The Hampshire Companies Anticipates June Opening of Storage Post Facility in Newark, New Jersey

Newark, NJ (May 2007) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced an anticipated June 2007 opening of the 926-unit state-of-the-art climate-controlled self storage facility, and Newark’s first-ever “ground up” development of its kind. The new Storage Post is an investment of The Hampshire Generational Fund, LLC and will be operated by Slayton Development of Garden City, New York.

The new Hampshire Storage Post property is located at the corner of Elizabeth Avenue and Hawthorne Avenue in the Newark’s South Ward and upon opening will provide 69,000 square feet of prime storage space to local businesses and residents.

“The Hampshire Companies sees great things for the City of Newark, and we are very pleased to participate in a small way in the continued revitalization of the City,” said James E. Hanson II, CEO and President of The Hampshire Companies. “We believe the City of Newark has a great deal of untapped potential for economic development, and we are delighted to be a part of the excitement and momentum that Mayor Booker has brought to the City.”

Hampshire Storage Post offers a wide variety of variously-sized spaces ranging from 50 to 300 square feet for the public to store virtually anything.
“In this day and age, it is not unusual for an individual or family to have excess furniture, household fixtures or even the contents of a college dorm room for which they require short or long term storage,” noted Rob Schmitt, Senior Managing Director of The Hampshire Companies. “We are happy to be able to provide these needed storage units in an ultra-modern, secure facility in Newark.”

Hampshire Storage Post will be operated by Slayton Development, a private concern based in Garden City, New York, which has been developing and operating retail, office, self storage and technology parks for the past 40 years. Slayton is also serving as construction manager for the development.

The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The goal of the Fund is to deliver superior, above-market returns to its investors through the acquisition and operation of industrial, retail, office and self storage properties, as well as an investor in other real estate funds.

The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at www.hampshireco.com.
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