committed more than $1.
"Until now, this sector has primarily been owned by REITs and
private investors, but is becoming increasingly popular among
institutional investors," said Charles Lowrey , CEO of PREI. Schneider Logistics specializes
in freight audit and payment to enable its customers to analyze
freight costs and carrier performance across business lines, product
groups and decentralized operations throughout different geographic
regions.

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"Through
this transaction, we're able to put a large amount of institutional
money to work to provide investors with a geographically diverse
exposure to this sector, which offers the potential for good returns
through increases in rents and occupancy. The Company's properties
comprise more than 87,500 units, 9 million square feet rented by over
70,000 tenants., after deduction
of associated debt and liabilities) were $16. For more
information, visit www.prei.prudential.

economy regional

----Prudential Real
Estate Investors (PREI) announced today that it has reached an
agreement to acquire Storage USA's assets from GE Commercial Finance,
the business-to-business financial services unit of the General
Electric Company (NYSE:GE), through a joint venture with Extra Space
Storage Inc., are concentrated in California, Florida, the
Northeast and the Middle Atlantic regions. In addition, the report says that, along with the
apartment sector , self-storage provides another way to diversify
portfolios with large office, retail and industrial allocations.
Willem-Jan van Vorstenbos, managing director of Schneider
Logistics in Europe, commented , "Olomouc, with its skilled and
multilingual labor force, will position Schneider Logistics to
accelerate growth of its European logistics services and better
service its customers.

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5 billion in equity to the
transaction, which includes joint venture ownership of more than 250
storage facilities, with more than 182,500 units totaling 18. These companies offer a
variety of products and services, including life insurance, mutual
funds, annuities, pension and retirement related services and
administration , asset management, securities brokerage, banking and
trust services, real estate brokerage franchises and relocation
services.
Olomouc is in the eastern Czech region of Moravia, 280 kilometers
from Prague and 80 kilometers northeast of Brno.