INTEGRITY | EXPERTISE | PROFESSIONALISM | STRATEGIC | EXPERIENCED

Storage Group

INVESTMENT PHILOSOPHY

CORPORATE PROFILE

Platinum Storage Group is a privately-held commercial real estate company headquartered in Orange County, California. Platinum is a nationwide owner and operator of self-storage properties. Established in 1999 by Skip Elefante, a 30 year veteran of the self-storage industry, Platinum is currently ranked as a Top Operator and sits as a member of the Larger Operators Council and founding shareholder in the StoreLocal Marketing Co-op. Having managed and owned facilities in over 20 states, Platinum now operates a scalable platform that allows it to acquire properties for its own account as well as deliver turnkey property management solutions to third party owners. Platinum operates self-storage facilities located throughout 6 states. The portfolio is comprised of 2.4 million square feet of space valued at approximately $210 million.

In addition to Platinum-owned properties, the company represents individual and institutional investors. Platinum’s proven track record of identifying unique self-storage investments, as well as overseeing and implementing successful operating plans for each facility, has attracted numerous capital partners seeking to benefit from the lucrative investment opportunities available in the self-storage sector.

Platinum’s team delivers extensive experience in the acquisition, development and management of self-storage, but excels at identifying properties with value-added opportunities and potential for higher returns by expanding, renovating and repositioning these assets to produce potentially significant returns and increase their overall value.

At the core of Platinum’s culture is Mr. Elefante’s belief that every facility managed by the company should be operated as if it were his own.

Platinum Storage Group strives to make prudent investments that provide both short- and long-term value. Platinum utilizes a proven acquisition strategy to guide each investment; identifying properties that present upside potential with minimized risk. Coupled with an extensive and successful track record in managing self-storage facilities, Platinum seeks to provide predictable, risk adjusted returns.

Platinum Storage Group is an industry leader in the acquisition and management of self-storage facilities.

ACQUISITIONS

DEVELOPMENT

PROPERTY MANAGEMENT

FINANCIAL SERVICES

COURT-APPOINTED RECEIVERSHIP

SERVICES

Platinum Storage Group is focused on creating value through strategic acquisitions by utilizing expert underwriting, debt procurement, due diligence and equity-raising techniques. Platinum is actively seeking strategic assets in the form of acquisitions, note sales, and new developments. The company also works to facilitate partnerships with new equity sources seeking off-market deals available through an extensive network of relationships, which Platinum leverages to identify unique opportunities and provide risk-adjusted returns for its capital partners.

Platinum Storage Group has a strong background in the development and renovation of self-storage facilities. In response to changing market dynamics and demand, in recent years the company has focused on the renovation and repositioning of existing facilities. Whether ground-up construction or renovation and repositioning, Platinum is among the leading developers in the self-storage space.

Platinum Storage Group offers a diverse set of management services ranging from day-to-day operations to ongoing financial reporting, marketing services and budgeting. More than simple property management, Platinum seeks to provide “investment optimization,” a dynamic commitment to constantly evaluate and pursue every opportunity to increase the value of its partners’ investments.

Since its founding, Platinum Storage Group has served as a court-appointed receiver for numerous self-storage facilities on behalf of banks, institutions and private equity firms. The company has demonstrated an ability to preserve the viability of the business while maintaining the integrity of operations and financial reporting. Platinum provides a fresh management perspective to distressed storage facilities and effectively implements proven accounting and business practices that benefit a facility well beyond the receivership period. In most cases, Platinum has preserved, or even increased, the value of the underlying asset during the court-appointed receivership.

Platinum Storage Group provides a strong accounting team and sound financial practices to supervise the day-to-day activities and asset performance of its portfolio. Platinum tracks expenses throughout the year and seeks to mitigate unforeseen changes in cash flow or operating metrics as they occur. Through organization, efficiency and expense management, the company strives to achieve maximum profitability at each facility. An individual account manager oversees daily operations at each property, working with the corporate accounting team to provide budgeting, forecasting and thorough financial reporting throughout the year. Platinum also provides guidance regarding loan modifications and may assist in securing and refinancing debt.

Daniel “Skip” Elefante

{President and Chief Executive Officer}

EXECUTIVE TEAM

Platinum Storage Group’s seasoned team provides institutional experience in the areas of underwriting, property management, and lender and financial reporting in the self-storage industry. In addition, Platinum specializes in value-added acquisitions, development, professional third-party property management, loan modifications and negotiations with financial institutions, consulting and court-appointed receivership services.

Daniel “Skip” Elefante began his real estate career in the early 1980’s as a broker in the

single and multifamily home sector. In 1984, Mr. Elefante entered the self-storage

industry and quickly made a name for himself by catering to the growing demand for

professional self-storage property operators and investment opportunities in the sector

for high net worth and institutional investors. As a result, Mr. Elefante began structuring

joint ventures and partnerships with industry leaders.

By 1997, Mr. Elefante had completed more than $1 billion in self-storage transactions

and became one of the nation’s most respected and successful self-storage brokers and

facility operators, earning a reputation for sound business practices, unwavering

integrity and tireless effort on behalf of his investors, clients and partners.

In 1999 he founded Platinum Storage Group, consistently named one of the largest

owner and operator of self-storage facilities. Over the years, his business has become a

full-service self-storage venture, providing acquisition and disposition services,

development and construction management, property management, financial

consulting, and receivership services.

Driven by market changes in recent years, Mr. Elefante actively engages institutional

investors and private equity partners to form joint ventures for the purchase of

self-storage facilities. Additionally, he launched the Storage Direct brand to take

advantage of economies of scale

Genevieve Sigmund, President As President, Ms. Sigmund builds relationships with equity partners, identifies potential acquisition opportunities, forges alliances with key trade and industry groups, oversees investor relations for Platinum and provides the business and strategic vision for the company. Additionally, she works closely with other key members of the executive team to manage the company’s financial and banking relationships, human resources and the integration of properties into the company’s growing nationwide portfolio.

Prior to joining Platinum, Ms. Sigmund worked in the political arena as a consultant on high profile campaigns at the national, state and local level. Ms. Sigmund earned a bachelor’s degree from the University of Southern California with honors. Genevieve currently serves as board member in her chapter of the Young Presidents Organization and she also served in other leadership roles for USC Marshall Partners and Commercial Real Estate Women.

Johnna Grant, Chief Financial Officer As Chief Financial Officer, Ms. Grant is responsible for strategic planning, cash management and all financial accounting for Platinum Storage Group’s nationwide portfolio of self-storage facilities. Her background includes more than 25 years of experience in financial operations and management within the real estate sector.

Prior to joining Platinum, Ms. Grant was the Chief Financial Officer of Thompson National Properties, where she provided both strategic guidance and financial expertise to manage a rapidly growing portfolio of commercial real estate, which expanded from $20 million to $2.4 billion in less than three years.

Previous to her position at Thompson National Properties, Ms. Grant was Senior Vice President and Chief Accounting Officer at IHP Capital Partners for ten years, where she managed the accounting department and compliance for five Investor Limited Partnerships, with aggregate commitments in excess of $1.4 billion. Ms. Grant earned a Bachelor of Business Administration degree with an emphasis in accounting from the University of San Diego and is a Certified Public Accountant, inactive.

Dane Elefante, Vice President of Operations Mr. Elefante serves as Platinum Storage Group’s vice president of operations and marketing, responsible for the day-to-day management of the company, as well as guiding its strategic marketing endeavors. Additionally, Mr. Elefante works closely with other key members of the executive team to develop and execute overall business strategy. He has been the driving force behind the development and expansion of Platinum’s Storage Direct retail brand, and has integrated a number of new technologies into the company’s operating structure, introducing automation and efficiencies throughout the organization.

Mr. Elefante earned a bachelor’s degree in Business and Real Estate Finance from the University of Southern California’s Marshall School of Business.

Monica Paing, ControllerMs. Paing is responsible for cash management, financial accounting and financial reporting at Platinum Storage Group and its portfolio of self-storage facilities. Her background includes more than six years in public accounting.

Prior to joining Platinum, Ms. Paing was an Audit Supervisor at Squar, Milner, Peterson, Miranda and Williamson, LLP where she managed several financial statement audit and review engagements Clients ranged in the real estate, consumer products, not for profit, and employee benefit plan industries, with annual revenue between $50 to $500 million.

Ms. Paing earned her bachelor’s degree from the University of California, Irvine and is a Certified Public Accountant.

Colleen Hennessey, Real Estate Paralegal

Ms. Hennessey joined the Platinum team in June 2014, and her responsibilities include monitoring and maintaining corporate records of Platinum’s various entities. She works closely with corporate counsel and as well as acting as the team liaison with real estate attorneys and escrow officers, organizing and managing acquisitions and orchestrating sale and refinance transactions of company properties.

Ms. Hennessey has had an extensive career as a Paralegal that spans 30 years with experience in transactional law, residential and commercial real estate law and title insurance underwriting.

Ms. Hennessey attended Central Connecticut State University in New Britain, CT and received a Certificate in Paralegal Studies from Fairfield University in Fairfield, CT. A Notary Public appointed to a 4 year commission by the CA Secretary of State, Colleen is also a member of the National Notary Association and a former associate paralegal member of the CT Bar Association.

Elizabeth Garcia, Director of Human Resources

Elizabeth Garcia is the Director of Human Resources at Platinum; overseeing all recruiting, payroll, safety, benefits administration and employee relations at Platinum. During her tenure at Platinum, Ms. Garcia has been involved with developing company wide policies and procedures, overseeing employee retention and acquisition, managing a comprehensive health insurance program and insuring that Platinum is in compliance with employments laws in over 15 states.

Ms. Garcia earned a bachelor’s degree in Administrative Office Management from Central Washington University and continues to expand her knowledge by attending continued Human Resources educational courses.