Extra Space Storage Renews Partnership with Learn.com for an Additional 3 Years

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Learn.com®, the leader in on-demand workforce development and productivity, announced today that Extra Space Storage Inc. (NYSE: EXR), the second largest operator of self-storage in the U.S., and a national owner, developer, acquirer and operator of professionally managed self-storage properties, with headquarters in Salt Lake City, Utah, has renewed its partnership with the company for an additional three years.

Learn.com®, the leader in on-demand workforce development and productivity, announced today that Extra Space Storage Inc. (NYSE: EXR), the second largest operator of self-storage in the U.S., and a national owner, developer, acquirer and operator of professionally managed self-storage properties, with headquarters in Salt Lake City, Utah, has renewed its partnership with the company for an additional three years.

"The LearnCenter platform has allowed us to redesign the way we deliver new hire training to our field organization. We now have a blended approach of online learning coupled with on-the-job training. This has allowed us to do a much more thorough job of training our new employees. We also deliver training for new programs more quickly and with better quality. In addition, we use the LearnCenter platform to house our Community of Practice forums. These forums allow our field management to share best practices and quickly respond to questions about procedures and processes," said Karen Langham, Vice President of Training at Extra Space Storage.

"The boost to our organization's ROI has been remarkable. Since implementing the LearnCenter platform, our new hire turnover (turnover in the first 90 days of employment) has decreased from 10.85% pre-LearnCenter to 7.5% post-LearnCenter. The LearnCenter platform has given our learning department a lot of credibility within the organization. We are one of the only companies in our industry to use a learning management system and this has given us a strategic advantage over our competitors in terms of our people and how well they are trained," explained Langham.

"Learn.com has been a wonderful partner for Extra Space Storage. The support and ongoing service we receive from all facets of your organization has been great. Our questions are always answered promptly. Our LearnCenter administrator takes full advantage of all of Learn.com's free weekly training sessions and this has allowed us to really grow in our use of the LearnCenter platform. We're proud to serve as a Learn.com reference," added Langham.

About the LearnCenter Platform
Built on Learn.com's award-winning Learning Management System (LMS) technology, the LearnCenter platform has grown into the industry's leading and most complete Talent Management Suite (TMS). The LearnCenter platform manages the entire pre-hire to retire lifecycle by creating a cost effective, high quality training, development and measurement environment designed to empower users with visibility into and control of their career planning while providing management with real-time business intelligence. Learning Management, Performance Management, Content Management, Online Authoring, Succession Planning, Collaboration, e-Commerce, Portal Authoring and more are included within one solution, with one interface and one partner - Learn.com.

About Extra Space Storage, Inc.
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a fully integrated, self-administered and self-managed real estate investment trust that operates 644 self-storage properties in 33 states and Washington, D.C. The Company's properties comprise approximately 441,000 units and 46.9 million square feet rented by approximately 323,000 individual tenants. The Company is the second largest operator of self storage in the United States.

About Learn.com
Learn.com® is the worldwide leader in on-demand workforce development and productivity with more than 50 million end users around the globe. Our broad suite of on-demand solutions can fully automate the pre-hire to retire lifecycle within any organization. Learn.com's unwavering commitment to understanding client needs, goals and objectives allows us to partner with our clients to increase business performance. The Learn.com family of solutions includes the award-winning LearnCenter® talent management suite, the WebRoom™ Web conferencing suite, the CourseMaker Studio® Authoring Tool, Mentor® EPSS and the 1,000 title Learn2® online course library. For more information please visit http://www.learn.com or call 954-233-4000

Learn.com, its logo, LearnCenter, CourseMaker Studio, Mentor and Learn2 are registered trademarks of Learn.com. All other trademarks are respectfully acknowledged.

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