Equity Based Services, Inc. Announced That it Has Closed the Pilot Equity Partners Value Added Fund

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Pilot Equity Partners Value Added Fund (Pilot Equity) is one of the EBS family of private equity, commercial real estate funds specializing in the Self Storage Industry. Pilot Equity will invest exclusively in value-added and opportunistic projects that offer superior upside potential. Pilot Equity plans on leveraging their superior management skills to reposition, lease, repair, and expand Self Storage properties and stabilize them in order to quickly and easily realize the value added gains and use them for subsequent investments.

Equity Based Services, Inc. ("EBS"), a private real estate investment and management firm, announced today that it has closed Pilot Equity Partners Value Added Fund.

Pilot Equity Partners Value Added Fund (Pilot Equity) is one of the EBS family of private equity, commercial real estate funds specializing in the Self Storage Industry. Pilot Equity will invest exclusively in value-added and opportunistic projects that offer superior upside potential. Pilot Equity plans on leveraging their superior management skills to reposition, lease, repair, and expand Self Storage properties and stabilize them in order to quickly and easily realize the value added gains and use them for subsequent investments.

The Pilot Equity Partners Value Added Fund has $1.2 Million in committed capital and currently holds a portfolio of 4 properties in Arizona, Tennessee, and Louisiana. Each one of these portfolio properties offers a unique opportunity for growth in value. Some are management repositionings, some are in need of capital improvements, lease ups, and/or expansions.

Pilot Equity closed its first transaction in early November and has already seen a substantial increase in value through a rapid lease-up program and lower management expenses. Ultimately, all of these properties will be strong cash flow properties and will be sold into the already strong cash flow real estate markets.

Troy Downing, General Partner and Manager says: "I am very excited about the Pilot Equity Value Added Fund. We have seen an increase of opportunities in this space and know that we can produce incredible returns with little risk to downside. I like to think of all of our projects as business opportunities, where we are uniquely situated to add value to these businesses with the underlying security of having it backed by real estate ownership. I am confident that we will be leaders in the consolidation that will inevitably happen in the Self Storage real estate market."

Stephen Kaplan, General Partner and Manager states: "This is a natural progression for EBS and we will continue to be leaders in the Self Storage industry by continuing to offer newer and better products for our investors, as well as consistently producing high returns."

About EBS:
Equity Based Services, Inc. (EBS) is a private equity real estate company specializing in the opportunistic acquisition and management of self-storage commercial property. EBS currently owns and operates 45 Self-Storage properties in 9 states worth more than $150,000,000.00. EBS also manages a family of equity funds for institutional and high net worth individual investors. EBS Funds invest in both stabilized income producing commercial property and value added, opportunistic commercial real estate. The EBS Income Fund, the EBS Income and Growth Fund II, and the Pilot Equity Value Added Fund all closed in 2007 and represent more than $16,000,000.00 in equity contributions. All portfolio properties are aggressively managed by All American Property Management, Inc., an EBS company, to maximize returns to Investors. For more information, contact Katie Raden at 619-220-6700.

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Troy Downing

Katie Raden
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