For Immediate Release

Media Inquires:
Sharon Finley
Public Relations Initiatives
928.717.1880
sharon@pr-initiatives.com

Ratel Investments Provides Equity
Investment in a Bay Area
Self-Storage Property

San Francisco, Calif.— August 22, 2005 – Ratel Investments, a real estate private equity firm, today announced an equity investment in an Alameda, California self storage project renovated and managed by Pegasus Group, a Lafayette, California-based real estate investment and management company (www.pegasusgroup.net).

Purchased in 2003 by the Pegasus Group, the property, formerly known as Pacific Mini Storage, is a newly renovated 994-unit, 71,253 square foot self storage facility. The property is located in the city of Alameda, approximately 10 miles from San Francisco and adjacent to Oakland, California.

About Ratel Investments (www.ratelinvestments.com)
Ratel Investments is a real estate private equity firm that purchases real estate assets both directly and indirectly with partners. Based in San Francisco, California, Ratel’s portfolio includes more than 1,000,000 square feet of income-producing real estate assets throughout the western United States.