1060224--2/26/2010--SOVRAN_ACQUISITION_LTD_PARTNERSHIP

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{tax, income, asset}

{loan, real, estate}

{product, market, service}

{interest, director, officer}

{provision, law, control}

{debt, indebtedness, cash}

Our Debt Levels May Increase We Are Subject to the Risks Posed by Fluctuating Demand and Significant Competition in the Self-Storage Industry Our Real Estate Investments Are Illiquid and Are Subject to Uninsurable Risks and Government Regulation There Are Limitations on the Ability to Change Control of Sovran The Failure of Sovran Self Storage, Inc. to Qualify as a REIT Would Have Adverse Consequences We May Pay Some Taxes, Reducing Cash Available for Unitholders We May Change the Distribution Policy in the Future The Company May Have Rescission Liability in Connection with Sales of Unregistered Shares to Certain Investors

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