Equity Based Services, Inc. Acquires $11.3 Million Facility in Las Vegas

Las Vegas, Nevada (PRWEB) September 5, 2008 -- Equity Based Services, Inc (http://www.equitybasedservices.com). ("EBS") announced the acquisition of Silverado Self Storage (http://www.ams-storage.com/properties_nv_ams6lv.htm) in Las Vegas, NV. Silverado is located at 8250 South Maryland Parkway, with ample frontage along Interstate 215. This Class-A, institutional investment grade facility is located in an affluent infill location within Las Vegas. The project is positioned between three major thoroughfares, situated within a high density, well established, upper income area. Silverado boasts superior visibility as well as easy access.

Silverado adds 84,197 Net Rentable Square Feet, 625 climate and non-climate controlled storage units, 26 RV parking spaces, a cell tower, and a 3-sided Billboard to the EBS Portfolio (http://www.ams-storage.com)of nearly 60 Self Storage facilities.

EBS currently owns 7 facilities in the Las Vegas (http://www.ams-storage.com/state_nevada.html)area with the addition of Silverado. These include:

AMS I, 5220 South Jones Blvd, Las Vegas

AMS II,1011 Stufflebeam Ave., Henderson

AMS III, 5250 East Craig Road, North Las Vegas

AMS IV,4851 East Bonanza Road, Las Vegas

AMS V, 733 South Racetrack Road, Henderson

Storage Inn, 4950 South Dunevill Street, Las Vegas

"Las Vegas has been getting negative press lately, but, Self Storage deals still make a lot of sense in this market. Being a contrarian investment, Self Storage has historically performed well in down economies. We expect Silverado to have an above average return in cash flow immediately and we believe there is a high potential for above average appreciation when the Las Vegas real estate markets recover. Silverado is one of the better positioned assets that we have added to our portfolio this year in terms of cash flow, stability, and upside potential", states Troy Downing (http://www.ebscorp.com/team.htm), Equity Based Services, Inc. Fund Manager.

"Las Vegas is a great market and Silverado is a very strong project" says Stephen Kaplan, CEO Equity Based Services, Inc. "We experienced a huge demand to participate in this project from our cash investors and from our 1031 Investors. We have a large number of very sophisticated clients that all saw the obvious value in this deal."

EBS will rebrand Silverado Self Storage with its corporate brand of American Mini Storage (http://www.ams-storage.com). American Mini Storage seeks to promote a standardized, secure, clean, and well run family of Self Storage facilities that utilize pooled resources, centralized accounting and transaction systems, and a tiered management system of local, regional, and corporate managers.

Equity for EBS acquisitions comes from EBS' closed Private Equity Income and Growth Funds (http://www.pilotequity.com), IRS Rule 1031 Exchange Investors, and EBS' existing private client cash investors. Financing was through a major US Commercial Bank facilitated by Tavernier Capital Partners (http://www.taverniercapital.com/). Exact details of the loan were not released, but, EBS announced that the loan has a floating interest rate based on LIBOR, a low rate cap, and a significant Interest Only period.

"This transaction is further evidence of lenders clamoring to finance well capitalized, experienced sponsors and do so in a timely fashion, in this case, less than 30 days from application to closing", states Saul Hoppenstein, principal Tavernier Capital Partners.

EBS expects to close 4 more deals before the end of 2008. This will amount to more than $80 Million worth of purchases for the 2008 calendar year. EBS is currently under contract to purchase facilities in Las Vegas, Texas, and South Carolina.

About Equity Based Services, Inc

EBS is a Private Real Estate company specializing in the acquisition and management of self-storage property. EBS currently owns and operates nearly 60 Self-Storage properties in 10 states worth more than $250 Million. EBS also manages a family of Private Equity Funds for institutional and high net worth individual investors. The EBS Income Fund, the EBS Income and Growth Fund II, and the Pilot Equity Value Added Fund all closed in 2007. All portfolio properties are aggressively managed by All American Property Management, Inc., an EBS company, to maximize investment returns. For more information, contact Troy Downing at 619-220-6700.

This Press Release is for informational purposes only and does not, in any way, constitute an offering to buy or sell securities.

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