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&lt;p style="font: 10pt Tahoma, Helvetica, Sans-Serif; margin-right: 0; margin-bottom: 0; margin-left: 0"&gt;Properties owned by
the Partnership are all mini-storage facilities. Depreciation is calculated using the straight-line method over the estimated
useful life of 20 years. Property under capital leases is amortized over the lives of the respective leases. The total cost
of property and accumulated depreciation at  June 30, 2012 and December 31, 2012 were as follows:&lt;br style="mso-special-character: line-break" /&gt; &lt;br style="mso-special-character: line-break" /&gt; &lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Tahoma, Helvetica, Sans-Serif; width: 100%"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 50%; padding: 5.25pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 25%; padding: 5.25pt; font-weight: bold; text-align: right"&gt;June 30, 2012&lt;/td&gt;
    &lt;td style="width: 25%; padding: 5.25pt; font-weight: bold; text-align: right"&gt;December 31, 2012&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding: 5.25pt"&gt;Land&lt;/td&gt;
    &lt;td style="padding: 5.25pt; text-align: right"&gt;$ 1,714,700&lt;/td&gt;
    &lt;td style="padding: 5.25pt; text-align: right"&gt;$ 1,714,700&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding: 5.25pt"&gt;Buildings and improvements&lt;/td&gt;
    &lt;td style="padding: 5.25pt; text-align: right"&gt;6,449,078
&lt;/td&gt;
    &lt;td style="padding: 5.25pt; text-align: right"&gt;6,449,078&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding: 5.25pt"&gt;Rental trucks under capital leases&lt;/td&gt;
    &lt;td style="padding: 5.25pt; text-decoration: underline; text-align: right"&gt;140,093&lt;/td&gt;
    &lt;td style="padding: 5.25pt; text-decoration: underline; text-align: right"&gt;140,093&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding: 5.25pt; font-weight: bold"&gt;Total&lt;/td&gt;
    &lt;td style="padding: 5.25pt; font-weight: bold; text-align: right"&gt;8,303,871&lt;/td&gt;
    &lt;td style="padding: 5.25pt; font-weight: bold; text-align: right"&gt;8,303,871&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding: 5.25pt"&gt;Less accumulated depreciation&lt;/td&gt;
    &lt;td style="padding: 5.25pt; text-decoration: underline; text-align: right"&gt;(6,569,937)&lt;/td&gt;
    &lt;td style="padding: 5.25pt; text-decoration: underline; text-align: right"&gt;(6,563,607)&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding: 5.25pt; font-weight: bold"&gt;Property - net&lt;/td&gt;
    &lt;td style="padding: 5.25pt; font-weight: bold; text-decoration: underline; text-underline-style: double; text-align: right"&gt;$ 1,733,934&lt;/td&gt;
    &lt;td style="padding: 5.25pt; font-weight: bold; text-decoration: underline; text-underline-style: double; text-align: right"&gt;$1,740,264&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;

&lt;p&gt;&lt;/p&gt;
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