----

|                 Delaware                  |       16-1481551       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization)                                                                                                                                        | (I.R.S.      EmployerIdentification      No.)                                      |

----

| Part      I.Item      1. | Financial      InformationFinancial      Statements |
|--------------------------|-----------------------------------------------------|

|   (dollars in thousands,      except unit data)                                                                     | March      31,2008     (unaudited)             |  December      31,2007               |
|-------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|-------------------------------------------------------------------------|
| Assets                                                                                                                        |                                                                    |                                                                    |
| Investment      in storage facilities:                                                                                        |                                                                    |
|  Land                                                                                                                    | $    240,622                                   | $    237,836                                   |
|  Building,      equipment, and construction in progress                                                                  |    1,113,457                                        |   1,092,803                                              |
|                                                                                                                          | 1,354,079                                                          | 1,330,639                                                          |
|  Less:      accumulated depreciation                                                                                     |    (193,350)                                             |    (185,258)                                             |
| Investment      in storage facilities, net                                                                                    | 1,160,729                                                          | 1,145,381                                                          |
| Cash      and cash equivalents                                                                                                | 7,233                                                              | 4,010                                                              |
| Accounts      receivable                                                                                                      | 2,425                                                              | 2,802                                                              |
| Receivable      from related parties                                                                                          | 14                                                                 | 27                                                                 |
| Prepaid      expenses                                                                                                         | 6,752                                                              | 4,842                                                              |
| Other      assets                                                                                                             |           8,422  |           7,574  |
|   Total      Assets                                                                                                 | $ 1,185,575 =========                                         | $ 1,164,636 =========                                         |
|  Liabilities                                                                                                             |                                                                    |                                                                    |
| Line      of credit                                                                                                           | $    100,000                                   | $    100,000                                   |
| Term      notes                                                                                                               | 382,000                                                            | 356,000                                                            |
| Accounts      payable and accrued liabilities                                                                                 | 19,208                                                             | 23,489                                                             |
| Deferred      revenue                                                                                                         | 6,027                                                              | 5,647                                                              |
| Fair      value of interest rate swap agreements                                                                              | 4,350                                                              | 1,230                                                              |
| Accrued      distributions                                                                                                    | 14,001                                                             | 13,922                                                             |
| Mortgages      payable                                                                                                        |      110,114                              |      110,517                              |
|   Total      Liabilities                                                                                       | 635,700                                                            | 610,805                                                            |
| Minority      interest – consolidated joint venture                                                                | 16,783                                                             | 16,783                                                             |
|                                                                                                                          |                                                                    |                                                                    |
| Limited      partners' capital interest (422,527 units and 422,727 unitsin   2008      and 2007, respectively) |  18,046                                                       |  16,951                                                       |
|                                                                                                                          |                                                                    |                                                                    |
| Partners'      Capital                                                                                                        |                                                                    |                                                                    |
| General      partner (219,567 units outstanding in 2008 and 2007)                                                             | 3,763                                                              | 3,823                                                              |
| Limited      partner (21,582,288 and 21,457,019 units outstanding in   2008      and 2007, respectively)       |  515,503                                                      |  517,642                                                      |
| Accumulated      other comprehensive income                                                                                   |         (4,220)                 |          (1,368)           |
|   Total      Partners' Equity                                                                                       |       515,046                        |       520,097                        |
|   Total      Liabilities and Partners' Capital                                                                      | $ 1,185,575 =========                                         | $ 1,164,636 =========                                         |
|  See      notes to financial statements.                                                                                 |                                                                    |                                                                    |

----

|   (dollars in thousands,      except per unit data)         | January      1, 2008to          March 31,      2008 | January      1, 2007to          March 31,      2007 |
|-----------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|
| Revenues                                                              |                                                                                                  |                                                                                                  |
|  Rental      income                                              | $    48,272                                                                  | $     43,265                                                            |
|  Other      operating income                                     |        1,565                                                  |         1,335                                            |
|   Total      operating revenues                             | 49,837                                                                                           | 44,600                                                                                           |
|                                                                  |                                                                                                  |                                                                                                  |
| Expenses                                                              |                                                                                                  |                                                                                                  |
|  Property      operations and maintenance                        | 13,859                                                                                           | 12,411                                                                                           |
|  Real      estate taxes                                          | 4,766                                                                                            | 4,390                                                                                            |
|  General      and administrative                                 | 4,125                                                                                            | 3,555                                                                                            |
|  Depreciation      and amortization                              |        8,647                                                  |        7,026                                                  |
|    Total      operating expenses                       |      31,397                                                             |      27,382                                                             |
|                                                                  |                                                                                                  |                                                                                                  |
|  Income      from operations                                     | 18,440                                                                                           | 17,218                                                                                      |
| Other      income (expenses)                                          |                                                                                                  |                                                                                                  |
|  Interest      expense                                           | (8,955)                                                                                               | (7,599)                                                                                               |
|  Interest      income                                            | 92                                                                                               | 528                                                                                              |
|  Minority      interest – consolidated joint ventures      | (462)                                                                                                 |         (462)                                                 |
|  Equity      in income of joint ventures                         |             12                       |            51                             |
|  Net      Income                                                 |  9,127                                                                                      |  9,736                                                                                      |
|   Preferred      unit distributions                         |               -       |         (628)                                                 |
| Net      income available to common unitholders                       | $      9,127 =======                                          | $      9,108 =======                                          |
|                                                                  |                                                                                                  |                                                                                                  |
| Earnings      per common unit – basic                           | $        0.41 =======                               | $        0.44 =======                               |
| Earnings      per common unit – diluted                         | $        0.41 =======                               | $        0.44 =======                               |
|  Common      units used in basic earnings per unit calculation   |  22,070,064                                                                                 |  20,841,158                                                                                 |
|  Common      units used in diluted earnings per unit calculation |  22,087,143                                                                                 |  20,907,557                                                                                 |
|                                                                  |                                                                                                  |                                                                                                  |
|   Distributions      declared per common unit               | $    0.63 =======                                                  | $    0.62 =======                                                       |

----

|   (dollars in      thousands)                                                                                                  | January      1, 2008to           March 31,      2008 | January      1, 2007to           March 31,      2007 |
|------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|
| Operating      Activities                                                                                                                |                                                                                                        |                                                                                                        |
| Net      income                                                                                                                          | $  9,127                                                                                     | $  9,736                                                                                     |
| Adjustments      to reconcile net income to net cash provided by  operating      activities:                                   |                                                                                                        |                                                                                                        |
|     Depreciation      and amortization                                                                               | 8,920                                                                                                  | 7,268                                                                                                  |
|     Equity      in income of joint ventures                                                                          | (12)                                                                                                        | (51)                                                                                                        |
|     Minority      interest                                                                                           | 462                                                                                                    | 462                                                                                                    |
|     Non-vested      stock earned                                                                                     | 361                                                                                                    | 264                                                                                                    |
|     Stock      option expense                                                                                        | 47                                                                                                     | 24                                                                                                     |
|     Changes      in assets and liabilities:                                                                          |                                                                                                        |                                                                                                        |
|       Accounts      receivable                                                                             | 382                                                                                                    | 351                                                                                                    |
|       Prepaid      expenses                                                                                | (1,910)                                                                                                     | 665                                                                                                    |
|       Accounts      payable and other liabilities                                                          | (4,006)                                                                                                     | 642                                                                                                    |
|       Deferred      revenue                                                                                |         311                                                    |          474                                              |
| Net      cash provided by operating activities                                                                                           |    13,682                                                                               |     19,835                                                                         |
|                                                                                                                                     |                                                                                                        |                                                                                                        |
| Investing      Activities                                                                                                                |                                                                                                        |                                                                                                        |
|   Acquisition      of storage facilities                                                                                       | (14,037)                                                                                                    | (40,934)                                                                                                    |
|   Improvements,      equipment additions, and construction in progress                                                         |      (9,453)                                                                       | (8,528)                                                                                                     |
|   Property      deposits                                                                                                       | (1,519)                                                                                                     | (300)                                                                                                       |
|   Receipts      from related parties                                                                                           |           13                                         |           10                                         |
| Net      cash used in investing activities                                                                                               |   (24,996)                                                                                        |   (49,752)                                                                                        |
|                                                                                                                                     |                                                                                                        |                                                                                                        |
| Financing      Activities                                                                                                                |                                                                                                        |                                                                                                        |
|   Net      proceeds from sale of common stock                                                                                  | 3,384                                                                                                  | 3,918                                                                                                  |
|   Proceeds      from line of credit and term note                                                                              | 26,000                                                                                                 | -                                                                                                 |
|   Financing      costs                                                                                                         | (39)                                                                                                        | -                                                                                                 |
|   Distributions      paid                                                                                                      | (14,396)                                                                                                    | (14,030)                                                                                                    |
|   Distributions      from unconsolidated joint venture                                                                         | -                                                                                                 | 98                                                                                                     |
|   Redemption      of operating partnership units                                                                               |          (9)                                                   | (98)                                                                                                        |
|   Mortgage      principal and capital lease payments                                                                           |        (403)                                                             |         (387)                                                       |
| Net      cash provided by (used in) financing activities                                                                                 |    14,537                                                                               |    (10,499)                                                                                  |
| Net      increase (decrease) in cash                                                                                                     | 3,223                                                                                                  | (40,416)                                                                                                    |
| Cash      at beginning of period                                                                                                         |       4,010                                                              |      47,730                                                                   |
| Cash      at end of period                                                                                                               | $    7,233 =======                                                            | $   7,314 =======                                                                  |
| Supplemental      cash flow informationCash      paid for interest                                                                       |  $   8,184                                                                         |  $   6,579                                                                         |
| Fair      value of net liabilities (assets) assumed on the acquisition of      storage  facilities      *                 |  68                                                                                               |  (12)                                                                                                  |
| *  See      Note 4 for fair value of land, building, and equipment      acquired    during      the period |                                                                                                        |                                                                                                        |

----

| 1. | BASIS      OF PRESENTATION |
|----|----------------------------|

| 2. | ORGANIZATION |
|----|--------------|

----

| 3. | STOCK      BASED COMPENSATION |
|----|-------------------------------|

| 4. | INVESTMENT      IN STORAGE FACILITIES |
|----|---------------------------------------|

| Cost:                                                   |                                                             |
|---------------------------------------------------------|------------------------------------------------------------------|
|   Beginning      balance                      | $  1,330,639                                      |
|   Property      acquisitions                  | 14,013                                                      |
|   Improvements      and equipment additions   | 4,591                                                       |
|   Increase      in construction in progress   | 4,872                                                       |
|   Dispositions                                |           (36) |
| Ending      balance                                     | $1,354,079                                                  |
|                                                    |                                                             |
| Accumulated      Depreciation:                          |                                                             |
|   Beginning      balance                      | $   185,258                                  |
|   Depreciation      expense during the period | 8,118                                                       |
|   Dispositions                                |           (26) |
| Ending      balance                                     | $   193,350                                  |

----

| 5. | UNSECURED      LINE OF CREDIT AND TERM NOTES |
|----|----------------------------------------------|

----

| 6. | MORTGAGES      PAYABLE |
|----|------------------------|

| (dollars in      thousands)                                                                                                                                                                                                                           | March      31,2008                                                      | December      31,2007                                                   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|-------------------------------------------------------------------------|
| 7.80%      mortgage note due December 2011, secured by 11 self-storage facilities      (Locke Sovran I) with an aggregate net book value of $41.4 million,      principal and interest paid monthly                                              |   $  28,978                                    |   $  29,084                                    |
| 7.19%      mortgage note due March 2012, secured by 27 self-storage facilities (Locke      Sovran II) with an aggregate net book value of $80.4 million,      principal and interest paid monthly                                                |    43,387                                           |    43,645                                           |
| 7.25%      mortgage note due December 2011, secured by 1 self-storage facility with      an aggregate net book value of $5.9 million, principal and interest paid      monthly.  Estimated market rate at time of acquisition      5.40%    |    3,610                                            |    3,643                                            |
| 6.76%      mortgage note due September 2013, secured by 1 self-storage facility with      an aggregate net book value of $2.1 million, principal and interest paid      monthly                                                                       |   1,016                                                  |   1,022                                                  |
| 6.35%      mortgage note due March 2014, secured by 1 self-storage facility with an      aggregate net book value of $1.8 million, principal and interest paid      monthly                                                                           |   1,116                                                  |   1,122                                                  |
| 5.55%      mortgage notes due November 2009, secured by 8 self-storage facilities      with an aggregate net book value of $35.2 million, interest only paid      monthly.  Estimated market rate at time of acquisition      6.44%         |    25,773                                           |    25,719                                           |
| 7.50%      mortgage notes due August 2011, secured by 3 self-storage facilities with      an aggregate net book value of $14.4 million, principal and interest paid      monthly.  Estimated market rate at time of acquisition      6.42%  |           6,234  |           6,282  |
| Total      mortgages payable                                                                                                                                                                                                                               | $ 110,114 ========                                            | $ 110,517 ========                                            |

----

|                                                  |                     Expected      Maturity Date Including      Discount                     |                                          |                                 |
|-------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------|-----------------------------------------------------|
| (dollars      in thousands)                           | 2008                                                                                                                                                                                                                                                                                      | 2009                                | 2010                                      | 2011   | 2012   | Thereafter | Total   | FairValue |
| Line      of credit - variable rate LIBOR + 0.9%      | $100,000                                                                                                                                                                                                                                                                                            | -                              | -                                    | -    | -    | -    | $100,000 | $100,000 |
|                                                  |                                                                                                                                                                                                                                                                                                |                                          |                                                |   |   |   |   |   |
| Notes      Payable:                                   |                                                                                                                                                                                                                                                                                                |                                          |                                                |   |   |   |   |   |
| Term      note - variable rate LIBOR+1.20%            | $32,000                                                                                                                                                                                                                                                                                             | -                              | -                                    | -    | -    | -    | $  32,000 | $  32,000 |
| Term      note - variable rate LIBOR+1.20%            | -                                                                                                                                                                                                                                                                                    | $100,000                                      | -                                    | -    | -    | -    | $100,000 | $100,000 |
| Term      note - variable rate LIBOR+1.50%            | -                                                                                                                                                                                                                                                                                    | -                              | -                                    | -    | -    | $  20,000 | $  20,000 | $  20,000 |
| Term      note - fixed rate 6.26%                     | -                                                                                                                                                                                                                                                                                    | -                              | -                                    | -    | -    | $  80,000 | $  80,000 | $  83,006 |
| Term      note - fixed rate 6.38%                     | -                                                                                                                                                                                                                                                                                    | -                              | -                                    | -    | -    | $150,000 | $150,000 | $154,961 |
|                                                  |                                                                                                                                                                                                                                                                                                |                                          |                                                |   |   |   |   |   |
| Mortgage      note - fixed rate 7.80%                 | $     321                                                                                                                                                                                                                                                                  | $     467            | $      504            | $27,686 | -    | -    | $  28,978 | $  31,163 |
| Mortgage      note - fixed rate 7.19%                 | $     784                                                                                                                                                                                                                                                                  | $  1,128                            | $   1,211                            | $  1,301 | $ 38,963 | -    | $  43,387 | $  46,097 |
| Mortgage      note - fixed rate 7.25%                 | $      100                                                                                                                                                                                                                                                            | $     141            | $      149            | $  3,220 | -    | -    | $    3,610 | $    3,626 |
| Mortgage      note - fixed rate 6.76%                 | $        16                                                                                                                                                                                                                                                 | $       23 | $        25 | $       27 | $       29 | $       896 | $    1,016 | $    1,086 |
| Mortgage      note - fixed rate 6.35%                 | $        18                                                                                                                                                                                                                                                 | $       26 | $        28 | $       30 | $       31 | $       983 | $    1,116 | $    1,151 |
| Mortgage      notes - fixed rate 5.55%                | -                                                                                                                                                                                                                                                                                    | $25,773                                       | -                                    | -    | -    | -    | $  25,773 | $  26,969 |
| Mortgage      notes - fixed rate 7.50%                | $      146                                                                                                                                                                                                                                                            | $     208            | $      222            | $ 5,658 | -    | -    | $    6,234 | $    6,587 |
|                                                  |                                                                                                                                                                                                                                                                                                |                                          |                                                |   |   |   |   |   |
| Interest      rate derivatives – liability | -                                                                                                                                                                                                                                                                                    | -                              | -                                    | -    | -    | -    | -    | $         4,350 |

| 7. | DERIVATIVE      FINANCIAL INSTRUMENTS |
|----|---------------------------------------|

----

|   Notional      Amount |   Effective      Date |   Expiration      Date |  Fixed   Rate      Paid |  Floating      Rate  Received      |
|----------------------------------|---------------------------------|----------------------------------|---------------------------------------------|----------------------------------------------------------------------------|
|                             |                            |
| $50      Million                 | 11/14/05         | 9/1/09            | 5.590%                                      | 1      month LIBOR                                                         |
| $20      Million                 | 9/4/05           | 9/4/13            | 5.935%                                      | 6      month LIBOR                                                         |
| $50      Million                 | 10/10/06         | 9/1/09            | 5.680%                                      | 1      month LIBOR                                                         |

| 8. | FAIR      VALUE MEASUREMENTS |
|----|------------------------------|

----

|                     | Asset   (Liability) |  Level      1                 |  Level      2    |  Level      3                 |
|--------------------------|------------------------------------|---------------------------------------------------|--------------------------------------|---------------------------------------------------|
| Interest      rate swaps | (4,350)                            | -         | (4,350)                              | -         |

| 9. | COMMITMENTS      AND CONTINGENCIES |
|----|------------------------------------|

| 10. | COMPREHENSIVE      INCOME |
|-----|---------------------------|

| 11. | INVESTMENT      IN JOINT VENTURES |
|-----|-----------------------------------|

----

| 12. | EARNINGS      PER UNIT |
|-----|------------------------|

|                                                                                                               |   | Three months ended      March 31,                              |
|--------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------|
| (Amounts in thousands,      except per unit data)                                                                  |   | 2008                                                           |   | 2007 |
|                                                                                                               |   |                                                           |   |   |
| Numerator:  Net      income available to common unitholders                                              |   |  $ 9,127                                        |   |  $ 9,108  |
|                                                                                                               |   |                                                           |   |   |
| Denominator:Denominator      for basic earnings per unit - weighted average units                             |   |   22,070                                        |   |   20,841  |
| Effect      of Dilutive Securities:Stock      options and warrants and non-vested stock                            |   |          17  |   |          67  |
|                                                                                                               |   |                                                           |   |   |
| Denominator      for diluted earnings per unit - adjusted weighted average units and       assumed conversion |   | 22,087                                                    |   | 20,908  |
|                                                                                                               |   |                                                           |   |   |
| Basic      Earnings per Common Unit                                                                                |   | $  0.41                                         |   | $  0.44  |
|                                                                                                               |   |                                                           |   |   |
| Diluted      Earnings per Common Unit                                                                              |   | $  0.41                                         |   | $  0.44  |

| 13. | INCOME      TAXES |
|-----|-------------------|

| 14. | RECENT      ACCOUNTING PRONOUNCEMENTS |
|-----|---------------------------------------|

----

| Item      2. | Management's      Discussion and Analysis of Financial Condition and Results      of Operations |
|--------------|------------------------------------------------------------------------------------------------------|

----

----

----

|                                                                                                                                        |                     Three      months      ended                |
|---------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (in      thousands)                                                                                                                         | March 31,      2008                                                                                                                                                                                                                            | March 31,      2007 |
|  Net      income                                                                                                                       |  $ 9,127                                                                                                                                                                                          |  $ 9,736        |
| Minority      interest in income                                                                                                            | 462                                                                                                                                                                                                         | 462        |
| Depreciation      of real estate and amortization  of      intangible assets exclusive of deferred  financing      fees |   8,647                                                                                                                                                                                           |   7,026        |
| Depreciation      and amortization from  unconsolidated      joint ventures                                                       |  15                                                                                                                                                                                                    |  14        |
| Preferred      unit distributions                                                                                                           | -                                                                                                                                                                                                      | (628)       |
| Funds      from operations allocable to  minority      interest in consolidated joint ventures                                    |       (462)                                                                                                                                                                        |     (462)       |
| FFO      available to common unitholders                                                                                                    | $  17,789       =======                                                                                                                                             | $ 16,148       ======       |

----

| *      | 7.80%      mortgage note due December 2011, secured by 11 self-storage facilities      (Locke Sovran I) with an aggregate net book value of      $41.4 million, principal and interest paid monthly.  The      outstanding balance at March 31, 2008 on this mortgage was      $29.0 million.                                     |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                            |
| *      | 7.19%      mortgage note due March 2012, secured by 27 self-storage facilities (Locke      Sovran II) with an aggregate net book value of $80.4 million,      principal and interest paid monthly.  The outstanding balance at      March 31, 2008 on this mortgage was    $43.4 million.                                         |
|   |                                                                                                                                                                                                                                                                                                                                                            |
| *      | 7.25%      mortgage note due December 2011, secured by 1 self-storage facility with      an aggregate net book value of $5.9 million, principal and interest      paid monthly.  Estimated market rate at time of acquisition      5.40%.  The outstanding balance at March 31, 2008 on this      mortgage was $3.6 million. |
|   |                                                                                                                                                                                                                                                                                                                                                            |
| *      | 6.76%      mortgage note due September 2013, secured by 1 self-storage facility with      an aggregate net book value of $2.1 million, principal and interest      paid monthly.  The outstanding balance at March 31, 2008 on      this mortgage was $1.0 million.                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                            |
| *      | 6.35%      mortgage note due March 2014, secured by 1 self-storage facility with an      aggregate net book value of $1.8 million, principal and interest paid      monthly.  The outstanding balance at March 31, 2008 on this      mortgage was $1.1 million.                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                            |
| *      | 5.55%      mortgage notes due November 2009, secured by 8 self-storage facilities      with an aggregate net book value of $35.2 million, interest only paid      monthly.  Estimated market rate at time of acquisition      6.44%.  The outstanding balance at March 31, 2008 on this      mortgage was $25.8 million.     |

----

| *      | 7.50%      mortgage notes due August 2011, secured by 3 self-storage facilities with      an aggregate net book value of $14.4 million, principal and interest paid      monthly.  Estimated market rate at time of acquisition      6.42%.  The outstanding balance at March 31, 2008 on this      mortgage was $6.2 million. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                               |

----

----

|   Notional      Amount |   Effective      Date |   Expiration      Date |  Fixed   Rate      Paid |  Floating      Rate  Received      |
|----------------------------------|---------------------------------|----------------------------------|---------------------------------------------|----------------------------------------------------------------------------|
|                             |                            |                             |                                        |                                                                       |
| $50      Million                 | 11/14/05                        | 9/1/09                           | 5.590%                                      | 1      month LIBOR                                                         |
| $20      Million                 | 9/4/05                          | 9/4/13                           | 5.935%                                      | 6      month LIBOR                                                         |
| $50      Million                 | 10/10/06                        | 9/1/09                           | 5.680%                                      | 1      month LIBOR                                                         |

| Item      3. | Quantitative      and Qualitative Disclosures About MarketRisk |
|--------------|----------------------------------------------------------------|

----

| Item      4. | Controls      and Procedures |
|--------------|------------------------------|

| PART      II.Item      1. | Other      InformationLegal      Proceedings |
|---------------------------|----------------------------------------------|

| Item      1A. | Risk      Factors |
|---------------|-------------------|

| Item      2. | Unregistered      Sales of Equity Securities and Use ofProceeds |
|--------------|-----------------------------------------------------------------|

| Item      3. | Defaults      Upon Senior Securities |
|--------------|--------------------------------------|

| Item      4. | Submission      of Matters to a Vote of SecurityHolders |
|--------------|---------------------------------------------------------|

----

| Item      5. | Other      Information |
|--------------|------------------------|

| Item      6. | Exhibits                                                                                                                                                                                     |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                         |
| 31.1         | Certification      of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a)      of the Securities Exchange Act, as amended.                                                 |   |
|         |                                                                                                                                                                                         |   |
| 31.2         | Certification      of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a)      of the Securities Exchange Act, as amended.                                                 |   |
|         |                                                                                                                                                                                         |   |
| 32           | Certification      of Chief Executive Officer and Chief Financial Officer Pursuant to 18      U.S.C. Section 1350 as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002. |   |

----

|       May      9, 2008 | SOVRAN      ACQUISITION LIMITED PARTNERSHIP By:  Sovran      Holdings, Inc.Its:  General      Partner  By:   /s/      David L.      Rogers                                  David      L. Rogers,           Chief      Financial Officer |
|------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----