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    <link:label xlink:type="resource" xlink:label="label_CostOfRevenue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfRevenue" xml:lang="en-US" id="label_CostOfRevenue_2">Property operations</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevelopmentInProcess" xlink:to="label_DevelopmentInProcess" xlink:title="label: DevelopmentInProcess to label_DevelopmentInProcess" />
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    <link:label xlink:type="resource" xlink:label="label_PaymentsOfFinancingCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfFinancingCosts" xml:lang="en-US" id="label_PaymentsOfFinancingCosts_2">Deferred financing costs</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInFinancingActivitiesAbstract to label_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_2">Net Cash Provided by (Used in) Financing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_2" xlink:title="label: NetCashProvidedByUsedInFinancingActivitiesAbstract to label_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetCashProvidedByUsedInFinancingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_3">Cash flows from financing activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInFinancingActivitiesAbstract_3" xlink:title="label: NetCashProvidedByUsedInFinancingActivitiesAbstract to label_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="NetCashProvidedByUsedInFinancingActivities" xlink:title="NetCashProvidedByUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInFinancingActivities">Net Cash Provided by (Used in) Financing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivities" xlink:to="label_NetCashProvidedByUsedInFinancingActivities" xlink:title="label: NetCashProvidedByUsedInFinancingActivities to label_NetCashProvidedByUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInFinancingActivities_2">Net cash provided by (used in) financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInFinancingActivities" xlink:to="label_NetCashProvidedByUsedInFinancingActivities_2" xlink:title="label: NetCashProvidedByUsedInFinancingActivities to label_NetCashProvidedByUsedInFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInInvestingActivitiesAbstract">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInInvestingActivitiesAbstract to label_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_2">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_2" xlink:title="label: NetCashProvidedByUsedInInvestingActivitiesAbstract to label_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_3">Cash flows from investing activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInInvestingActivitiesAbstract_3" xlink:title="label: NetCashProvidedByUsedInInvestingActivitiesAbstract to label_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="NetCashProvidedByUsedInInvestingActivities" xlink:title="NetCashProvidedByUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInInvestingActivities">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivities" xlink:to="label_NetCashProvidedByUsedInInvestingActivities" xlink:title="label: NetCashProvidedByUsedInInvestingActivities to label_NetCashProvidedByUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInInvestingActivities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInInvestingActivities_2">Net cash used in investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInInvestingActivities" xlink:to="label_NetCashProvidedByUsedInInvestingActivities_2" xlink:title="label: NetCashProvidedByUsedInInvestingActivities to label_NetCashProvidedByUsedInInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInOperatingActivitiesAbstract">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:title="label: NetCashProvidedByUsedInOperatingActivitiesAbstract to label_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInOperatingActivitiesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInOperatingActivitiesAbstract_2">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInOperatingActivitiesAbstract_2" xlink:title="label: NetCashProvidedByUsedInOperatingActivitiesAbstract to label_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInOperatingActivitiesAbstract_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US" id="label_NetCashProvidedByUsedInOperatingActivitiesAbstract_3">Cash flows from operating activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="label_NetCashProvidedByUsedInOperatingActivitiesAbstract_3" xlink:title="label: NetCashProvidedByUsedInOperatingActivitiesAbstract to label_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="NetCashProvidedByUsedInOperatingActivities" xlink:title="NetCashProvidedByUsedInOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInOperatingActivities">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivities" xlink:to="label_NetCashProvidedByUsedInOperatingActivities" xlink:title="label: NetCashProvidedByUsedInOperatingActivities to label_NetCashProvidedByUsedInOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_NetCashProvidedByUsedInOperatingActivities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US" id="label_NetCashProvidedByUsedInOperatingActivities_2">Net cash provided by operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetCashProvidedByUsedInOperatingActivities" xlink:to="label_NetCashProvidedByUsedInOperatingActivities_2" xlink:title="label: NetCashProvidedByUsedInOperatingActivities to label_NetCashProvidedByUsedInOperatingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="NetIncomeLossAvailableToCommonStockholdersBasic" />
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersBasic" xml:lang="en-US" id="label_NetIncomeLossAvailableToCommonStockholdersBasic">Net Income (Loss) Available to Common Stockholders, Basic</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersBasic to label_NetIncomeLossAvailableToCommonStockholdersBasic" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="NetIncomeLoss" xlink:title="NetIncomeLoss" />
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeLoss" xml:lang="en-US" id="label_NetIncomeLoss">Net Income (Loss) Attributable to Parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLoss" xlink:to="label_NetIncomeLoss" xlink:title="label: NetIncomeLoss to label_NetIncomeLoss" />
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLoss_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetIncomeLoss" xml:lang="en-US" id="label_NetIncomeLoss_2">Net income attributable to common stockholders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLoss" xlink:to="label_NetIncomeLoss_2" xlink:title="label: NetIncomeLoss to label_NetIncomeLoss" />
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLoss_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetIncomeLoss" xml:lang="en-US" id="label_NetIncomeLoss_3">Net income attributable to common stockholders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLoss" xlink:to="label_NetIncomeLoss_3" xlink:title="label: NetIncomeLoss to label_NetIncomeLoss" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="CashAndCashEquivalentsPeriodIncreaseDecrease" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US" id="label_CashAndCashEquivalentsPeriodIncreaseDecrease">Cash and Cash Equivalents, Period Increase (Decrease)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:title="label: CashAndCashEquivalentsPeriodIncreaseDecrease to label_CashAndCashEquivalentsPeriodIncreaseDecrease" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsPeriodIncreaseDecrease_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US" id="label_CashAndCashEquivalentsPeriodIncreaseDecrease_2">Net decrease in cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="label_CashAndCashEquivalentsPeriodIncreaseDecrease_2" xlink:title="label: CashAndCashEquivalentsPeriodIncreaseDecrease to label_CashAndCashEquivalentsPeriodIncreaseDecrease" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterestInOperatingPartnerships" xlink:label="MinorityInterestInOperatingPartnerships" xlink:title="MinorityInterestInOperatingPartnerships" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInOperatingPartnerships" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestInOperatingPartnerships" xml:lang="en-US" id="label_MinorityInterestInOperatingPartnerships">Noncontrolling Interest in Operating Partnerships</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInOperatingPartnerships" xlink:to="label_MinorityInterestInOperatingPartnerships" xlink:title="label: MinorityInterestInOperatingPartnerships to label_MinorityInterestInOperatingPartnerships" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInOperatingPartnerships_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestInOperatingPartnerships" xml:lang="en-US" id="label_MinorityInterestInOperatingPartnerships_2">Noncontrolling interests in Operating Partnership</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInOperatingPartnerships" xlink:to="label_MinorityInterestInOperatingPartnerships_2" xlink:title="label: MinorityInterestInOperatingPartnerships to label_MinorityInterestInOperatingPartnerships" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="OperatingIncomeLoss" xlink:title="OperatingIncomeLoss" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingIncomeLoss" xml:lang="en-US" id="label_OperatingIncomeLoss">Operating Income (Loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeLoss" xlink:to="label_OperatingIncomeLoss" xlink:title="label: OperatingIncomeLoss to label_OperatingIncomeLoss" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeLoss_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OperatingIncomeLoss" xml:lang="en-US" id="label_OperatingIncomeLoss_2">Income from operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeLoss" xlink:to="label_OperatingIncomeLoss_2" xlink:title="label: OperatingIncomeLoss to label_OperatingIncomeLoss" />
    <link:label xlink:type="resource" xlink:label="label_OperatingIncomeLoss_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingIncomeLoss" xml:lang="en-US" id="label_OperatingIncomeLoss_3">Income (loss) from operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingIncomeLoss" xlink:to="label_OperatingIncomeLoss_3" xlink:title="label: OperatingIncomeLoss to label_OperatingIncomeLoss" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="RevenuesAbstract" xlink:title="RevenuesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_RevenuesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenuesAbstract" xml:lang="en-US" id="label_RevenuesAbstract">Revenues [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenuesAbstract" xlink:to="label_RevenuesAbstract" xlink:title="label: RevenuesAbstract to label_RevenuesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_RevenuesAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenuesAbstract" xml:lang="en-US" id="label_RevenuesAbstract_2">Revenues [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenuesAbstract" xlink:to="label_RevenuesAbstract_2" xlink:title="label: RevenuesAbstract to label_RevenuesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_RevenuesAbstract_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenuesAbstract" xml:lang="en-US" id="label_RevenuesAbstract_3">Revenues:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenuesAbstract" xlink:to="label_RevenuesAbstract_3" xlink:title="label: RevenuesAbstract to label_RevenuesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssets" xlink:label="OtherAssets" xlink:title="OtherAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssets" xml:lang="en-US" id="label_OtherAssets">Other Assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssets" xlink:to="label_OtherAssets" xlink:title="label: OtherAssets to label_OtherAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAssets" xml:lang="en-US" id="label_OtherAssets_2">Other assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssets" xlink:to="label_OtherAssets_2" xlink:title="label: OtherAssets to label_OtherAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease" xlink:label="OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease" xlink:title="OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease" />
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    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease" xml:lang="en-US" id="label_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease_2">Change in fair value of interest rate swap</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherMinorityInterests" xlink:label="OtherMinorityInterests" xlink:title="OtherMinorityInterests" />
    <link:label xlink:type="resource" xlink:label="label_OtherMinorityInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherMinorityInterests" xml:lang="en-US" id="label_OtherMinorityInterests">Other Noncontrolling Interests;</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMinorityInterests" xlink:to="label_OtherMinorityInterests" xlink:title="label: OtherMinorityInterests to label_OtherMinorityInterests" />
    <link:label xlink:type="resource" xlink:label="label_OtherMinorityInterests_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherMinorityInterests" xml:lang="en-US" id="label_OtherMinorityInterests_2">Other noncontrolling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMinorityInterests" xlink:to="label_OtherMinorityInterests_2" xlink:title="label: OtherMinorityInterests to label_OtherMinorityInterests" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherNotesPayable" xlink:label="OtherNotesPayable" xlink:title="OtherNotesPayable" />
    <link:label xlink:type="resource" xlink:label="label_OtherNotesPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNotesPayable" xml:lang="en-US" id="label_OtherNotesPayable">Other Notes Payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNotesPayable" xlink:to="label_OtherNotesPayable" xlink:title="label: OtherNotesPayable to label_OtherNotesPayable" />
    <link:label xlink:type="resource" xlink:label="label_OtherNotesPayable_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNotesPayable" xml:lang="en-US" id="label_OtherNotesPayable_2">Notes payable to trusts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNotesPayable" xlink:to="label_OtherNotesPayable_2" xlink:title="label: OtherNotesPayable to label_OtherNotesPayable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherRealEstateRevenue" xlink:label="OtherRealEstateRevenue" xlink:title="OtherRealEstateRevenue" />
    <link:label xlink:type="resource" xlink:label="label_OtherRealEstateRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherRealEstateRevenue" xml:lang="en-US" id="label_OtherRealEstateRevenue">Other Real Estate Revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRealEstateRevenue" xlink:to="label_OtherRealEstateRevenue" xlink:title="label: OtherRealEstateRevenue to label_OtherRealEstateRevenue" />
    <link:label xlink:type="resource" xlink:label="label_OtherRealEstateRevenue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherRealEstateRevenue" xml:lang="en-US" id="label_OtherRealEstateRevenue_2">Other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRealEstateRevenue" xlink:to="label_OtherRealEstateRevenue_2" xlink:title="label: OtherRealEstateRevenue to label_OtherRealEstateRevenue" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="PaymentsOfDividendsCommonStock" xlink:title="PaymentsOfDividendsCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfDividendsCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividendsCommonStock" xml:lang="en-US" id="label_PaymentsOfDividendsCommonStock">Payments of Dividends, Common Stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsCommonStock" xlink:to="label_PaymentsOfDividendsCommonStock" xlink:title="label: PaymentsOfDividendsCommonStock to label_PaymentsOfDividendsCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfDividendsCommonStock_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfDividendsCommonStock" xml:lang="en-US" id="label_PaymentsOfDividendsCommonStock_2">Dividends paid on common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsCommonStock" xlink:to="label_PaymentsOfDividendsCommonStock_2" xlink:title="label: PaymentsOfDividendsCommonStock to label_PaymentsOfDividendsCommonStock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="PaymentsOfDividendsMinorityInterest" xlink:title="PaymentsOfDividendsMinorityInterest" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfDividendsMinorityInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfDividendsMinorityInterest" xml:lang="en-US" id="label_PaymentsOfDividendsMinorityInterest">Payments of Dividends, Noncontrolling Interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsMinorityInterest" xlink:to="label_PaymentsOfDividendsMinorityInterest" xlink:title="label: PaymentsOfDividendsMinorityInterest to label_PaymentsOfDividendsMinorityInterest" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfDividendsMinorityInterest_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfDividendsMinorityInterest" xml:lang="en-US" id="label_PaymentsOfDividendsMinorityInterest_2">Distributions to noncontrolling interests (Operating Partnership and other)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfDividendsMinorityInterest" xlink:to="label_PaymentsOfDividendsMinorityInterest_2" xlink:title="label: PaymentsOfDividendsMinorityInterest to label_PaymentsOfDividendsMinorityInterest" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="PreferredStockSharesAuthorized" xlink:title="PreferredStockSharesAuthorized" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockSharesAuthorized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockSharesAuthorized" xml:lang="en-US" id="label_PreferredStockSharesAuthorized">Preferred Stock, Shares Authorized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesAuthorized" xlink:to="label_PreferredStockSharesAuthorized" xlink:title="label: PreferredStockSharesAuthorized to label_PreferredStockSharesAuthorized" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockSharesAuthorized_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockSharesAuthorized" xml:lang="en-US" id="label_PreferredStockSharesAuthorized_2">Preferred stock, shares authorized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesAuthorized" xlink:to="label_PreferredStockSharesAuthorized_2" xlink:title="label: PreferredStockSharesAuthorized to label_PreferredStockSharesAuthorized" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="PreferredStockSharesIssued" xlink:title="PreferredStockSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockSharesIssued" xml:lang="en-US" id="label_PreferredStockSharesIssued">Preferred Stock, Shares Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesIssued" xlink:to="label_PreferredStockSharesIssued" xlink:title="label: PreferredStockSharesIssued to label_PreferredStockSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockSharesIssued_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockSharesIssued" xml:lang="en-US" id="label_PreferredStockSharesIssued_2">Preferred stock, shares issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesIssued" xlink:to="label_PreferredStockSharesIssued_2" xlink:title="label: PreferredStockSharesIssued to label_PreferredStockSharesIssued" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterestInPreferredUnitHolders" xlink:label="MinorityInterestInPreferredUnitHolders" xlink:title="MinorityInterestInPreferredUnitHolders" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInPreferredUnitHolders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestInPreferredUnitHolders" xml:lang="en-US" id="label_MinorityInterestInPreferredUnitHolders">Noncontrolling Interest in Preferred Unit Holders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInPreferredUnitHolders" xlink:to="label_MinorityInterestInPreferredUnitHolders" xlink:title="label: MinorityInterestInPreferredUnitHolders to label_MinorityInterestInPreferredUnitHolders" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInPreferredUnitHolders_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MinorityInterestInPreferredUnitHolders" xml:lang="en-US" id="label_MinorityInterestInPreferredUnitHolders_2">Noncontrolling interest represented by Preferred Operating Partnership units, net of $100,000 note receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInPreferredUnitHolders" xlink:to="label_MinorityInterestInPreferredUnitHolders_2" xlink:title="label: MinorityInterestInPreferredUnitHolders to label_MinorityInterestInPreferredUnitHolders" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="ProceedsFromIssuanceOfCommonStock" xlink:title="ProceedsFromIssuanceOfCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssuanceOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuanceOfCommonStock" xml:lang="en-US" id="label_ProceedsFromIssuanceOfCommonStock">Proceeds from Issuance of Common Stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfCommonStock" xlink:to="label_ProceedsFromIssuanceOfCommonStock" xlink:title="label: ProceedsFromIssuanceOfCommonStock to label_ProceedsFromIssuanceOfCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssuanceOfCommonStock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssuanceOfCommonStock" xml:lang="en-US" id="label_ProceedsFromIssuanceOfCommonStock_3">Proceeds from the sale of common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfCommonStock" xlink:to="label_ProceedsFromIssuanceOfCommonStock_3" xlink:title="label: ProceedsFromIssuanceOfCommonStock to label_ProceedsFromIssuanceOfCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssuanceOfCommonStock_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProceedsFromIssuanceOfCommonStock" xml:lang="en-US" id="label_ProceedsFromIssuanceOfCommonStock_2">Net proceeds from issuance of common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuanceOfCommonStock" xlink:to="label_ProceedsFromIssuanceOfCommonStock_2" xlink:title="label: ProceedsFromIssuanceOfCommonStock to label_ProceedsFromIssuanceOfCommonStock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromMinorityShareholders" xlink:label="ProceedsFromMinorityShareholders" xlink:title="ProceedsFromMinorityShareholders" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromMinorityShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromMinorityShareholders" xml:lang="en-US" id="label_ProceedsFromMinorityShareholders">Proceeds from Noncontrolling Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromMinorityShareholders" xlink:to="label_ProceedsFromMinorityShareholders" xlink:title="label: ProceedsFromMinorityShareholders to label_ProceedsFromMinorityShareholders" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromMinorityShareholders_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromMinorityShareholders" xml:lang="en-US" id="label_ProceedsFromMinorityShareholders_2">Investments from noncontrolling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromMinorityShareholders" xlink:to="label_ProceedsFromMinorityShareholders_2" xlink:title="label: ProceedsFromMinorityShareholders to label_ProceedsFromMinorityShareholders" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfOtherRealEstate" xlink:label="ProceedsFromSaleOfOtherRealEstate" xlink:title="ProceedsFromSaleOfOtherRealEstate" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOfOtherRealEstate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfOtherRealEstate" xml:lang="en-US" id="label_ProceedsFromSaleOfOtherRealEstate">Proceeds from Sale of Other Real Estate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfOtherRealEstate" xlink:to="label_ProceedsFromSaleOfOtherRealEstate" xlink:title="label: ProceedsFromSaleOfOtherRealEstate to label_ProceedsFromSaleOfOtherRealEstate" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOfOtherRealEstate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSaleOfOtherRealEstate" xml:lang="en-US" id="label_ProceedsFromSaleOfOtherRealEstate_2">Proceeds from sale of properties to joint venture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfOtherRealEstate" xlink:to="label_ProceedsFromSaleOfOtherRealEstate_2" xlink:title="label: ProceedsFromSaleOfOtherRealEstate to label_ProceedsFromSaleOfOtherRealEstate" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="ProceedsFromStockOptionsExercised" xlink:title="ProceedsFromStockOptionsExercised" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromStockOptionsExercised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromStockOptionsExercised" xml:lang="en-US" id="label_ProceedsFromStockOptionsExercised">Proceeds from Stock Options Exercised</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromStockOptionsExercised" xlink:to="label_ProceedsFromStockOptionsExercised" xlink:title="label: ProceedsFromStockOptionsExercised to label_ProceedsFromStockOptionsExercised" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromStockOptionsExercised_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromStockOptionsExercised" xml:lang="en-US" id="label_ProceedsFromStockOptionsExercised_2">Net proceeds from exercise of stock options</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromStockOptionsExercised" xlink:to="label_ProceedsFromStockOptionsExercised_2" xlink:title="label: ProceedsFromStockOptionsExercised to label_ProceedsFromStockOptionsExercised" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireCommercialRealEstate" xlink:label="PaymentsToAcquireCommercialRealEstate" xlink:title="PaymentsToAcquireCommercialRealEstate" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquireCommercialRealEstate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireCommercialRealEstate" xml:lang="en-US" id="label_PaymentsToAcquireCommercialRealEstate">Payments to Acquire Commercial Real Estate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireCommercialRealEstate" xlink:to="label_PaymentsToAcquireCommercialRealEstate" xlink:title="label: PaymentsToAcquireCommercialRealEstate to label_PaymentsToAcquireCommercialRealEstate" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquireCommercialRealEstate_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquireCommercialRealEstate" xml:lang="en-US" id="label_PaymentsToAcquireCommercialRealEstate_2">Acquisition of real estate assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireCommercialRealEstate" xlink:to="label_PaymentsToAcquireCommercialRealEstate_2" xlink:title="label: PaymentsToAcquireCommercialRealEstate to label_PaymentsToAcquireCommercialRealEstate" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsForConstructionInProcess" xlink:label="PaymentsForConstructionInProcess" xlink:title="PaymentsForConstructionInProcess" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForConstructionInProcess" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForConstructionInProcess" xml:lang="en-US" id="label_PaymentsForConstructionInProcess">Payments for Construction in Process</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForConstructionInProcess" xlink:to="label_PaymentsForConstructionInProcess" xlink:title="label: PaymentsForConstructionInProcess to label_PaymentsForConstructionInProcess" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForConstructionInProcess_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsForConstructionInProcess" xml:lang="en-US" id="label_PaymentsForConstructionInProcess_2">Development and construction of real estate assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForConstructionInProcess" xlink:to="label_PaymentsForConstructionInProcess_2" xlink:title="label: PaymentsForConstructionInProcess to label_PaymentsForConstructionInProcess" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="PaymentsToAcquireEquityMethodInvestments" xlink:title="PaymentsToAcquireEquityMethodInvestments" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquireEquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireEquityMethodInvestments" xml:lang="en-US" id="label_PaymentsToAcquireEquityMethodInvestments">Payments to Acquire Equity Method Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireEquityMethodInvestments" xlink:to="label_PaymentsToAcquireEquityMethodInvestments" xlink:title="label: PaymentsToAcquireEquityMethodInvestments to label_PaymentsToAcquireEquityMethodInvestments" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquireEquityMethodInvestments_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToAcquireEquityMethodInvestments" xml:lang="en-US" id="label_PaymentsToAcquireEquityMethodInvestments_2">Investments in real estate ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireEquityMethodInvestments" xlink:to="label_PaymentsToAcquireEquityMethodInvestments_2" xlink:title="label: PaymentsToAcquireEquityMethodInvestments to label_PaymentsToAcquireEquityMethodInvestments" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RealEstateDisclosureTextBlock" xlink:label="RealEstateDisclosureTextBlock" xlink:title="RealEstateDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateDisclosureTextBlock" xml:lang="en-US" id="label_RealEstateDisclosureTextBlock">Real Estate Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateDisclosureTextBlock" xlink:to="label_RealEstateDisclosureTextBlock" xlink:title="label: RealEstateDisclosureTextBlock to label_RealEstateDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateDisclosureTextBlock" xml:lang="en-US" id="label_RealEstateDisclosureTextBlock_2">Real Estate Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateDisclosureTextBlock" xlink:to="label_RealEstateDisclosureTextBlock_2" xlink:title="label: RealEstateDisclosureTextBlock to label_RealEstateDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateDisclosureTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstateDisclosureTextBlock" xml:lang="en-US" id="label_RealEstateDisclosureTextBlock_3">REAL ESTATE ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateDisclosureTextBlock" xlink:to="label_RealEstateDisclosureTextBlock_3" xlink:title="label: RealEstateDisclosureTextBlock to label_RealEstateDisclosureTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="RealEstateInvestmentPropertyNet" xlink:title="RealEstateInvestmentPropertyNet" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateInvestmentPropertyNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateInvestmentPropertyNet" xml:lang="en-US" id="label_RealEstateInvestmentPropertyNet">Real Estate Investment Property, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateInvestmentPropertyNet" xlink:to="label_RealEstateInvestmentPropertyNet" xlink:title="label: RealEstateInvestmentPropertyNet to label_RealEstateInvestmentPropertyNet" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateInvestmentPropertyNet_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_RealEstateInvestmentPropertyNet" xml:lang="en-US" id="label_RealEstateInvestmentPropertyNet_2">Net real estate assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateInvestmentPropertyNet" xlink:to="label_RealEstateInvestmentPropertyNet_2" xlink:title="label: RealEstateInvestmentPropertyNet to label_RealEstateInvestmentPropertyNet" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="RealEstateRevenueNet" xlink:title="RealEstateRevenueNet" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateRevenueNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateRevenueNet" xml:lang="en-US" id="label_RealEstateRevenueNet">Real Estate Revenue, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateRevenueNet" xlink:to="label_RealEstateRevenueNet" xlink:title="label: RealEstateRevenueNet to label_RealEstateRevenueNet" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateRevenueNet_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_RealEstateRevenueNet" xml:lang="en-US" id="label_RealEstateRevenueNet_2">Total revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateRevenueNet" xlink:to="label_RealEstateRevenueNet_2" xlink:title="label: RealEstateRevenueNet to label_RealEstateRevenueNet" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateRevenueNet_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstateRevenueNet" xml:lang="en-US" id="label_RealEstateRevenueNet_3">Total revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateRevenueNet" xlink:to="label_RealEstateRevenueNet_3" xlink:title="label: RealEstateRevenueNet to label_RealEstateRevenueNet" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DueFromRelatedPartiesNoncurrent" xlink:label="DueFromRelatedPartiesNoncurrent" xlink:title="DueFromRelatedPartiesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_DueFromRelatedPartiesNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromRelatedPartiesNoncurrent" xml:lang="en-US" id="label_DueFromRelatedPartiesNoncurrent">Due from Related Parties, Noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromRelatedPartiesNoncurrent" xlink:to="label_DueFromRelatedPartiesNoncurrent" xlink:title="label: DueFromRelatedPartiesNoncurrent to label_DueFromRelatedPartiesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_DueFromRelatedPartiesNoncurrent_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueFromRelatedPartiesNoncurrent" xml:lang="en-US" id="label_DueFromRelatedPartiesNoncurrent_3">Note receivable from noncontrolling interest represented by Preferred Operating Partnership units (in dollars)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromRelatedPartiesNoncurrent" xlink:to="label_DueFromRelatedPartiesNoncurrent_3" xlink:title="label: DueFromRelatedPartiesNoncurrent to label_DueFromRelatedPartiesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_DueFromRelatedPartiesNoncurrent_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DueFromRelatedPartiesNoncurrent" xml:lang="en-US" id="label_DueFromRelatedPartiesNoncurrent_4">Note receivable from Preferred Operating Partnership unit holder</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromRelatedPartiesNoncurrent" xlink:to="label_DueFromRelatedPartiesNoncurrent_4" xlink:title="label: DueFromRelatedPartiesNoncurrent to label_DueFromRelatedPartiesNoncurrent" />
    <link:label xlink:type="resource" xlink:label="label_DueFromRelatedPartiesNoncurrent_2" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_DueFromRelatedPartiesNoncurrent" xml:lang="en-US" id="label_DueFromRelatedPartiesNoncurrent_2">Loan to holders of preferred OP units</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromRelatedPartiesNoncurrent" xlink:to="label_DueFromRelatedPartiesNoncurrent_2" xlink:title="label: DueFromRelatedPartiesNoncurrent to label_DueFromRelatedPartiesNoncurrent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="RelatedPartyTransactionsDisclosureTextBlock" xlink:title="RelatedPartyTransactionsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US" id="label_RelatedPartyTransactionsDisclosureTextBlock">Related Party Transactions Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_RelatedPartyTransactionsDisclosureTextBlock" xlink:title="label: RelatedPartyTransactionsDisclosureTextBlock to label_RelatedPartyTransactionsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US" id="label_RelatedPartyTransactionsDisclosureTextBlock_2">Related Party Transactions Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_RelatedPartyTransactionsDisclosureTextBlock_2" xlink:title="label: RelatedPartyTransactionsDisclosureTextBlock to label_RelatedPartyTransactionsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsDisclosureTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US" id="label_RelatedPartyTransactionsDisclosureTextBlock_3">RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsDisclosureTextBlock" xlink:to="label_RelatedPartyTransactionsDisclosureTextBlock_3" xlink:title="label: RelatedPartyTransactionsDisclosureTextBlock to label_RelatedPartyTransactionsDisclosureTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RepaymentsOfUnsecuredDebt" xlink:label="RepaymentsOfUnsecuredDebt" xlink:title="RepaymentsOfUnsecuredDebt" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfUnsecuredDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfUnsecuredDebt" xml:lang="en-US" id="label_RepaymentsOfUnsecuredDebt">Repayments of Unsecured Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfUnsecuredDebt" xlink:to="label_RepaymentsOfUnsecuredDebt" xlink:title="label: RepaymentsOfUnsecuredDebt to label_RepaymentsOfUnsecuredDebt" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfUnsecuredDebt_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfUnsecuredDebt" xml:lang="en-US" id="label_RepaymentsOfUnsecuredDebt_2">Repurchase of exchangeable senior notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfUnsecuredDebt" xlink:to="label_RepaymentsOfUnsecuredDebt_2" xlink:title="label: RepaymentsOfUnsecuredDebt to label_RepaymentsOfUnsecuredDebt" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="PaymentsToMinorityShareholders" xlink:title="PaymentsToMinorityShareholders" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsToMinorityShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToMinorityShareholders" xml:lang="en-US" id="label_PaymentsToMinorityShareholders">Payments to Noncontrolling Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToMinorityShareholders" xlink:to="label_PaymentsToMinorityShareholders" xlink:title="label: PaymentsToMinorityShareholders to label_PaymentsToMinorityShareholders" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsToMinorityShareholders_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsToMinorityShareholders" xml:lang="en-US" id="label_PaymentsToMinorityShareholders_2">Redemption of Operating Partnership units held by noncontrolling interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToMinorityShareholders" xlink:to="label_PaymentsToMinorityShareholders_2" xlink:title="label: PaymentsToMinorityShareholders to label_PaymentsToMinorityShareholders" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="RetainedEarningsAccumulatedDeficit" xlink:title="RetainedEarningsAccumulatedDeficit" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsAccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsAccumulatedDeficit" xml:lang="en-US" id="label_RetainedEarningsAccumulatedDeficit">Retained Earnings (Accumulated Deficit)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsAccumulatedDeficit" xlink:to="label_RetainedEarningsAccumulatedDeficit" xlink:title="label: RetainedEarningsAccumulatedDeficit to label_RetainedEarningsAccumulatedDeficit" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsAccumulatedDeficit_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsAccumulatedDeficit" xml:lang="en-US" id="label_RetainedEarningsAccumulatedDeficit_2">Accumulated deficit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsAccumulatedDeficit" xlink:to="label_RetainedEarningsAccumulatedDeficit_2" xlink:title="label: RetainedEarningsAccumulatedDeficit to label_RetainedEarningsAccumulatedDeficit" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ManagementFeesRevenue" xlink:label="ManagementFeesRevenue" xlink:title="ManagementFeesRevenue" />
    <link:label xlink:type="resource" xlink:label="label_ManagementFeesRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementFeesRevenue" xml:lang="en-US" id="label_ManagementFeesRevenue">Management Fees Revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeesRevenue" xlink:to="label_ManagementFeesRevenue" xlink:title="label: ManagementFeesRevenue to label_ManagementFeesRevenue" />
    <link:label xlink:type="resource" xlink:label="label_ManagementFeesRevenue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ManagementFeesRevenue" xml:lang="en-US" id="label_ManagementFeesRevenue_2">Management and franchise fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementFeesRevenue" xlink:to="label_ManagementFeesRevenue_2" xlink:title="label: ManagementFeesRevenue to label_ManagementFeesRevenue" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:label="ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:title="ScheduleOfLineOfCreditFacilitiesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfLineOfCreditFacilitiesTextBlock" xml:lang="en-US" id="label_ScheduleOfLineOfCreditFacilitiesTextBlock">Schedule of Line of Credit Facilities [Table Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ScheduleOfLineOfCreditFacilitiesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfLineOfCreditFacilitiesTextBlock" xml:lang="en-US" id="label_ScheduleOfLineOfCreditFacilitiesTextBlock_2">Schedule of Line of Credit Facilities [Text Block]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:to="label_ScheduleOfLineOfCreditFacilitiesTextBlock_3" xlink:title="label: ScheduleOfLineOfCreditFacilitiesTextBlock to label_ScheduleOfLineOfCreditFacilitiesTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SecuredDebt" xlink:label="SecuredDebt" xlink:title="SecuredDebt" />
    <link:label xlink:type="resource" xlink:label="label_SecuredDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecuredDebt" xml:lang="en-US" id="label_SecuredDebt">Secured Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuredDebt" xlink:to="label_SecuredDebt" xlink:title="label: SecuredDebt to label_SecuredDebt" />
    <link:label xlink:type="resource" xlink:label="label_SecuredDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SecuredDebt" xml:lang="en-US" id="label_SecuredDebt_2">Notes payable</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="SegmentReportingDisclosureTextBlock" xlink:title="SegmentReportingDisclosureTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilities" xlink:to="label_OtherLiabilities" xlink:title="label: OtherLiabilities to label_OtherLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherLiabilities" xml:lang="en-US" id="label_OtherLiabilities_2">Other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilities" xlink:to="label_OtherLiabilities_2" xlink:title="label: OtherLiabilities to label_OtherLiabilities" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareBasic" xlink:to="label_EarningsPerShareBasic" xlink:title="label: EarningsPerShareBasic to label_EarningsPerShareBasic" />
    <link:label xlink:type="resource" xlink:label="label_EarningsPerShareBasic_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EarningsPerShareBasic" xml:lang="en-US" id="label_EarningsPerShareBasic_2">Basic (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareBasic" xlink:to="label_EarningsPerShareBasic_2" xlink:title="label: EarningsPerShareBasic to label_EarningsPerShareBasic" />
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInStockholdersEquityRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInStockholdersEquityRollForward" xml:lang="en-US" id="label_IncreaseDecreaseInStockholdersEquityRollForward">Increase (Decrease) in Stockholders' Equity [Roll Forward]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="label_IncreaseDecreaseInStockholdersEquityRollForward" xlink:title="label: IncreaseDecreaseInStockholdersEquityRollForward to label_IncreaseDecreaseInStockholdersEquityRollForward" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInStockholdersEquityRollForward_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInStockholdersEquityRollForward" xml:lang="en-US" id="label_IncreaseDecreaseInStockholdersEquityRollForward_2">Increase (Decrease) in Stockholders' Equity [Roll Forward]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="label_IncreaseDecreaseInStockholdersEquityRollForward_2" xlink:title="label: IncreaseDecreaseInStockholdersEquityRollForward to label_IncreaseDecreaseInStockholdersEquityRollForward" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="label_IncreaseDecreaseInStockholdersEquityRollForward_3" xlink:title="label: IncreaseDecreaseInStockholdersEquityRollForward to label_IncreaseDecreaseInStockholdersEquityRollForward" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityPeriodIncreaseDecrease" xlink:label="StockholdersEquityPeriodIncreaseDecrease" xlink:title="StockholdersEquityPeriodIncreaseDecrease" />
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityPeriodIncreaseDecrease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityPeriodIncreaseDecrease" xml:lang="en-US" id="label_StockholdersEquityPeriodIncreaseDecrease">Stockholders' Equity, Period Increase (Decrease)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityPeriodIncreaseDecrease" xlink:to="label_StockholdersEquityPeriodIncreaseDecrease" xlink:title="label: StockholdersEquityPeriodIncreaseDecrease to label_StockholdersEquityPeriodIncreaseDecrease" />
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityPeriodIncreaseDecrease_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityPeriodIncreaseDecrease" xml:lang="en-US" id="label_StockholdersEquityPeriodIncreaseDecrease_2">Stockholders' Equity, Period Increase (Decrease)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityPeriodIncreaseDecrease" xlink:to="label_StockholdersEquityPeriodIncreaseDecrease_2" xlink:title="label: StockholdersEquityPeriodIncreaseDecrease to label_StockholdersEquityPeriodIncreaseDecrease" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="PreferredStockParOrStatedValuePerShare" xlink:title="PreferredStockParOrStatedValuePerShare" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockParOrStatedValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockParOrStatedValuePerShare" xml:lang="en-US" id="label_PreferredStockParOrStatedValuePerShare">Preferred Stock, Par or Stated Value Per Share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockParOrStatedValuePerShare" xlink:to="label_PreferredStockParOrStatedValuePerShare" xlink:title="label: PreferredStockParOrStatedValuePerShare to label_PreferredStockParOrStatedValuePerShare" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockParOrStatedValuePerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockParOrStatedValuePerShare" xml:lang="en-US" id="label_PreferredStockParOrStatedValuePerShare_2">Preferred stock, par value (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockParOrStatedValuePerShare" xlink:to="label_PreferredStockParOrStatedValuePerShare_2" xlink:title="label: PreferredStockParOrStatedValuePerShare to label_PreferredStockParOrStatedValuePerShare" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="CommonStockSharesIssued" xlink:title="CommonStockSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockSharesIssued" xml:lang="en-US" id="label_CommonStockSharesIssued">Common Stock, Shares, Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesIssued" xlink:to="label_CommonStockSharesIssued" xlink:title="label: CommonStockSharesIssued to label_CommonStockSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockSharesIssued_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommonStockSharesIssued" xml:lang="en-US" id="label_CommonStockSharesIssued_2">Common stock, shares issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesIssued" xlink:to="label_CommonStockSharesIssued_2" xlink:title="label: CommonStockSharesIssued to label_CommonStockSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockSharesIssued_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CommonStockSharesIssued" xml:lang="en-US" id="label_CommonStockSharesIssued_3">Balances (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesIssued" xlink:to="label_CommonStockSharesIssued_3" xlink:title="label: CommonStockSharesIssued to label_CommonStockSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockSharesIssued_4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CommonStockSharesIssued" xml:lang="en-US" id="label_CommonStockSharesIssued_4">Balances (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockSharesIssued" xlink:to="label_CommonStockSharesIssued_4" xlink:title="label: CommonStockSharesIssued to label_CommonStockSharesIssued" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="PreferredStockSharesOutstanding" xlink:title="PreferredStockSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockSharesOutstanding" xml:lang="en-US" id="label_PreferredStockSharesOutstanding">Preferred Stock, Shares Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesOutstanding" xlink:to="label_PreferredStockSharesOutstanding" xlink:title="label: PreferredStockSharesOutstanding to label_PreferredStockSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockSharesOutstanding_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredStockSharesOutstanding" xml:lang="en-US" id="label_PreferredStockSharesOutstanding_2">Preferred stock, shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockSharesOutstanding" xlink:to="label_PreferredStockSharesOutstanding_2" xlink:title="label: PreferredStockSharesOutstanding to label_PreferredStockSharesOutstanding" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:label="RealEstateInvestmentPropertyNetAbstract" xlink:title="RealEstateInvestmentPropertyNetAbstract" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateInvestmentPropertyNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateInvestmentPropertyNetAbstract" xml:lang="en-US" id="label_RealEstateInvestmentPropertyNetAbstract">Real Estate Investment Property, Net [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateInvestmentPropertyNetAbstract" xlink:to="label_RealEstateInvestmentPropertyNetAbstract" xlink:title="label: RealEstateInvestmentPropertyNetAbstract to label_RealEstateInvestmentPropertyNetAbstract" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:title="IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" />
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    <link:label xlink:type="resource" xlink:label="label_CommonStockParOrStatedValuePerShare_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommonStockParOrStatedValuePerShare" xml:lang="en-US" id="label_CommonStockParOrStatedValuePerShare_2">Common stock, par value (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockParOrStatedValuePerShare" xlink:to="label_CommonStockParOrStatedValuePerShare_2" xlink:title="label: CommonStockParOrStatedValuePerShare to label_CommonStockParOrStatedValuePerShare" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="StockholdersEquity" xlink:title="StockholdersEquity" />
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquity" xml:lang="en-US" id="label_StockholdersEquity">Stockholders' Equity Attributable to Parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:to="label_StockholdersEquity" xlink:title="label: StockholdersEquity to label_StockholdersEquity" />
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquity_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_StockholdersEquity" xml:lang="en-US" id="label_StockholdersEquity_2">Total Extra Space Storage Inc. stockholders' equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquity" xlink:to="label_StockholdersEquity_2" xlink:title="label: StockholdersEquity to label_StockholdersEquity" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="IncomeTaxExpenseBenefit" xlink:title="IncomeTaxExpenseBenefit" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseBenefit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxExpenseBenefit" xml:lang="en-US" id="label_IncomeTaxExpenseBenefit">Income Tax Expense (Benefit)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseBenefit" xlink:to="label_IncomeTaxExpenseBenefit" xlink:title="label: IncomeTaxExpenseBenefit to label_IncomeTaxExpenseBenefit" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseBenefit_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxExpenseBenefit" xml:lang="en-US" id="label_IncomeTaxExpenseBenefit_2">Income tax expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseBenefit" xlink:to="label_IncomeTaxExpenseBenefit_2" xlink:title="label: IncomeTaxExpenseBenefit to label_IncomeTaxExpenseBenefit" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="PreferredStockValue" xlink:title="PreferredStockValue" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredStockValue" xml:lang="en-US" id="label_PreferredStockValue">Preferred Stock, Value, Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValue" xlink:to="label_PreferredStockValue" xlink:title="label: PreferredStockValue to label_PreferredStockValue" />
    <link:label xlink:type="resource" xlink:label="label_PreferredStockValue_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PreferredStockValue" xml:lang="en-US" id="label_PreferredStockValue_2">Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued or outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredStockValue" xlink:to="label_PreferredStockValue_2" xlink:title="label: PreferredStockValue to label_PreferredStockValue" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="CommonStockDividendsPerShareCashPaid" xlink:title="CommonStockDividendsPerShareCashPaid" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockDividendsPerShareCashPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockDividendsPerShareCashPaid" xml:lang="en-US" id="label_CommonStockDividendsPerShareCashPaid">Common Stock, Dividends, Per Share, Cash Paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockDividendsPerShareCashPaid" xlink:to="label_CommonStockDividendsPerShareCashPaid" xlink:title="label: CommonStockDividendsPerShareCashPaid to label_CommonStockDividendsPerShareCashPaid" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockDividendsPerShareCashPaid_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommonStockDividendsPerShareCashPaid" xml:lang="en-US" id="label_CommonStockDividendsPerShareCashPaid_2">Cash dividends paid per common share (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockDividendsPerShareCashPaid" xlink:to="label_CommonStockDividendsPerShareCashPaid_2" xlink:title="label: CommonStockDividendsPerShareCashPaid to label_CommonStockDividendsPerShareCashPaid" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockDividendsPerShareCashPaid_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CommonStockDividendsPerShareCashPaid" xml:lang="en-US" id="label_CommonStockDividendsPerShareCashPaid_3">Dividends paid on common stock, per share (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockDividendsPerShareCashPaid" xlink:to="label_CommonStockDividendsPerShareCashPaid_3" xlink:title="label: CommonStockDividendsPerShareCashPaid to label_CommonStockDividendsPerShareCashPaid" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="MinorityInterestDecreaseFromRedemptions" xlink:title="MinorityInterestDecreaseFromRedemptions" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromRedemptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestDecreaseFromRedemptions" xml:lang="en-US" id="label_MinorityInterestDecreaseFromRedemptions">Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromRedemptions" xlink:to="label_MinorityInterestDecreaseFromRedemptions" xlink:title="label: MinorityInterestDecreaseFromRedemptions to label_MinorityInterestDecreaseFromRedemptions" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromRedemptions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestDecreaseFromRedemptions" xml:lang="en-US" id="label_MinorityInterestDecreaseFromRedemptions_2">Redemption of Operating Partnership units for cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromRedemptions" xlink:to="label_MinorityInterestDecreaseFromRedemptions_2" xlink:title="label: MinorityInterestDecreaseFromRedemptions to label_MinorityInterestDecreaseFromRedemptions" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromRedemptions_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_MinorityInterestDecreaseFromRedemptions" xml:lang="en-US" id="label_MinorityInterestDecreaseFromRedemptions_3">Redemption of Operating Partnership units for common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromRedemptions" xlink:to="label_MinorityInterestDecreaseFromRedemptions_3" xlink:title="label: MinorityInterestDecreaseFromRedemptions to label_MinorityInterestDecreaseFromRedemptions" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="StatementEquityComponentsAxis" xlink:title="StatementEquityComponentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_StatementEquityComponentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementEquityComponentsAxis" xml:lang="en-US" id="label_StatementEquityComponentsAxis">Statement, Equity Components [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementEquityComponentsAxis" xlink:to="label_StatementEquityComponentsAxis" xlink:title="label: StatementEquityComponentsAxis to label_StatementEquityComponentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="AdditionalPaidInCapitalMember" xlink:title="AdditionalPaidInCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalPaidInCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalPaidInCapitalMember" xml:lang="en-US" id="label_AdditionalPaidInCapitalMember">Paid-in Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalPaidInCapitalMember" xlink:to="label_AdditionalPaidInCapitalMember" xlink:title="label: AdditionalPaidInCapitalMember to label_AdditionalPaidInCapitalMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsMember" xml:lang="en-US" id="label_RetainedEarningsMember">Accumulated Deficit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="label: RetainedEarningsMember to label_RetainedEarningsMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="AccumulatedOtherComprehensiveIncomeMember" xlink:title="AccumulatedOtherComprehensiveIncomeMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US" id="label_AccumulatedOtherComprehensiveIncomeMember">Accumulated Other Comprehensive Deficit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedOtherComprehensiveIncomeMember" xlink:to="label_AccumulatedOtherComprehensiveIncomeMember" xlink:title="label: AccumulatedOtherComprehensiveIncomeMember to label_AccumulatedOtherComprehensiveIncomeMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="EquityComponentDomain" xlink:title="EquityComponentDomain" />
    <link:label xlink:type="resource" xlink:label="label_EquityComponentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityComponentDomain" xml:lang="en-US" id="label_EquityComponentDomain">Equity Component [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityComponentDomain" xlink:to="label_EquityComponentDomain" xlink:title="label: EquityComponentDomain to label_EquityComponentDomain" />
    <link:label xlink:type="resource" xlink:label="label_EquityComponentDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityComponentDomain" xml:lang="en-US" id="label_EquityComponentDomain_2">Equity Component [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityComponentDomain" xlink:to="label_EquityComponentDomain_2" xlink:title="label: EquityComponentDomain to label_EquityComponentDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermDebtTextBlock" xlink:label="LongTermDebtTextBlock" xlink:title="LongTermDebtTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_LongTermDebtTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtTextBlock" xml:lang="en-US" id="label_LongTermDebtTextBlock">Long-term Debt [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtTextBlock" xlink:to="label_LongTermDebtTextBlock" xlink:title="label: LongTermDebtTextBlock to label_LongTermDebtTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_LongTermDebtTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongTermDebtTextBlock" xml:lang="en-US" id="label_LongTermDebtTextBlock_2">Long-term Debt [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtTextBlock" xlink:to="label_LongTermDebtTextBlock_2" xlink:title="label: LongTermDebtTextBlock to label_LongTermDebtTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_LongTermDebtTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongTermDebtTextBlock" xml:lang="en-US" id="label_LongTermDebtTextBlock_3">NOTES PAYABLE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongTermDebtTextBlock" xlink:to="label_LongTermDebtTextBlock_3" xlink:title="label: LongTermDebtTextBlock to label_LongTermDebtTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:label="StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:title="StockIssuedDuringPeriodValueRestrictedStockAwardGross" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueRestrictedStockAwardGross">Stock Issued During Period, Value, Restricted Stock Award, Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:to="label_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:title="label: StockIssuedDuringPeriodValueRestrictedStockAwardGross to label_StockIssuedDuringPeriodValueRestrictedStockAwardGross" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueRestrictedStockAwardGross_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueRestrictedStockAwardGross_2">Restricted stock grants issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:to="label_StockIssuedDuringPeriodValueRestrictedStockAwardGross_2" xlink:title="label: StockIssuedDuringPeriodValueRestrictedStockAwardGross to label_StockIssuedDuringPeriodValueRestrictedStockAwardGross" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:label="StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:title="StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures">Stock Issued During Period, Value, Restricted Stock Award, Forfeitures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:to="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:title="label: StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures to label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures_2">Stock Issued During Period, Value, Restricted Stock Award, Forfeitures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:to="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures_2" xlink:title="label: StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures to label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures_3">Restricted stock grants cancelled</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:to="label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures_3" xlink:title="label: StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures to label_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="StockIssuedDuringPeriodValueStockOptionsExercised" xlink:title="StockIssuedDuringPeriodValueStockOptionsExercised" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueStockOptionsExercised" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueStockOptionsExercised">Stock Issued During Period, Value, Stock Options Exercised</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="label_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:title="label: StockIssuedDuringPeriodValueStockOptionsExercised to label_StockIssuedDuringPeriodValueStockOptionsExercised" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueStockOptionsExercised_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueStockOptionsExercised" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueStockOptionsExercised_2">Issuance of common stock upon the exercise of options</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="label_StockIssuedDuringPeriodValueStockOptionsExercised_2" xlink:title="label: StockIssuedDuringPeriodValueStockOptionsExercised to label_StockIssuedDuringPeriodValueStockOptionsExercised" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross" xlink:label="StockIssuedDuringPeriodSharesRestrictedStockAwardGross" xlink:title="StockIssuedDuringPeriodSharesRestrictedStockAwardGross" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodSharesRestrictedStockAwardGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesRestrictedStockAwardGross" xml:lang="en-US" id="label_StockIssuedDuringPeriodSharesRestrictedStockAwardGross">Stock Issued During Period, Shares, Restricted Stock Award, Gross</link:label>
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    <link:label xlink:type="resource" xlink:label="label_OtherLiabilitiesDisclosureTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherLiabilitiesDisclosureTextBlock" xml:lang="en-US" id="label_OtherLiabilitiesDisclosureTextBlock_3">OTHER LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesDisclosureTextBlock" xlink:to="label_OtherLiabilitiesDisclosureTextBlock_3" xlink:title="label: OtherLiabilitiesDisclosureTextBlock to label_OtherLiabilitiesDisclosureTextBlock" />
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    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueConversionOfUnits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueConversionOfUnits" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueConversionOfUnits_2">Conversion of Operating Partnership units to common stock</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:label="StockIssuedDuringPeriodSharesConversionOfUnits" xlink:title="StockIssuedDuringPeriodSharesConversionOfUnits" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeMember" xlink:label="ComprehensiveIncomeMember" xlink:title="ComprehensiveIncomeMember" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:title="StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:title="AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="StockholdersEquityOther" xlink:title="StockholdersEquityOther" />
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureTextBlock" xlink:label="NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureTextBlock" xlink:title="NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureTextBlock" />
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    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureTextBlock" xml:lang="en-US" id="label_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureTextBlock_3">This element encapsulates disclosures pertaining to noncontrolling preferred operating partnership of the entity.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock" xml:lang="en-US" id="label_UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock_2">Unrecovered Development, Acquisition and Severance Costs Disclosure [Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock" xml:lang="en-US" id="label_UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock_3">This element encapsulates disclosures pertaining to unrecovered development and acquisition costs including due diligence costs that was part of an unsuccessful attempt by the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock" xlink:to="label_UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock_3" xlink:title="label: UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock to label_UnrecoveredDevelopmentAcquisitionAndSeveranceCostsDisclosureTextBlock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_TenantReinsuranceExpense" xlink:label="TenantReinsuranceExpense" xlink:title="TenantReinsuranceExpense" />
    <link:label xlink:type="resource" xlink:label="label_TenantReinsuranceExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TenantReinsuranceExpense" xml:lang="en-US" id="label_TenantReinsuranceExpense">Tenant reinsurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenantReinsuranceExpense" xlink:to="label_TenantReinsuranceExpense" xlink:title="label: TenantReinsuranceExpense to label_TenantReinsuranceExpense" />
    <link:label xlink:type="resource" xlink:label="label_TenantReinsuranceExpense_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenantReinsuranceExpense" xml:lang="en-US" id="label_TenantReinsuranceExpense_2">Tenant Reinsurance, Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenantReinsuranceExpense" xlink:to="label_TenantReinsuranceExpense_2" xlink:title="label: TenantReinsuranceExpense to label_TenantReinsuranceExpense" />
    <link:label xlink:type="resource" xlink:label="label_TenantReinsuranceExpense_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenantReinsuranceExpense" xml:lang="en-US" id="label_TenantReinsuranceExpense_3">The costs that are incurred to provide tenant reinsurance.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenantReinsuranceExpense" xlink:to="label_TenantReinsuranceExpense_3" xlink:title="label: TenantReinsuranceExpense to label_TenantReinsuranceExpense" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xlink:label="InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xlink:title="InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xml:lang="en-US" id="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders">Interest income on note receivable from Preferred Operating Partnership unit holder</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xlink:to="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xlink:title="label: InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders to label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xml:lang="en-US" id="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders_2">Interest Income on Note Receivable from Preferred Partnership Unit Holders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xlink:to="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders_2" xlink:title="label: InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders to label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xml:lang="en-US" id="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders_3">Value of interest income on loan to the holders of preferred operating partnership units.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" xlink:to="label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders_3" xlink:title="label: InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders to label_InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xlink:label="MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xlink:title="MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xml:lang="en-US" id="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther">Net income allocated to Operating Partnership and other noncontrolling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xlink:to="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xlink:title="label: MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther to label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xml:lang="en-US" id="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther_2">Minority Interest in Net Income (Loss) Operating Partnerships and Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xlink:to="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther_2" xlink:title="label: MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther to label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xml:lang="en-US" id="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther_3">Amount of net income (loss) for the period allocated to noncontrolling partners of an operating partnership and others included in the entity's consolidated financial statements.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" xlink:to="label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther_3" xlink:title="label: MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther to label_MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_PreferredOperatingPartnershipMember" xlink:label="PreferredOperatingPartnershipMember" xlink:title="PreferredOperatingPartnershipMember" />
    <link:label xlink:type="resource" xlink:label="label_PreferredOperatingPartnershipMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredOperatingPartnershipMember" xml:lang="en-US" id="label_PreferredOperatingPartnershipMember">Preferred Operating Partnership</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredOperatingPartnershipMember" xlink:to="label_PreferredOperatingPartnershipMember" xlink:title="label: PreferredOperatingPartnershipMember to label_PreferredOperatingPartnershipMember" />
    <link:label xlink:type="resource" xlink:label="label_PreferredOperatingPartnershipMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PreferredOperatingPartnershipMember" xml:lang="en-US" id="label_PreferredOperatingPartnershipMember_2">Noncontrolling interest represented by the operating partnership having preferential rights over other operating partnerships.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredOperatingPartnershipMember" xlink:to="label_PreferredOperatingPartnershipMember_2" xlink:title="label: PreferredOperatingPartnershipMember to label_PreferredOperatingPartnershipMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_OrdinaryOperatingPartnershipMember" xlink:label="OrdinaryOperatingPartnershipMember" xlink:title="OrdinaryOperatingPartnershipMember" />
    <link:label xlink:type="resource" xlink:label="label_OrdinaryOperatingPartnershipMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OrdinaryOperatingPartnershipMember" xml:lang="en-US" id="label_OrdinaryOperatingPartnershipMember">Operating Partnership</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinaryOperatingPartnershipMember" xlink:to="label_OrdinaryOperatingPartnershipMember" xlink:title="label: OrdinaryOperatingPartnershipMember to label_OrdinaryOperatingPartnershipMember" />
    <link:label xlink:type="resource" xlink:label="label_OrdinaryOperatingPartnershipMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OrdinaryOperatingPartnershipMember" xml:lang="en-US" id="label_OrdinaryOperatingPartnershipMember_2">Noncontrolling interest represented by the ordinary operating partnership.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinaryOperatingPartnershipMember" xlink:to="label_OrdinaryOperatingPartnershipMember_2" xlink:title="label: OrdinaryOperatingPartnershipMember to label_OrdinaryOperatingPartnershipMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestOtherMember" xlink:label="NoncontrollingInterestOtherMember" xlink:title="NoncontrollingInterestOtherMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestOtherMember" xml:lang="en-US" id="label_NoncontrollingInterestOtherMember">Other noncontrolling interests.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestOtherMember" xlink:to="label_NoncontrollingInterestOtherMember" xlink:title="label: NoncontrollingInterestOtherMember to label_NoncontrollingInterestOtherMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestOtherMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestOtherMember" xml:lang="en-US" id="label_NoncontrollingInterestOtherMember_2">Other noncontrolling interests in properties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestOtherMember" xlink:to="label_NoncontrollingInterestOtherMember_2" xlink:title="label: NoncontrollingInterestOtherMember to label_NoncontrollingInterestOtherMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestOtherMember_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestOtherMember" xml:lang="en-US" id="label_NoncontrollingInterestOtherMember_3">Other Noncontrolling Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestOtherMember" xlink:to="label_NoncontrollingInterestOtherMember_3" xlink:title="label: NoncontrollingInterestOtherMember to label_NoncontrollingInterestOtherMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xlink:label="AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xlink:title="AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xml:lang="en-US" id="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests">Investments from other noncontrolling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xlink:to="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xlink:title="label: AdjustmentsInInvestmentsFromOtherNoncontrollingInterests to label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xml:lang="en-US" id="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests_2">Adjustments in Investments from Other Noncontrolling Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xlink:to="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests_2" xlink:title="label: AdjustmentsInInvestmentsFromOtherNoncontrollingInterests to label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xml:lang="en-US" id="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests_3">Element represents adjustments to investments from other noncontrolling interests.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" xlink:to="label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests_3" xlink:title="label: AdjustmentsInInvestmentsFromOtherNoncontrollingInterests to label_AdjustmentsInInvestmentsFromOtherNoncontrollingInterests" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_DocumentAndEntityInformationAbstract" xlink:label="DocumentAndEntityInformationAbstract" xlink:title="DocumentAndEntityInformationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DocumentAndEntityInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentAndEntityInformationAbstract" xml:lang="en-US" id="label_DocumentAndEntityInformationAbstract">Document and Entity Information</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentAndEntityInformationAbstract" xlink:to="label_DocumentAndEntityInformationAbstract" xlink:title="label: DocumentAndEntityInformationAbstract to label_DocumentAndEntityInformationAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_UnrecoveredDevelopmentAndAcquisitionCosts" xlink:label="UnrecoveredDevelopmentAndAcquisitionCosts" xlink:title="UnrecoveredDevelopmentAndAcquisitionCosts" />
    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAndAcquisitionCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrecoveredDevelopmentAndAcquisitionCosts" xml:lang="en-US" id="label_UnrecoveredDevelopmentAndAcquisitionCosts">Unrecovered Development and Acquisition Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrecoveredDevelopmentAndAcquisitionCosts" xlink:to="label_UnrecoveredDevelopmentAndAcquisitionCosts" xlink:title="label: UnrecoveredDevelopmentAndAcquisitionCosts to label_UnrecoveredDevelopmentAndAcquisitionCosts" />
    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAndAcquisitionCosts_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnrecoveredDevelopmentAndAcquisitionCosts" xml:lang="en-US" id="label_UnrecoveredDevelopmentAndAcquisitionCosts_2">Unrecovered development and acquisition costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrecoveredDevelopmentAndAcquisitionCosts" xlink:to="label_UnrecoveredDevelopmentAndAcquisitionCosts_2" xlink:title="label: UnrecoveredDevelopmentAndAcquisitionCosts to label_UnrecoveredDevelopmentAndAcquisitionCosts" />
    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAndAcquisitionCosts_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnrecoveredDevelopmentAndAcquisitionCosts" xml:lang="en-US" id="label_UnrecoveredDevelopmentAndAcquisitionCosts_3">The costs incurred for unsuccessful development and acquisition activities. It includes asset impairment expenses for such unsuccessful development and acquisition activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrecoveredDevelopmentAndAcquisitionCosts" xlink:to="label_UnrecoveredDevelopmentAndAcquisitionCosts_3" xlink:title="label: UnrecoveredDevelopmentAndAcquisitionCosts to label_UnrecoveredDevelopmentAndAcquisitionCosts" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ProceedsFromNotesPayableAndLinesOfCredit" xlink:label="ProceedsFromNotesPayableAndLinesOfCredit" xlink:title="ProceedsFromNotesPayableAndLinesOfCredit" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromNotesPayableAndLinesOfCredit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromNotesPayableAndLinesOfCredit" xml:lang="en-US" id="label_ProceedsFromNotesPayableAndLinesOfCredit">Proceeds from Notes Payable and Lines of Credit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromNotesPayableAndLinesOfCredit" xlink:to="label_ProceedsFromNotesPayableAndLinesOfCredit" xlink:title="label: ProceedsFromNotesPayableAndLinesOfCredit to label_ProceedsFromNotesPayableAndLinesOfCredit" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromNotesPayableAndLinesOfCredit_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromNotesPayableAndLinesOfCredit" xml:lang="en-US" id="label_ProceedsFromNotesPayableAndLinesOfCredit_2">Proceeds from notes payable and lines of credit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromNotesPayableAndLinesOfCredit" xlink:to="label_ProceedsFromNotesPayableAndLinesOfCredit_2" xlink:title="label: ProceedsFromNotesPayableAndLinesOfCredit to label_ProceedsFromNotesPayableAndLinesOfCredit" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromNotesPayableAndLinesOfCredit_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProceedsFromNotesPayableAndLinesOfCredit" xml:lang="en-US" id="label_ProceedsFromNotesPayableAndLinesOfCredit_3">The cash inflow from a borrowing supported by a written promise and contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromNotesPayableAndLinesOfCredit" xlink:to="label_ProceedsFromNotesPayableAndLinesOfCredit_3" xlink:title="label: ProceedsFromNotesPayableAndLinesOfCredit to label_ProceedsFromNotesPayableAndLinesOfCredit" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_PaymentsOfNotesPayableAndLinesOfCredit" xlink:label="PaymentsOfNotesPayableAndLinesOfCredit" xlink:title="PaymentsOfNotesPayableAndLinesOfCredit" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfNotesPayableAndLinesOfCredit" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PaymentsOfNotesPayableAndLinesOfCredit" xml:lang="en-US" id="label_PaymentsOfNotesPayableAndLinesOfCredit">Principal payments on notes payable and lines of credit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfNotesPayableAndLinesOfCredit" xlink:to="label_PaymentsOfNotesPayableAndLinesOfCredit" xlink:title="label: PaymentsOfNotesPayableAndLinesOfCredit to label_PaymentsOfNotesPayableAndLinesOfCredit" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfNotesPayableAndLinesOfCredit_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfNotesPayableAndLinesOfCredit" xml:lang="en-US" id="label_PaymentsOfNotesPayableAndLinesOfCredit_2">Payments of Notes Payable and Lines of Credit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfNotesPayableAndLinesOfCredit" xlink:to="label_PaymentsOfNotesPayableAndLinesOfCredit_2" xlink:title="label: PaymentsOfNotesPayableAndLinesOfCredit to label_PaymentsOfNotesPayableAndLinesOfCredit" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfNotesPayableAndLinesOfCredit_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentsOfNotesPayableAndLinesOfCredit" xml:lang="en-US" id="label_PaymentsOfNotesPayableAndLinesOfCredit_3">The cash outflow for a borrowing supported by a written promise and contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfNotesPayableAndLinesOfCredit" xlink:to="label_PaymentsOfNotesPayableAndLinesOfCredit_3" xlink:title="label: PaymentsOfNotesPayableAndLinesOfCredit to label_PaymentsOfNotesPayableAndLinesOfCredit" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NetOperatingRealEstateAssets" xlink:label="NetOperatingRealEstateAssets" xlink:title="NetOperatingRealEstateAssets" />
    <link:label xlink:type="resource" xlink:label="label_NetOperatingRealEstateAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetOperatingRealEstateAssets" xml:lang="en-US" id="label_NetOperatingRealEstateAssets">Net operating real estate assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetOperatingRealEstateAssets" xlink:to="label_NetOperatingRealEstateAssets" xlink:title="label: NetOperatingRealEstateAssets to label_NetOperatingRealEstateAssets" />
    <link:label xlink:type="resource" xlink:label="label_NetOperatingRealEstateAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetOperatingRealEstateAssets" xml:lang="en-US" id="label_NetOperatingRealEstateAssets_2">Net Operating Real Estate Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetOperatingRealEstateAssets" xlink:to="label_NetOperatingRealEstateAssets_2" xlink:title="label: NetOperatingRealEstateAssets to label_NetOperatingRealEstateAssets" />
    <link:label xlink:type="resource" xlink:label="label_NetOperatingRealEstateAssets_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetOperatingRealEstateAssets" xml:lang="en-US" id="label_NetOperatingRealEstateAssets_3">The carrying amount of real estate assets including land, buildings, improvements, intangible assets and intangible lease rights, net of accumulated depreciation and amortization.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetOperatingRealEstateAssets" xlink:to="label_NetOperatingRealEstateAssets_3" xlink:title="label: NetOperatingRealEstateAssets to label_NetOperatingRealEstateAssets" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ReturnOfInvestmentRealEstateVentures" xlink:label="ReturnOfInvestmentRealEstateVentures" xlink:title="ReturnOfInvestmentRealEstateVentures" />
    <link:label xlink:type="resource" xlink:label="label_ReturnOfInvestmentRealEstateVentures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReturnOfInvestmentRealEstateVentures" xml:lang="en-US" id="label_ReturnOfInvestmentRealEstateVentures">Return of investment in real estate ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReturnOfInvestmentRealEstateVentures" xlink:to="label_ReturnOfInvestmentRealEstateVentures" xlink:title="label: ReturnOfInvestmentRealEstateVentures to label_ReturnOfInvestmentRealEstateVentures" />
    <link:label xlink:type="resource" xlink:label="label_ReturnOfInvestmentRealEstateVentures_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReturnOfInvestmentRealEstateVentures" xml:lang="en-US" id="label_ReturnOfInvestmentRealEstateVentures_2">Return of Investment, Real Estate Ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReturnOfInvestmentRealEstateVentures" xlink:to="label_ReturnOfInvestmentRealEstateVentures_2" xlink:title="label: ReturnOfInvestmentRealEstateVentures to label_ReturnOfInvestmentRealEstateVentures" />
    <link:label xlink:type="resource" xlink:label="label_ReturnOfInvestmentRealEstateVentures_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReturnOfInvestmentRealEstateVentures" xml:lang="en-US" id="label_ReturnOfInvestmentRealEstateVentures_3">Distributions that represent a return of original investment from real estate ventures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReturnOfInvestmentRealEstateVentures" xlink:to="label_ReturnOfInvestmentRealEstateVentures_3" xlink:title="label: ReturnOfInvestmentRealEstateVentures to label_ReturnOfInvestmentRealEstateVentures" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_BasisOfPresentationDisclosureAbstract" xlink:label="BasisOfPresentationDisclosureAbstract" xlink:title="BasisOfPresentationDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_BasisOfPresentationDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasisOfPresentationDisclosureAbstract" xml:lang="en-US" id="label_BasisOfPresentationDisclosureAbstract">BASIS OF PRESENTATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasisOfPresentationDisclosureAbstract" xlink:to="label_BasisOfPresentationDisclosureAbstract" xlink:title="label: BasisOfPresentationDisclosureAbstract to label_BasisOfPresentationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NotesPayableToTrustsDisclosureAbstract" xlink:label="NotesPayableToTrustsDisclosureAbstract" xlink:title="NotesPayableToTrustsDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NotesPayableToTrustsDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableToTrustsDisclosureAbstract" xml:lang="en-US" id="label_NotesPayableToTrustsDisclosureAbstract">NOTES PAYABLE TO TRUSTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableToTrustsDisclosureAbstract" xlink:to="label_NotesPayableToTrustsDisclosureAbstract" xlink:title="label: NotesPayableToTrustsDisclosureAbstract to label_NotesPayableToTrustsDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ExchangeableSeniorNotesDisclosureAbstract" xlink:label="ExchangeableSeniorNotesDisclosureAbstract" xlink:title="ExchangeableSeniorNotesDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ExchangeableSeniorNotesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExchangeableSeniorNotesDisclosureAbstract" xml:lang="en-US" id="label_ExchangeableSeniorNotesDisclosureAbstract">EXCHANGEABLE SENIOR NOTES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExchangeableSeniorNotesDisclosureAbstract" xlink:to="label_ExchangeableSeniorNotesDisclosureAbstract" xlink:title="label: ExchangeableSeniorNotesDisclosureAbstract to label_ExchangeableSeniorNotesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract" xlink:label="NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract" xlink:title="NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract" xml:lang="en-US" id="label_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract">NONCONTROLLING INTEREST REPRESENTED BY PREFERRED OPERATING PARTNERSHIP UNITS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract" xlink:to="label_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract" xlink:title="label: NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract to label_NoncontrollingInterestRepresentedByPreferredOperatingPartnershipUnitsDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestInOperatingPartnershipDisclosureAbstract" xlink:label="NoncontrollingInterestInOperatingPartnershipDisclosureAbstract" xlink:title="NoncontrollingInterestInOperatingPartnershipDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInOperatingPartnershipDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestInOperatingPartnershipDisclosureAbstract" xml:lang="en-US" id="label_NoncontrollingInterestInOperatingPartnershipDisclosureAbstract">NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInOperatingPartnershipDisclosureAbstract" xlink:to="label_NoncontrollingInterestInOperatingPartnershipDisclosureAbstract" xlink:title="label: NoncontrollingInterestInOperatingPartnershipDisclosureAbstract to label_NoncontrollingInterestInOperatingPartnershipDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract" xlink:label="UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract" xlink:title="UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract" xml:lang="en-US" id="label_UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract">UNRECOVERED DEVELOPMENT AND ACQUISITION COSTS AND SEVERANCE COSTS ASSOCIATED WITH THE WIND-DOWN OF DEVELOPMENT PROGRAM</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract" xlink:to="label_UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract" xlink:title="label: UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract to label_UnrecoveredDevelopmentAndAcquisitionCostsAndSeveranceCostsAssociatedWithTheWindDownOfDevelopmentProgramDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xlink:label="AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xlink:title="AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xml:lang="en-US" id="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram">Adjustments to Additional Paid in Capital, Tax Effect from Wind Down of Development Program</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram to label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xml:lang="en-US" id="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram_2">Tax effect from wind down of development program</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram_2" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram to label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xml:lang="en-US" id="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram_3">Tax benefit associated with the wind down of the development program. The tax benefit results from the deduction by the entity on its tax return for impairments relating to changes in fair value. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram_3" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram to label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromWindDownOfDevelopmentProgram" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xlink:label="DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xlink:title="DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xml:lang="en-US" id="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract">Deconsolidation of joint ventures due to application of Accounting Standards Codification 810:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xlink:to="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xlink:title="label: DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract to label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xml:lang="en-US" id="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract_2">This item represents the Deconsolidation of joint ventures due to application of Accounting Standards Codification 810.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xlink:to="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract_2" xlink:title="label: DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract to label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xml:lang="en-US" id="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract_3">Deconsolidation of Joint Ventures Due to Application of Accounting Standards Codification 810</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" xlink:to="label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract_3" xlink:title="label: DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract to label_DeconsolidationOfJointVenturesDueToApplicationOfAccountingStandardsCodificationAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstateAssets" xlink:label="RealEstateAssets" xlink:title="RealEstateAssets" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateAssets" xml:lang="en-US" id="label_RealEstateAssets">Real Estate Assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateAssets" xlink:to="label_RealEstateAssets" xlink:title="label: RealEstateAssets to label_RealEstateAssets" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstateAssets" xml:lang="en-US" id="label_RealEstateAssets_2">Real estate assets noncash investing and financing activities due to application of Accounting Standards Codification 810.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateAssets" xlink:to="label_RealEstateAssets_2" xlink:title="label: RealEstateAssets to label_RealEstateAssets" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstateAssets" xml:lang="en-US" id="label_RealEstateAssets_3">Real estate assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateAssets" xlink:to="label_RealEstateAssets_3" xlink:title="label: RealEstateAssets to label_RealEstateAssets" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_InvestmentInRealEstateVentures" xlink:label="InvestmentInRealEstateVentures" xlink:title="InvestmentInRealEstateVentures" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentInRealEstateVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentInRealEstateVentures" xml:lang="en-US" id="label_InvestmentInRealEstateVentures">Investment In Real Estate Ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentInRealEstateVentures" xlink:to="label_InvestmentInRealEstateVentures" xlink:title="label: InvestmentInRealEstateVentures to label_InvestmentInRealEstateVentures" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentInRealEstateVentures_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentInRealEstateVentures" xml:lang="en-US" id="label_InvestmentInRealEstateVentures_2">Investment in Real Estate Ventures noncash investing and financing activities due to application of Accounting Standards Codification 810.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentInRealEstateVentures" xlink:to="label_InvestmentInRealEstateVentures_2" xlink:title="label: InvestmentInRealEstateVentures to label_InvestmentInRealEstateVentures" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentInRealEstateVentures_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentInRealEstateVentures" xml:lang="en-US" id="label_InvestmentInRealEstateVentures_3">Investments in real estate ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentInRealEstateVentures" xlink:to="label_InvestmentInRealEstateVentures_3" xlink:title="label: InvestmentInRealEstateVentures to label_InvestmentInRealEstateVentures" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_OtherAssetsAndOtherLiabilites" xlink:label="OtherAssetsAndOtherLiabilites" xlink:title="OtherAssetsAndOtherLiabilites" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsAndOtherLiabilites" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsAndOtherLiabilites" xml:lang="en-US" id="label_OtherAssetsAndOtherLiabilites">Other Assets and Other Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsAndOtherLiabilites" xlink:to="label_OtherAssetsAndOtherLiabilites" xlink:title="label: OtherAssetsAndOtherLiabilites to label_OtherAssetsAndOtherLiabilites" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsAndOtherLiabilites_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherAssetsAndOtherLiabilites" xml:lang="en-US" id="label_OtherAssetsAndOtherLiabilites_2">Other Assets and Other Liabilities noncash investing and financing activities due to application of Accounting Standards Codification 810.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsAndOtherLiabilites" xlink:to="label_OtherAssetsAndOtherLiabilites_2" xlink:title="label: OtherAssetsAndOtherLiabilites to label_OtherAssetsAndOtherLiabilites" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsAndOtherLiabilites_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAssetsAndOtherLiabilites" xml:lang="en-US" id="label_OtherAssetsAndOtherLiabilites_3">Other assets and other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsAndOtherLiabilites" xlink:to="label_OtherAssetsAndOtherLiabilites_3" xlink:title="label: OtherAssetsAndOtherLiabilites to label_OtherAssetsAndOtherLiabilites" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NotesPayableNonCash" xlink:label="NotesPayableNonCash" xlink:title="NotesPayableNonCash" />
    <link:label xlink:type="resource" xlink:label="label_NotesPayableNonCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableNonCash" xml:lang="en-US" id="label_NotesPayableNonCash">Notes Payable Non Cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableNonCash" xlink:to="label_NotesPayableNonCash" xlink:title="label: NotesPayableNonCash to label_NotesPayableNonCash" />
    <link:label xlink:type="resource" xlink:label="label_NotesPayableNonCash_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotesPayableNonCash" xml:lang="en-US" id="label_NotesPayableNonCash_2">Notes Payable noncash investing and financing activities due to application of Accounting Standards Codification 810.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableNonCash" xlink:to="label_NotesPayableNonCash_2" xlink:title="label: NotesPayableNonCash to label_NotesPayableNonCash" />
    <link:label xlink:type="resource" xlink:label="label_NotesPayableNonCash_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesPayableNonCash" xml:lang="en-US" id="label_NotesPayableNonCash_3">Notes payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableNonCash" xlink:to="label_NotesPayableNonCash_3" xlink:title="label: NotesPayableNonCash to label_NotesPayableNonCash" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_OtherNoncontrollingInterests" xlink:label="OtherNoncontrollingInterests" xlink:title="OtherNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncontrollingInterests" xml:lang="en-US" id="label_OtherNoncontrollingInterests">Other Noncontrolling Interests,</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncontrollingInterests" xlink:to="label_OtherNoncontrollingInterests" xlink:title="label: OtherNoncontrollingInterests to label_OtherNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncontrollingInterests_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherNoncontrollingInterests" xml:lang="en-US" id="label_OtherNoncontrollingInterests_2">Other Noncontrolling interests noncash investing and financing activities due to application of Accounting Standards Codification 810.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncontrollingInterests" xlink:to="label_OtherNoncontrollingInterests_2" xlink:title="label: OtherNoncontrollingInterests to label_OtherNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncontrollingInterests_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncontrollingInterests" xml:lang="en-US" id="label_OtherNoncontrollingInterests_3">Other noncontrolling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncontrollingInterests" xlink:to="label_OtherNoncontrollingInterests_3" xlink:title="label: OtherNoncontrollingInterests to label_OtherNoncontrollingInterests" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromPaymentsToMinorityShareholders" xlink:label="ProceedsFromPaymentsToMinorityShareholders" xlink:title="ProceedsFromPaymentsToMinorityShareholders" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromPaymentsToMinorityShareholders" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromPaymentsToMinorityShareholders" xml:lang="en-US" id="label_ProceedsFromPaymentsToMinorityShareholders">Investments from other noncontrolling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromPaymentsToMinorityShareholders" xlink:to="label_ProceedsFromPaymentsToMinorityShareholders" xlink:title="label: ProceedsFromPaymentsToMinorityShareholders to label_ProceedsFromPaymentsToMinorityShareholders" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfInterestInPartnershipUnit" xlink:label="ProceedsFromSaleOfInterestInPartnershipUnit" xlink:title="ProceedsFromSaleOfInterestInPartnershipUnit" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOfInterestInPartnershipUnit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfInterestInPartnershipUnit" xml:lang="en-US" id="label_ProceedsFromSaleOfInterestInPartnershipUnit">Proceeds From Sale Of Interest In Partnership Unit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfInterestInPartnershipUnit" xlink:to="label_ProceedsFromSaleOfInterestInPartnershipUnit" xlink:title="label: ProceedsFromSaleOfInterestInPartnershipUnit to label_ProceedsFromSaleOfInterestInPartnershipUnit" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xlink:label="NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xlink:title="NoncontrollingInterestsIncreaseFromPurchaseOfInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xml:lang="en-US" id="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests">Minority Interest Increase from Purchase of Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xlink:to="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xlink:title="label: NoncontrollingInterestsIncreaseFromPurchaseOfInterests to label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xml:lang="en-US" id="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests_2">Purchase of noncontrolling interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xlink:to="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests_2" xlink:title="label: NoncontrollingInterestsIncreaseFromPurchaseOfInterests to label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xml:lang="en-US" id="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests_3">This element represents the increase in noncontrolling interest due to the purchase of noncontrolling interests whose accounts were in a negative position due to allocation of losses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsIncreaseFromPurchaseOfInterests" xlink:to="label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests_3" xlink:title="label: NoncontrollingInterestsIncreaseFromPurchaseOfInterests to label_NoncontrollingInterestsIncreaseFromPurchaseOfInterests" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:title="ProceedsFromSaleOfRealEstateHeldforinvestment" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOfRealEstateHeldforinvestment" xml:lang="en-US" id="label_ProceedsFromSaleOfRealEstateHeldforinvestment">Proceeds from Sale of Real Estate Held-for-investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:to="label_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:title="label: ProceedsFromSaleOfRealEstateHeldforinvestment to label_ProceedsFromSaleOfRealEstateHeldforinvestment" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOfRealEstateHeldforinvestment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSaleOfRealEstateHeldforinvestment" xml:lang="en-US" id="label_ProceedsFromSaleOfRealEstateHeldforinvestment_2">Proceeds from sale of real estate assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:to="label_ProceedsFromSaleOfRealEstateHeldforinvestment_2" xlink:title="label: ProceedsFromSaleOfRealEstateHeldforinvestment to label_ProceedsFromSaleOfRealEstateHeldforinvestment" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:title="StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities">Stock Issued During Period, Value, Conversion of Convertible Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:to="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:title="label: StockIssuedDuringPeriodValueConversionOfConvertibleSecurities to label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_2">Conversion of Contingent Conversion shares to common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:to="label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_2" xlink:title="label: StockIssuedDuringPeriodValueConversionOfConvertibleSecurities to label_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="StockIssuedDuringPeriodValueNewIssues" xlink:title="StockIssuedDuringPeriodValueNewIssues" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueNewIssues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodValueNewIssues" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueNewIssues">Stock Issued During Period, Value, New Issues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueNewIssues" xlink:to="label_StockIssuedDuringPeriodValueNewIssues" xlink:title="label: StockIssuedDuringPeriodValueNewIssues to label_StockIssuedDuringPeriodValueNewIssues" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodValueNewIssues_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodValueNewIssues" xml:lang="en-US" id="label_StockIssuedDuringPeriodValueNewIssues_2">Issuance of common stock, net of offering costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodValueNewIssues" xlink:to="label_StockIssuedDuringPeriodValueNewIssues_2" xlink:title="label: StockIssuedDuringPeriodValueNewIssues to label_StockIssuedDuringPeriodValueNewIssues" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="StockIssuedDuringPeriodSharesNewIssues" xlink:title="StockIssuedDuringPeriodSharesNewIssues" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodSharesNewIssues_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesNewIssues" xml:lang="en-US" id="label_StockIssuedDuringPeriodSharesNewIssues_2">Stock Issued During Period, Shares, New Issues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesNewIssues" xlink:to="label_StockIssuedDuringPeriodSharesNewIssues_2" xlink:title="label: StockIssuedDuringPeriodSharesNewIssues to label_StockIssuedDuringPeriodSharesNewIssues" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodSharesNewIssues_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodSharesNewIssues" xml:lang="en-US" id="label_StockIssuedDuringPeriodSharesNewIssues_3">Issuance of common stock, net of offering costs (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesNewIssues" xlink:to="label_StockIssuedDuringPeriodSharesNewIssues_3" xlink:title="label: StockIssuedDuringPeriodSharesNewIssues to label_StockIssuedDuringPeriodSharesNewIssues" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodSharesNewIssues" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_StockIssuedDuringPeriodSharesNewIssues" xml:lang="en-US" id="label_StockIssuedDuringPeriodSharesNewIssues">Issuance of common stock (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesNewIssues" xlink:to="label_StockIssuedDuringPeriodSharesNewIssues" xlink:title="label: StockIssuedDuringPeriodSharesNewIssues to label_StockIssuedDuringPeriodSharesNewIssues" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RelatedPartyReceivables" xlink:label="RelatedPartyReceivables" xlink:title="RelatedPartyReceivables" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyReceivables" xml:lang="en-US" id="label_RelatedPartyReceivables">Related Party Receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyReceivables" xlink:to="label_RelatedPartyReceivables" xlink:title="label: RelatedPartyReceivables to label_RelatedPartyReceivables" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyReceivables_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RelatedPartyReceivables" xml:lang="en-US" id="label_RelatedPartyReceivables_2">Related party receivables noncash investing and financing activities due to application of Accounting Standards Codification 810.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyReceivables" xlink:to="label_RelatedPartyReceivables_2" xlink:title="label: RelatedPartyReceivables to label_RelatedPartyReceivables" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyReceivables_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RelatedPartyReceivables" xml:lang="en-US" id="label_RelatedPartyReceivables_3">Receivables from related parties and affiliated real estate joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyReceivables" xlink:to="label_RelatedPartyReceivables_3" xlink:title="label: RelatedPartyReceivables to label_RelatedPartyReceivables" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" xlink:label="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" xlink:title="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" xml:lang="en-US" id="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract">Acquisitions of real estate assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" xlink:to="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" xlink:title="label: NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract to label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" xml:lang="en-US" id="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract_2">Noncash or Part Noncash Acquisition, Net Real Estate Assets Acquired [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" xlink:to="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract_2" xlink:title="label: NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract to label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquiredAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xlink:label="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xlink:title="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xml:lang="en-US" id="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired">Noncash or Part Noncash Acquisition Net Real Estate Assets Acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xlink:to="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xlink:title="label: NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired to label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xml:lang="en-US" id="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired_2">Real estate assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xlink:to="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired_2" xlink:title="label: NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired to label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xml:lang="en-US" id="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired_3">Represents the amount of real estate assets that an Entity acquires in a noncash (or part noncash) acquisition. Real estate assets refer to the lands, buildings and intangible assets (including those that are part of operations and those under development) of a real estate entity, net of accumulated depreciation and amortization. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" xlink:to="label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired_3" xlink:title="label: NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired to label_NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xlink:label="UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xlink:title="UnrecoveredDevelopmentAndAcquisitionCostsNoncash" />
    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xml:lang="en-US" id="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash">Unrecovered Development And Acquisition Costs Noncash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xlink:to="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xlink:title="label: UnrecoveredDevelopmentAndAcquisitionCostsNoncash to label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" />
    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xml:lang="en-US" id="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash_2">Unrecovered development and acquisition costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xlink:to="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash_2" xlink:title="label: UnrecoveredDevelopmentAndAcquisitionCostsNoncash to label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" />
    <link:label xlink:type="resource" xlink:label="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xml:lang="en-US" id="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash_3">The costs incurred for unsuccessful development and acquisition activities. It includes Non-cash asset impairment expenses for such unsuccessful development and acquisition activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrecoveredDevelopmentAndAcquisitionCostsNoncash" xlink:to="label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash_3" xlink:title="label: UnrecoveredDevelopmentAndAcquisitionCostsNoncash to label_UnrecoveredDevelopmentAndAcquisitionCostsNoncash" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_LossOnSublease" xlink:label="LossOnSublease" xlink:title="LossOnSublease" />
    <link:label xlink:type="resource" xlink:label="label_LossOnSublease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LossOnSublease" xml:lang="en-US" id="label_LossOnSublease">Loss on sublease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossOnSublease" xlink:to="label_LossOnSublease" xlink:title="label: LossOnSublease to label_LossOnSublease" />
    <link:label xlink:type="resource" xlink:label="label_LossOnSublease_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LossOnSublease" xml:lang="en-US" id="label_LossOnSublease_2">Loss on Sublease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossOnSublease" xlink:to="label_LossOnSublease_2" xlink:title="label: LossOnSublease to label_LossOnSublease" />
    <link:label xlink:type="resource" xlink:label="label_LossOnSublease_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LossOnSublease" xml:lang="en-US" id="label_LossOnSublease_3">Loss incurred as a result of subletting office space under a long-term office lease assumed in an acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossOnSublease" xlink:to="label_LossOnSublease_3" xlink:title="label: LossOnSublease to label_LossOnSublease" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:label="StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:title="StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xml:lang="en-US" id="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities">Stock Issued During Period, Shares, Conversion of Convertible Securities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:to="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:title="label: StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities to label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xml:lang="en-US" id="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_2">Conversion of Contingent Conversion shares to common stock (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:to="label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_2" xlink:title="label: StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities to label_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AvailableForSaleSecuritiesTextBlock" xlink:label="AvailableForSaleSecuritiesTextBlock" xlink:title="AvailableForSaleSecuritiesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_AvailableForSaleSecuritiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesTextBlock" xml:lang="en-US" id="label_AvailableForSaleSecuritiesTextBlock">Available-for-sale Securities [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesTextBlock" xlink:to="label_AvailableForSaleSecuritiesTextBlock" xlink:title="label: AvailableForSaleSecuritiesTextBlock to label_AvailableForSaleSecuritiesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_AvailableForSaleSecuritiesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AvailableForSaleSecuritiesTextBlock" xml:lang="en-US" id="label_AvailableForSaleSecuritiesTextBlock_2">Available-for-sale Securities [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesTextBlock" xlink:to="label_AvailableForSaleSecuritiesTextBlock_2" xlink:title="label: AvailableForSaleSecuritiesTextBlock to label_AvailableForSaleSecuritiesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_AvailableForSaleSecuritiesTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AvailableForSaleSecuritiesTextBlock" xml:lang="en-US" id="label_AvailableForSaleSecuritiesTextBlock_3">INVESTMENTS AVAILABLE FOR SALE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AvailableForSaleSecuritiesTextBlock" xlink:to="label_AvailableForSaleSecuritiesTextBlock_3" xlink:title="label: AvailableForSaleSecuritiesTextBlock to label_AvailableForSaleSecuritiesTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_QuarterlyFinancialInformationTextBlock" xlink:label="QuarterlyFinancialInformationTextBlock" xlink:title="QuarterlyFinancialInformationTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_QuarterlyFinancialInformationTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_QuarterlyFinancialInformationTextBlock" xml:lang="en-US" id="label_QuarterlyFinancialInformationTextBlock">Quarterly Financial Information [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="QuarterlyFinancialInformationTextBlock" xlink:to="label_QuarterlyFinancialInformationTextBlock" xlink:title="label: QuarterlyFinancialInformationTextBlock to label_QuarterlyFinancialInformationTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_QuarterlyFinancialInformationTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_QuarterlyFinancialInformationTextBlock" xml:lang="en-US" id="label_QuarterlyFinancialInformationTextBlock_2">Quarterly Financial Information [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="QuarterlyFinancialInformationTextBlock" xlink:to="label_QuarterlyFinancialInformationTextBlock_2" xlink:title="label: QuarterlyFinancialInformationTextBlock to label_QuarterlyFinancialInformationTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_QuarterlyFinancialInformationTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_QuarterlyFinancialInformationTextBlock" xml:lang="en-US" id="label_QuarterlyFinancialInformationTextBlock_3">SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="QuarterlyFinancialInformationTextBlock" xlink:to="label_QuarterlyFinancialInformationTextBlock_3" xlink:title="label: QuarterlyFinancialInformationTextBlock to label_QuarterlyFinancialInformationTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="SignificantAccountingPoliciesTextBlock" xlink:title="SignificantAccountingPoliciesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SignificantAccountingPoliciesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantAccountingPoliciesTextBlock" xml:lang="en-US" id="label_SignificantAccountingPoliciesTextBlock">Significant Accounting Policies [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantAccountingPoliciesTextBlock" xlink:to="label_SignificantAccountingPoliciesTextBlock" xlink:title="label: SignificantAccountingPoliciesTextBlock to label_SignificantAccountingPoliciesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SignificantAccountingPoliciesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantAccountingPoliciesTextBlock" xml:lang="en-US" id="label_SignificantAccountingPoliciesTextBlock_2">Significant Accounting Policies [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantAccountingPoliciesTextBlock" xlink:to="label_SignificantAccountingPoliciesTextBlock_2" xlink:title="label: SignificantAccountingPoliciesTextBlock to label_SignificantAccountingPoliciesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SignificantAccountingPoliciesTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SignificantAccountingPoliciesTextBlock" xml:lang="en-US" id="label_SignificantAccountingPoliciesTextBlock_3">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantAccountingPoliciesTextBlock" xlink:to="label_SignificantAccountingPoliciesTextBlock_3" xlink:title="label: SignificantAccountingPoliciesTextBlock to label_SignificantAccountingPoliciesTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:title="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xml:lang="en-US" id="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock">Pension and Other Postretirement Benefits Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:to="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:title="label: PensionAndOtherPostretirementBenefitsDisclosureTextBlock to label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xml:lang="en-US" id="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_2">Pension and Other Postretirement Benefits Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:to="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_2" xlink:title="label: PensionAndOtherPostretirementBenefitsDisclosureTextBlock to label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xml:lang="en-US" id="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_3">EMPLOYEE BENEFIT PLAN</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:to="label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_3" xlink:title="label: PensionAndOtherPostretirementBenefitsDisclosureTextBlock to label_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="StockholdersEquityNoteDisclosureTextBlock" xlink:title="StockholdersEquityNoteDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityNoteDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockholdersEquityNoteDisclosureTextBlock" xml:lang="en-US" id="label_StockholdersEquityNoteDisclosureTextBlock_2">STOCK OFFERING</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityNoteDisclosureTextBlock" xlink:to="label_StockholdersEquityNoteDisclosureTextBlock_2" xlink:title="label: StockholdersEquityNoteDisclosureTextBlock to label_StockholdersEquityNoteDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityNoteDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityNoteDisclosureTextBlock" xml:lang="en-US" id="label_StockholdersEquityNoteDisclosureTextBlock">Stockholders' Equity Note Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityNoteDisclosureTextBlock" xlink:to="label_StockholdersEquityNoteDisclosureTextBlock" xlink:title="label: StockholdersEquityNoteDisclosureTextBlock to label_StockholdersEquityNoteDisclosureTextBlock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestConsolidatedAsBusinessAcquisition" xlink:label="NoncontrollingInterestConsolidatedAsBusinessAcquisition" xlink:title="NoncontrollingInterestConsolidatedAsBusinessAcquisition" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition" xml:lang="en-US" id="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition">Noncontrolling interest consolidated as business acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestConsolidatedAsBusinessAcquisition" xlink:to="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition" xlink:title="label: NoncontrollingInterestConsolidatedAsBusinessAcquisition to label_NoncontrollingInterestConsolidatedAsBusinessAcquisition" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition" xml:lang="en-US" id="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition_2">Noncontrolling interest consolidated as business acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestConsolidatedAsBusinessAcquisition" xlink:to="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition_2" xlink:title="label: NoncontrollingInterestConsolidatedAsBusinessAcquisition to label_NoncontrollingInterestConsolidatedAsBusinessAcquisition" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition" xml:lang="en-US" id="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition_3">This element represents the increase in noncontrolling interest due to the consolidation of business acquisitions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestConsolidatedAsBusinessAcquisition" xlink:to="label_NoncontrollingInterestConsolidatedAsBusinessAcquisition_3" xlink:title="label: NoncontrollingInterestConsolidatedAsBusinessAcquisition to label_NoncontrollingInterestConsolidatedAsBusinessAcquisition" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" xlink:label="AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" xlink:title="AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" xml:lang="en-US" id="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary">Adjustments to Additional Paid In Capital Tax Effect from Contribution of Property to Subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" xlink:to="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" xlink:title="label: AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary to label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" xml:lang="en-US" id="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary_2">Tax effect from contribution of property to Taxable REIT Subsidiary</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary" xml:lang="en-US" id="label_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromContributionOfPropertyToSubsidiary_3">This line item represents the tax effect adjustment to additional paid-in-capital from the contribution of property to subsidiary.</link:label>
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_PartnerCapitalAccountUnitsIssued" xlink:label="PartnerCapitalAccountUnitsIssued" xlink:title="PartnerCapitalAccountUnitsIssued" />
    <link:label xlink:type="resource" xlink:label="label_PartnerCapitalAccountUnitsIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PartnerCapitalAccountUnitsIssued" xml:lang="en-US" id="label_PartnerCapitalAccountUnitsIssued">New Operating Partnership units issued</link:label>
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    <link:label xlink:type="resource" xlink:label="label_PartnerCapitalAccountUnitsIssued_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PartnerCapitalAccountUnitsIssued" xml:lang="en-US" id="label_PartnerCapitalAccountUnitsIssued_2">Monetary value of the issuance of new units of limited partnership interest as part of a property acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnerCapitalAccountUnitsIssued" xlink:to="label_PartnerCapitalAccountUnitsIssued_2" xlink:title="label: PartnerCapitalAccountUnitsIssued to label_PartnerCapitalAccountUnitsIssued" />
    <link:label xlink:type="resource" xlink:label="label_PartnerCapitalAccountUnitsIssued_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PartnerCapitalAccountUnitsIssued" xml:lang="en-US" id="label_PartnerCapitalAccountUnitsIssued_3">Partner Capital Account Units Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PartnerCapitalAccountUnitsIssued" xlink:to="label_PartnerCapitalAccountUnitsIssued_3" xlink:title="label: PartnerCapitalAccountUnitsIssued to label_PartnerCapitalAccountUnitsIssued" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_OperatingPartnershipUnitsIssued" xlink:label="OperatingPartnershipUnitsIssued" xlink:title="OperatingPartnershipUnitsIssued" />
    <link:label xlink:type="resource" xlink:label="label_OperatingPartnershipUnitsIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingPartnershipUnitsIssued" xml:lang="en-US" id="label_OperatingPartnershipUnitsIssued">Operating Partnership Units Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingPartnershipUnitsIssued" xlink:to="label_OperatingPartnershipUnitsIssued" xlink:title="label: OperatingPartnershipUnitsIssued to label_OperatingPartnershipUnitsIssued" />
    <link:label xlink:type="resource" xlink:label="label_OperatingPartnershipUnitsIssued_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingPartnershipUnitsIssued" xml:lang="en-US" id="label_OperatingPartnershipUnitsIssued_2">Operating Partnership units issued as consideration</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingPartnershipUnitsIssued" xlink:to="label_OperatingPartnershipUnitsIssued_2" xlink:title="label: OperatingPartnershipUnitsIssued to label_OperatingPartnershipUnitsIssued" />
    <link:label xlink:type="resource" xlink:label="label_OperatingPartnershipUnitsIssued_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperatingPartnershipUnitsIssued" xml:lang="en-US" id="label_OperatingPartnershipUnitsIssued_3">The value of the issuance of new units of limited partnership interest in noncash financing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingPartnershipUnitsIssued" xlink:to="label_OperatingPartnershipUnitsIssued_3" xlink:title="label: OperatingPartnershipUnitsIssued to label_OperatingPartnershipUnitsIssued" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:label="OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:title="OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xml:lang="en-US" id="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax">Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:to="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:title="label: OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax to label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xml:lang="en-US" id="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax_2">Loss on sale of investments available for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" xlink:to="label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax_2" xlink:title="label: OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax to label_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_VariableInterestsDisclosureAbstract" xlink:label="VariableInterestsDisclosureAbstract" xlink:title="VariableInterestsDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestsDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestsDisclosureAbstract" xml:lang="en-US" id="label_VariableInterestsDisclosureAbstract">VARIABLE INTERESTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestsDisclosureAbstract" xlink:to="label_VariableInterestsDisclosureAbstract" xlink:title="label: VariableInterestsDisclosureAbstract to label_VariableInterestsDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterestTable" xlink:label="MinorityInterestTable" xlink:title="MinorityInterestTable" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestTable" xml:lang="en-US" id="label_MinorityInterestTable">Noncontrolling Interest [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestTable" xlink:to="label_MinorityInterestTable" xlink:title="label: MinorityInterestTable to label_MinorityInterestTable" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestTable" xml:lang="en-US" id="label_MinorityInterestTable_2">Noncontrolling Interest [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestTable" xlink:to="label_MinorityInterestTable_2" xlink:title="label: MinorityInterestTable to label_MinorityInterestTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterestLineItems" xlink:label="MinorityInterestLineItems" xlink:title="MinorityInterestLineItems" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestLineItems" xml:lang="en-US" id="label_MinorityInterestLineItems">Noncontrolling Interest [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestLineItems" xlink:to="label_MinorityInterestLineItems" xlink:title="label: MinorityInterestLineItems to label_MinorityInterestLineItems" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestLineItems" xml:lang="en-US" id="label_MinorityInterestLineItems_2">Noncontrolling Interest [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestLineItems" xlink:to="label_MinorityInterestLineItems_2" xlink:title="label: MinorityInterestLineItems to label_MinorityInterestLineItems" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestLineItems_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestLineItems" xml:lang="en-US" id="label_MinorityInterestLineItems_3">Other Noncontrolling Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestLineItems" xlink:to="label_MinorityInterestLineItems_3" xlink:title="label: MinorityInterestLineItems to label_MinorityInterestLineItems" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestLineItems_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MinorityInterestLineItems" xml:lang="en-US" id="label_MinorityInterestLineItems_4">Noncontrolling interest represented by preferred operating partnership units</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestLineItems" xlink:to="label_MinorityInterestLineItems_4" xlink:title="label: MinorityInterestLineItems to label_MinorityInterestLineItems" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestLineItems_5" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_MinorityInterestLineItems" xml:lang="en-US" id="label_MinorityInterestLineItems_5">Noncontrolling interest in operating partnership</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestLineItems" xlink:to="label_MinorityInterestLineItems_5" xlink:title="label: MinorityInterestLineItems to label_MinorityInterestLineItems" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NumberOfRealEstatePropertiesUnderLeaseUpStage" xlink:label="NumberOfRealEstatePropertiesUnderLeaseUpStage" xlink:title="NumberOfRealEstatePropertiesUnderLeaseUpStage" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesUnderLeaseUpStage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfRealEstatePropertiesUnderLeaseUpStage" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesUnderLeaseUpStage">Number of Real Estate Properties under Lease-up Stage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesUnderLeaseUpStage" xlink:to="label_NumberOfRealEstatePropertiesUnderLeaseUpStage" xlink:title="label: NumberOfRealEstatePropertiesUnderLeaseUpStage to label_NumberOfRealEstatePropertiesUnderLeaseUpStage" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesUnderLeaseUpStage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfRealEstatePropertiesUnderLeaseUpStage" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesUnderLeaseUpStage_2">Number of consolidated self-storage properties under lease-up stage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesUnderLeaseUpStage" xlink:to="label_NumberOfRealEstatePropertiesUnderLeaseUpStage_2" xlink:title="label: NumberOfRealEstatePropertiesUnderLeaseUpStage to label_NumberOfRealEstatePropertiesUnderLeaseUpStage" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesUnderLeaseUpStage_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfRealEstatePropertiesUnderLeaseUpStage" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesUnderLeaseUpStage_3">The number of real estate properties owned under lease-up stage as of the balance sheet date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesUnderLeaseUpStage" xlink:to="label_NumberOfRealEstatePropertiesUnderLeaseUpStage_3" xlink:title="label: NumberOfRealEstatePropertiesUnderLeaseUpStage to label_NumberOfRealEstatePropertiesUnderLeaseUpStage" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xlink:label="MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xlink:title="MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange">Minority Interest Ownership Percentage by Noncontrolling Owners, High End of Range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange to label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange_2">Ownership interests of third party owners, high end of range (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange_2" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange to label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange_3">The high end of range of equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange_3" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange to label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersHighEndOfRange" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xlink:label="MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xlink:title="MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange">Minority Interest Ownership Percentage by Noncontrolling Owners, Low End of Range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange to label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange_2">Ownership interests of third party owners, low end of range (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange_2" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange to label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange_3">The low end of range of equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange_3" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange to label_MinorityInterestOwnershipPercentageByNoncontrollingOwnersLowEndOfRange" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xlink:label="NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xlink:title="NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xml:lang="en-US" id="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber">Noncontrolling Interest Repurchase of Real Estate Properties, Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xlink:to="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xlink:title="label: NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber to label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xml:lang="en-US" id="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber_2">Number of self-storage properties in which minority partners' membership interests is acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xlink:to="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber_2" xlink:title="label: NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber to label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xml:lang="en-US" id="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber_3">The number of real estate properties attributable to noncontrolling interests repurchased during the year.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" xlink:to="label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber_3" xlink:title="label: NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber to label_NoncontrollingInterestRepurchaseOfRealEstatePropertiesNumber" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:title="ScheduleOfSegmentReportingInformationBySegmentTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xml:lang="en-US" id="label_ScheduleOfSegmentReportingInformationBySegmentTextBlock">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="label_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:title="label: ScheduleOfSegmentReportingInformationBySegmentTextBlock to label_ScheduleOfSegmentReportingInformationBySegmentTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfSegmentReportingInformationBySegmentTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xml:lang="en-US" id="label_ScheduleOfSegmentReportingInformationBySegmentTextBlock_2">Schedule of financial information of business segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="label_ScheduleOfSegmentReportingInformationBySegmentTextBlock_2" xlink:title="label: ScheduleOfSegmentReportingInformationBySegmentTextBlock to label_ScheduleOfSegmentReportingInformationBySegmentTextBlock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_PropertyManagementAcquisitionAndDevelopmentMember" xlink:label="PropertyManagementAcquisitionAndDevelopmentMember" xlink:title="PropertyManagementAcquisitionAndDevelopmentMember" />
    <link:label xlink:type="resource" xlink:label="label_PropertyManagementAcquisitionAndDevelopmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyManagementAcquisitionAndDevelopmentMember" xml:lang="en-US" id="label_PropertyManagementAcquisitionAndDevelopmentMember">Property management, acquisition and development</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyManagementAcquisitionAndDevelopmentMember" xlink:to="label_PropertyManagementAcquisitionAndDevelopmentMember" xlink:title="label: PropertyManagementAcquisitionAndDevelopmentMember to label_PropertyManagementAcquisitionAndDevelopmentMember" />
    <link:label xlink:type="resource" xlink:label="label_PropertyManagementAcquisitionAndDevelopmentMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyManagementAcquisitionAndDevelopmentMember" xml:lang="en-US" id="label_PropertyManagementAcquisitionAndDevelopmentMember_2">Represents Property management, acquisition and development segment of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyManagementAcquisitionAndDevelopmentMember" xlink:to="label_PropertyManagementAcquisitionAndDevelopmentMember_2" xlink:title="label: PropertyManagementAcquisitionAndDevelopmentMember to label_PropertyManagementAcquisitionAndDevelopmentMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RentalOperationsMember" xlink:label="RentalOperationsMember" xlink:title="RentalOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_RentalOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RentalOperationsMember" xml:lang="en-US" id="label_RentalOperationsMember">Rental operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalOperationsMember" xlink:to="label_RentalOperationsMember" xlink:title="label: RentalOperationsMember to label_RentalOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_RentalOperationsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RentalOperationsMember" xml:lang="en-US" id="label_RentalOperationsMember_2">Represents Rental operations segment of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalOperationsMember" xlink:to="label_RentalOperationsMember_2" xlink:title="label: RentalOperationsMember to label_RentalOperationsMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_TenantReinsuranceMember" xlink:label="TenantReinsuranceMember" xlink:title="TenantReinsuranceMember" />
    <link:label xlink:type="resource" xlink:label="label_TenantReinsuranceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenantReinsuranceMember" xml:lang="en-US" id="label_TenantReinsuranceMember">Tenant reinsurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenantReinsuranceMember" xlink:to="label_TenantReinsuranceMember" xlink:title="label: TenantReinsuranceMember to label_TenantReinsuranceMember" />
    <link:label xlink:type="resource" xlink:label="label_TenantReinsuranceMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenantReinsuranceMember" xml:lang="en-US" id="label_TenantReinsuranceMember_2">Represents Tenant reinsurance segment of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenantReinsuranceMember" xlink:to="label_TenantReinsuranceMember_2" xlink:title="label: TenantReinsuranceMember to label_TenantReinsuranceMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ReportingSegmentsNumber" xlink:label="ReportingSegmentsNumber" xlink:title="ReportingSegmentsNumber" />
    <link:label xlink:type="resource" xlink:label="label_ReportingSegmentsNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReportingSegmentsNumber" xml:lang="en-US" id="label_ReportingSegmentsNumber">Reporting Segments Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportingSegmentsNumber" xlink:to="label_ReportingSegmentsNumber" xlink:title="label: ReportingSegmentsNumber to label_ReportingSegmentsNumber" />
    <link:label xlink:type="resource" xlink:label="label_ReportingSegmentsNumber_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReportingSegmentsNumber" xml:lang="en-US" id="label_ReportingSegmentsNumber_2">Number of reportable segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportingSegmentsNumber" xlink:to="label_ReportingSegmentsNumber_2" xlink:title="label: ReportingSegmentsNumber to label_ReportingSegmentsNumber" />
    <link:label xlink:type="resource" xlink:label="label_ReportingSegmentsNumber_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReportingSegmentsNumber" xml:lang="en-US" id="label_ReportingSegmentsNumber_3">The number of reportable segments of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportingSegmentsNumber" xlink:to="label_ReportingSegmentsNumber_3" xlink:title="label: ReportingSegmentsNumber to label_ReportingSegmentsNumber" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="ScheduleOfSegmentReportingInformationBySegmentTable" xlink:title="ScheduleOfSegmentReportingInformationBySegmentTable" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfSegmentReportingInformationBySegmentTable" xml:lang="en-US" id="label_ScheduleOfSegmentReportingInformationBySegmentTable">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="label_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:title="label: ScheduleOfSegmentReportingInformationBySegmentTable to label_ScheduleOfSegmentReportingInformationBySegmentTable" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfSegmentReportingInformationBySegmentTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfSegmentReportingInformationBySegmentTable" xml:lang="en-US" id="label_ScheduleOfSegmentReportingInformationBySegmentTable_2">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="label_ScheduleOfSegmentReportingInformationBySegmentTable_2" xlink:title="label: ScheduleOfSegmentReportingInformationBySegmentTable to label_ScheduleOfSegmentReportingInformationBySegmentTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="StatementBusinessSegmentsAxis" xlink:title="StatementBusinessSegmentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_StatementBusinessSegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementBusinessSegmentsAxis" xml:lang="en-US" id="label_StatementBusinessSegmentsAxis">Statement, Business Segments [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementBusinessSegmentsAxis" xlink:to="label_StatementBusinessSegmentsAxis" xlink:title="label: StatementBusinessSegmentsAxis to label_StatementBusinessSegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="SegmentReportingInformationLineItems" xlink:title="SegmentReportingInformationLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SegmentReportingInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentReportingInformationLineItems" xml:lang="en-US" id="label_SegmentReportingInformationLineItems">Segment Reporting Information [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingInformationLineItems" xlink:to="label_SegmentReportingInformationLineItems" xlink:title="label: SegmentReportingInformationLineItems to label_SegmentReportingInformationLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SegmentReportingInformationLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentReportingInformationLineItems" xml:lang="en-US" id="label_SegmentReportingInformationLineItems_2">Segment Reporting Information [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingInformationLineItems" xlink:to="label_SegmentReportingInformationLineItems_2" xlink:title="label: SegmentReportingInformationLineItems to label_SegmentReportingInformationLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SegmentReportingInformationLineItems_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SegmentReportingInformationLineItems" xml:lang="en-US" id="label_SegmentReportingInformationLineItems_3">Segment Information</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingInformationLineItems" xlink:to="label_SegmentReportingInformationLineItems_3" xlink:title="label: SegmentReportingInformationLineItems to label_SegmentReportingInformationLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:label="InterestAndDebtExpense" xlink:title="InterestAndDebtExpense" />
    <link:label xlink:type="resource" xlink:label="label_InterestAndDebtExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestAndDebtExpense" xml:lang="en-US" id="label_InterestAndDebtExpense">Interest and Debt Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestAndDebtExpense" xlink:to="label_InterestAndDebtExpense" xlink:title="label: InterestAndDebtExpense to label_InterestAndDebtExpense" />
    <link:label xlink:type="resource" xlink:label="label_InterestAndDebtExpense_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestAndDebtExpense" xml:lang="en-US" id="label_InterestAndDebtExpense_2">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestAndDebtExpense" xlink:to="label_InterestAndDebtExpense_2" xlink:title="label: InterestAndDebtExpense to label_InterestAndDebtExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepreciationAndAmortizationAbstract" xlink:label="DepreciationAndAmortizationAbstract" xlink:title="DepreciationAndAmortizationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortizationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationAndAmortizationAbstract" xml:lang="en-US" id="label_DepreciationAndAmortizationAbstract">Depreciation, Depletion and Amortization [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortizationAbstract" xlink:to="label_DepreciationAndAmortizationAbstract" xlink:title="label: DepreciationAndAmortizationAbstract to label_DepreciationAndAmortizationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortizationAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationAndAmortizationAbstract" xml:lang="en-US" id="label_DepreciationAndAmortizationAbstract_2">Depreciation, Depletion and Amortization [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortizationAbstract" xlink:to="label_DepreciationAndAmortizationAbstract_2" xlink:title="label: DepreciationAndAmortizationAbstract to label_DepreciationAndAmortizationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortizationAbstract_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationAndAmortizationAbstract" xml:lang="en-US" id="label_DepreciationAndAmortizationAbstract_3">Depreciation and amortization expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortizationAbstract" xlink:to="label_DepreciationAndAmortizationAbstract_3" xlink:title="label: DepreciationAndAmortizationAbstract to label_DepreciationAndAmortizationAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NumberOfRealEstatePropertiesFranchiseesAndOthers" xlink:label="NumberOfRealEstatePropertiesFranchiseesAndOthers" xlink:title="NumberOfRealEstatePropertiesFranchiseesAndOthers" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesFranchiseesAndOthers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfRealEstatePropertiesFranchiseesAndOthers" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesFranchiseesAndOthers">Number of Real Estate Properties Franchisees and Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesFranchiseesAndOthers" xlink:to="label_NumberOfRealEstatePropertiesFranchiseesAndOthers" xlink:title="label: NumberOfRealEstatePropertiesFranchiseesAndOthers to label_NumberOfRealEstatePropertiesFranchiseesAndOthers" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesFranchiseesAndOthers_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfRealEstatePropertiesFranchiseesAndOthers" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesFranchiseesAndOthers_2">Number of properties owned by franchisees and third parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesFranchiseesAndOthers" xlink:to="label_NumberOfRealEstatePropertiesFranchiseesAndOthers_2" xlink:title="label: NumberOfRealEstatePropertiesFranchiseesAndOthers to label_NumberOfRealEstatePropertiesFranchiseesAndOthers" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesFranchiseesAndOthers_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfRealEstatePropertiesFranchiseesAndOthers" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesFranchiseesAndOthers_3">The number of real estate properties owned by franchisees and other third parties as of the balance sheet date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesFranchiseesAndOthers" xlink:to="label_NumberOfRealEstatePropertiesFranchiseesAndOthers_3" xlink:title="label: NumberOfRealEstatePropertiesFranchiseesAndOthers to label_NumberOfRealEstatePropertiesFranchiseesAndOthers" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NumberOfRealEstatePropertiesOwnedAndOrManaged" xlink:label="NumberOfRealEstatePropertiesOwnedAndOrManaged" xlink:title="NumberOfRealEstatePropertiesOwnedAndOrManaged" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesOwnedAndOrManaged" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfRealEstatePropertiesOwnedAndOrManaged" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesOwnedAndOrManaged">Number of Real Estate Properties Owned and or Managed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesOwnedAndOrManaged" xlink:to="label_NumberOfRealEstatePropertiesOwnedAndOrManaged" xlink:title="label: NumberOfRealEstatePropertiesOwnedAndOrManaged to label_NumberOfRealEstatePropertiesOwnedAndOrManaged" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesOwnedAndOrManaged_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfRealEstatePropertiesOwnedAndOrManaged" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesOwnedAndOrManaged_2">Number of operating properties owned and/or managed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesOwnedAndOrManaged" xlink:to="label_NumberOfRealEstatePropertiesOwnedAndOrManaged_2" xlink:title="label: NumberOfRealEstatePropertiesOwnedAndOrManaged to label_NumberOfRealEstatePropertiesOwnedAndOrManaged" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesOwnedAndOrManaged_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfRealEstatePropertiesOwnedAndOrManaged" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesOwnedAndOrManaged_3">The number of real estate properties owned and/or managed as of the balance sheet date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesOwnedAndOrManaged" xlink:to="label_NumberOfRealEstatePropertiesOwnedAndOrManaged_3" xlink:title="label: NumberOfRealEstatePropertiesOwnedAndOrManaged to label_NumberOfRealEstatePropertiesOwnedAndOrManaged" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NumberOfRealEstatesConstructionInProcess" xlink:label="NumberOfRealEstatesConstructionInProcess" xlink:title="NumberOfRealEstatesConstructionInProcess" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatesConstructionInProcess" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfRealEstatesConstructionInProcess" xml:lang="en-US" id="label_NumberOfRealEstatesConstructionInProcess">Number of Real Estates Construction in Process</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatesConstructionInProcess" xlink:to="label_NumberOfRealEstatesConstructionInProcess" xlink:title="label: NumberOfRealEstatesConstructionInProcess to label_NumberOfRealEstatesConstructionInProcess" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatesConstructionInProcess_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfRealEstatesConstructionInProcess" xml:lang="en-US" id="label_NumberOfRealEstatesConstructionInProcess_2">The number of real estate properties construction in process as of the balance sheet date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatesConstructionInProcess" xlink:to="label_NumberOfRealEstatesConstructionInProcess_2" xlink:title="label: NumberOfRealEstatesConstructionInProcess to label_NumberOfRealEstatesConstructionInProcess" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatesConstructionInProcess_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfRealEstatesConstructionInProcess" xml:lang="en-US" id="label_NumberOfRealEstatesConstructionInProcess_3">Number of consolidated self-storage properties under development</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatesConstructionInProcess" xlink:to="label_NumberOfRealEstatesConstructionInProcess_3" xlink:title="label: NumberOfRealEstatesConstructionInProcess to label_NumberOfRealEstatesConstructionInProcess" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xlink:label="MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xlink:title="MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xml:lang="en-US" id="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant">Maximum Percentage of Rental Income Accounted for by Single Tenant</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xlink:to="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xlink:title="label: MaximumPercentageOfRentalIncomeAccountedForBySingleTenant to label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xml:lang="en-US" id="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant_2">Maximum percentage of rental income accounted for by any single tenant (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xlink:to="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant_2" xlink:title="label: MaximumPercentageOfRentalIncomeAccountedForBySingleTenant to label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xml:lang="en-US" id="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant_3">Represents the maximum percentage of rental income accounted for by any single tenant.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" xlink:to="label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant_3" xlink:title="label: MaximumPercentageOfRentalIncomeAccountedForBySingleTenant to label_MaximumPercentageOfRentalIncomeAccountedForBySingleTenant" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="FairValueByBalanceSheetGroupingTextBlock" xlink:title="FairValueByBalanceSheetGroupingTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_FairValueByBalanceSheetGroupingTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueByBalanceSheetGroupingTextBlock" xml:lang="en-US" id="label_FairValueByBalanceSheetGroupingTextBlock">Fair Value, by Balance Sheet Grouping [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueByBalanceSheetGroupingTextBlock" xlink:to="label_FairValueByBalanceSheetGroupingTextBlock" xlink:title="label: FairValueByBalanceSheetGroupingTextBlock to label_FairValueByBalanceSheetGroupingTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_FairValueByBalanceSheetGroupingTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueByBalanceSheetGroupingTextBlock" xml:lang="en-US" id="label_FairValueByBalanceSheetGroupingTextBlock_2">Schedule of fair value of financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueByBalanceSheetGroupingTextBlock" xlink:to="label_FairValueByBalanceSheetGroupingTextBlock_2" xlink:title="label: FairValueByBalanceSheetGroupingTextBlock to label_FairValueByBalanceSheetGroupingTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:title="FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xml:lang="en-US" id="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems">Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:title="label: FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xml:lang="en-US" id="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_2">Fair Value of Financial Instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_2" xlink:title="label: FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xml:lang="en-US" id="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_3">Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:to="label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_3" xlink:title="label: FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems to label_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="EstimateOfFairValueFairValueDisclosureMember" xlink:title="EstimateOfFairValueFairValueDisclosureMember" />
    <link:label xlink:type="resource" xlink:label="label_EstimateOfFairValueFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimateOfFairValueFairValueDisclosureMember" xml:lang="en-US" id="label_EstimateOfFairValueFairValueDisclosureMember">Estimate of Fair Value, Fair Value Disclosure [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimateOfFairValueFairValueDisclosureMember" xlink:to="label_EstimateOfFairValueFairValueDisclosureMember" xlink:title="label: EstimateOfFairValueFairValueDisclosureMember to label_EstimateOfFairValueFairValueDisclosureMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="CarryingReportedAmountFairValueDisclosureMember" xlink:title="CarryingReportedAmountFairValueDisclosureMember" />
    <link:label xlink:type="resource" xlink:label="label_CarryingReportedAmountFairValueDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingReportedAmountFairValueDisclosureMember" xml:lang="en-US" id="label_CarryingReportedAmountFairValueDisclosureMember">Carrying (Reported) Amount, Fair Value Disclosure [Member]</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="FairValueDisclosureItemAmountsDomain" xlink:title="FairValueDisclosureItemAmountsDomain" />
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    <link:label xlink:type="resource" xlink:label="label_IncomeLossAttributableToNoncontrollingInterestFixedComponent_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeLossAttributableToNoncontrollingInterestFixedComponent" xml:lang="en-US" id="label_IncomeLossAttributableToNoncontrollingInterestFixedComponent_2">Subtract: Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits" xml:lang="en-US" id="label_IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits_2">Operating Partnership units (in shares)</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits" xml:lang="en-US" id="label_IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits_3">Shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible operating partnership units.</link:label>
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits" xlink:label="IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits" xlink:title="IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits" />
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    <link:label xlink:type="resource" xlink:label="label_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits" xml:lang="en-US" id="label_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits_2">Preferred Operating Partnership units (in shares)</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits" xml:lang="en-US" id="label_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits_3">Shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred operating partnership units.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits" xlink:to="label_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits_3" xlink:title="label: IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits to label_IncrementalCommonSharesAttributableToConversionOfPreferredOperatingPartnershipUnits" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="FairValueInputsLevel1Member" xlink:title="FairValueInputsLevel1Member" />
    <link:label xlink:type="resource" xlink:label="label_FairValueInputsLevel1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueInputsLevel1Member" xml:lang="en-US" id="label_FairValueInputsLevel1Member">Fair Value, Inputs, Level 1 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueInputsLevel1Member" xlink:to="label_FairValueInputsLevel1Member" xlink:title="label: FairValueInputsLevel1Member to label_FairValueInputsLevel1Member" />
    <link:label xlink:type="resource" xlink:label="label_FairValueInputsLevel1Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueInputsLevel1Member" xml:lang="en-US" id="label_FairValueInputsLevel1Member_2">Quoted Prices in Active Markets for Identical Assets (Level 1)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueInputsLevel1Member" xlink:to="label_FairValueInputsLevel1Member_2" xlink:title="label: FairValueInputsLevel1Member to label_FairValueInputsLevel1Member" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="FairValueInputsLevel2Member" xlink:title="FairValueInputsLevel2Member" />
    <link:label xlink:type="resource" xlink:label="label_FairValueInputsLevel2Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueInputsLevel2Member" xml:lang="en-US" id="label_FairValueInputsLevel2Member">Fair Value, Inputs, Level 2 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueInputsLevel2Member" xlink:to="label_FairValueInputsLevel2Member" xlink:title="label: FairValueInputsLevel2Member to label_FairValueInputsLevel2Member" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="FairValueInputsLevel3Member" xlink:title="FairValueInputsLevel3Member" />
    <link:label xlink:type="resource" xlink:label="label_FairValueInputsLevel3Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueInputsLevel3Member" xml:lang="en-US" id="label_FairValueInputsLevel3Member">Fair Value, Inputs, Level 3 [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueInputsLevel3Member" xlink:to="label_FairValueInputsLevel3Member" xlink:title="label: FairValueInputsLevel3Member to label_FairValueInputsLevel3Member" />
    <link:label xlink:type="resource" xlink:label="label_FairValueInputsLevel3Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueInputsLevel3Member" xml:lang="en-US" id="label_FairValueInputsLevel3Member_2">Significant Unobservable Inputs (Level 3)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueInputsLevel3Member" xlink:to="label_FairValueInputsLevel3Member_2" xlink:title="label: FairValueInputsLevel3Member to label_FairValueInputsLevel3Member" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestRateCashFlowHedgeDerivativeAtFairValueNet" xlink:label="InterestRateCashFlowHedgeDerivativeAtFairValueNet" xlink:title="InterestRateCashFlowHedgeDerivativeAtFairValueNet" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateCashFlowHedgeDerivativeAtFairValueNet" xlink:to="label_InterestRateCashFlowHedgeDerivativeAtFairValueNet" xlink:title="label: InterestRateCashFlowHedgeDerivativeAtFairValueNet to label_InterestRateCashFlowHedgeDerivativeAtFairValueNet" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateCashFlowHedgeDerivativeAtFairValueNet_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestRateCashFlowHedgeDerivativeAtFairValueNet" xml:lang="en-US" id="label_InterestRateCashFlowHedgeDerivativeAtFairValueNet_2">Cash Flow Hedge Swap Agreements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateCashFlowHedgeDerivativeAtFairValueNet" xlink:to="label_InterestRateCashFlowHedgeDerivativeAtFairValueNet_2" xlink:title="label: InterestRateCashFlowHedgeDerivativeAtFairValueNet to label_InterestRateCashFlowHedgeDerivativeAtFairValueNet" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateCashFlowHedgeDerivativeAtFairValueNet" xlink:to="label_InterestRateCashFlowHedgeDerivativeAtFairValueNet_3" xlink:title="label: InterestRateCashFlowHedgeDerivativeAtFairValueNet to label_InterestRateCashFlowHedgeDerivativeAtFairValueNet" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="FairValueByBalanceSheetGroupingTable" xlink:title="FairValueByBalanceSheetGroupingTable" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueByBalanceSheetGroupingTable" xlink:to="label_FairValueByBalanceSheetGroupingTable" xlink:title="label: FairValueByBalanceSheetGroupingTable to label_FairValueByBalanceSheetGroupingTable" />
    <link:label xlink:type="resource" xlink:label="label_FairValueByBalanceSheetGroupingTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueByBalanceSheetGroupingTable" xml:lang="en-US" id="label_FairValueByBalanceSheetGroupingTable_2">Fair Value, by Balance Sheet Grouping [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueByBalanceSheetGroupingTable" xlink:to="label_FairValueByBalanceSheetGroupingTable_2" xlink:title="label: FairValueByBalanceSheetGroupingTable to label_FairValueByBalanceSheetGroupingTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis" xlink:label="FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis" xlink:title="FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis" xlink:to="label_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis" xlink:title="label: FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis to label_FairValueByBalanceSheetGroupingDisclosureItemAmountsAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDilutedAbstract" xlink:label="NetIncomeLossAvailableToCommonStockholdersDilutedAbstract" xlink:title="NetIncomeLossAvailableToCommonStockholdersDilutedAbstract" />
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ScheduleOfEarningsPerShareTable" xlink:label="ScheduleOfEarningsPerShareTable" xlink:title="ScheduleOfEarningsPerShareTable" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareLineItems" xlink:to="label_EarningsPerShareLineItems_2" xlink:title="label: EarningsPerShareLineItems to label_EarningsPerShareLineItems" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xlink:label="DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xlink:title="DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xml:lang="en-US" id="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion">Debt Instrument, Percentage of Exchange Price Used to Determine Price Per Share that Must be Exceeded for Conversion</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xlink:to="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xlink:title="label: DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion to label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xml:lang="en-US" id="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion_2">Percentage of exchange price used to determine the minimum stock price that must be exceeded for exchangeable notes to be exchanged (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xlink:to="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion_2" xlink:title="label: DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion to label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xml:lang="en-US" id="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion_3">This element represents the percentage of exchange price used to calculate the minimum stock price that must be exceeded for exchangeable notes to be exchanged by debt holders.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" xlink:to="label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion_3" xlink:title="label: DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion to label_DebtInstrumentPercentageOfExchangePriceUsedToDeterminePricePerShareThatMustBeExceededForConversion" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xlink:label="PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xlink:title="PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" />
    <link:label xlink:type="resource" xlink:label="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xml:lang="en-US" id="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum">Preferred Operating Partnership Units Convertible Carrying Amount of the Equity Component Settled in Cash Minimum</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xlink:to="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xlink:title="label: PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum to label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" />
    <link:label xlink:type="resource" xlink:label="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xml:lang="en-US" id="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum_2">Exchangeable preferred operating partnership units settled in cash, minimum</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xlink:to="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum_2" xlink:title="label: PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum to label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" />
    <link:label xlink:type="resource" xlink:label="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xml:lang="en-US" id="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum_3">Represents the minimum amount of equity component of convertible preferred operating partnership units which will be settled in cash upon conversion.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" xlink:to="label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum_3" xlink:title="label: PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum to label_PreferredOperatingPartnershipUnitsConvertibleCarryingAmountOfTheEquityComponentSettledInCashMinimum" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:title="NetIncomeLossAvailableToCommonStockholdersDiluted" />
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xml:lang="en-US" id="label_NetIncomeLossAvailableToCommonStockholdersDiluted">Net Income (Loss) Available to Common Stockholders, Diluted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersDiluted to label_NetIncomeLossAvailableToCommonStockholdersDiluted" />
    <link:label xlink:type="resource" xlink:label="label_NetIncomeLossAvailableToCommonStockholdersDiluted_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NetIncomeLossAvailableToCommonStockholdersDiluted" xml:lang="en-US" id="label_NetIncomeLossAvailableToCommonStockholdersDiluted_2">Net income for diluted computations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:to="label_NetIncomeLossAvailableToCommonStockholdersDiluted_2" xlink:title="label: NetIncomeLossAvailableToCommonStockholdersDiluted to label_NetIncomeLossAvailableToCommonStockholdersDiluted" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:title="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" />
    <link:label xlink:type="resource" xlink:label="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xml:lang="en-US" id="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements">Incremental Common Shares Attributable to Share-based Payment Arrangements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:title="label: IncrementalCommonSharesAttributableToShareBasedPaymentArrangements to label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" />
    <link:label xlink:type="resource" xlink:label="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xml:lang="en-US" id="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2">Dilutive and cancelled stock options (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_2" xlink:title="label: IncrementalCommonSharesAttributableToShareBasedPaymentArrangements to label_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:title="AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" />
    <link:label xlink:type="resource" xlink:label="label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xml:lang="en-US" id="label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount">Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:to="label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:title="label: AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount to label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" />
    <link:label xlink:type="resource" xlink:label="label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xml:lang="en-US" id="label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_2">Anti-dilutive share options excluded from computation of earnings per share (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:to="label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_2" xlink:title="label: AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount to label_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTextBlock" xlink:label="ScheduleOfGuaranteeObligationsTextBlock" xlink:title="ScheduleOfGuaranteeObligationsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfGuaranteeObligationsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfGuaranteeObligationsTextBlock" xml:lang="en-US" id="label_ScheduleOfGuaranteeObligationsTextBlock">Schedule of Guarantor Obligations [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfGuaranteeObligationsTextBlock" xlink:to="label_ScheduleOfGuaranteeObligationsTextBlock" xlink:title="label: ScheduleOfGuaranteeObligationsTextBlock to label_ScheduleOfGuaranteeObligationsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfGuaranteeObligationsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfGuaranteeObligationsTextBlock" xml:lang="en-US" id="label_ScheduleOfGuaranteeObligationsTextBlock_2">Schedule of guaranteed loans for unconsolidated joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfGuaranteeObligationsTextBlock" xlink:to="label_ScheduleOfGuaranteeObligationsTextBlock_2" xlink:title="label: ScheduleOfGuaranteeObligationsTextBlock to label_ScheduleOfGuaranteeObligationsTextBlock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ExtraSpaceOfMontroseAvenueLLCMember" xlink:label="ExtraSpaceOfMontroseAvenueLLCMember" xlink:title="ExtraSpaceOfMontroseAvenueLLCMember" />
    <link:label xlink:type="resource" xlink:label="label_ExtraSpaceOfMontroseAvenueLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtraSpaceOfMontroseAvenueLLCMember" xml:lang="en-US" id="label_ExtraSpaceOfMontroseAvenueLLCMember">Extra Space of Montrose Avenue LLC</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraSpaceOfMontroseAvenueLLCMember" xlink:to="label_ExtraSpaceOfMontroseAvenueLLCMember" xlink:title="label: ExtraSpaceOfMontroseAvenueLLCMember to label_ExtraSpaceOfMontroseAvenueLLCMember" />
    <link:label xlink:type="resource" xlink:label="label_ExtraSpaceOfMontroseAvenueLLCMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExtraSpaceOfMontroseAvenueLLCMember" xml:lang="en-US" id="label_ExtraSpaceOfMontroseAvenueLLCMember_2">Represents Extra Space of Montrose Avenue LLC, a joint venture of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraSpaceOfMontroseAvenueLLCMember" xlink:to="label_ExtraSpaceOfMontroseAvenueLLCMember_2" xlink:title="label: ExtraSpaceOfMontroseAvenueLLCMember to label_ExtraSpaceOfMontroseAvenueLLCMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ExtraSpaceOfSacramentoOneLLCMember" xlink:label="ExtraSpaceOfSacramentoOneLLCMember" xlink:title="ExtraSpaceOfSacramentoOneLLCMember" />
    <link:label xlink:type="resource" xlink:label="label_ExtraSpaceOfSacramentoOneLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtraSpaceOfSacramentoOneLLCMember" xml:lang="en-US" id="label_ExtraSpaceOfSacramentoOneLLCMember">Extra Space of Sacramento One LLC</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraSpaceOfSacramentoOneLLCMember" xlink:to="label_ExtraSpaceOfSacramentoOneLLCMember" xlink:title="label: ExtraSpaceOfSacramentoOneLLCMember to label_ExtraSpaceOfSacramentoOneLLCMember" />
    <link:label xlink:type="resource" xlink:label="label_ExtraSpaceOfSacramentoOneLLCMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExtraSpaceOfSacramentoOneLLCMember" xml:lang="en-US" id="label_ExtraSpaceOfSacramentoOneLLCMember_2">Represents Extra Space of Sacramento One LLC, a joint venture of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraSpaceOfSacramentoOneLLCMember" xlink:to="label_ExtraSpaceOfSacramentoOneLLCMember_2" xlink:title="label: ExtraSpaceOfSacramentoOneLLCMember to label_ExtraSpaceOfSacramentoOneLLCMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ESSBaltimoreLLCMember" xlink:label="ESSBaltimoreLLCMember" xlink:title="ESSBaltimoreLLCMember" />
    <link:label xlink:type="resource" xlink:label="label_ESSBaltimoreLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ESSBaltimoreLLCMember" xml:lang="en-US" id="label_ESSBaltimoreLLCMember">ESS Baltimore LLC</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ESSBaltimoreLLCMember" xlink:to="label_ESSBaltimoreLLCMember" xlink:title="label: ESSBaltimoreLLCMember to label_ESSBaltimoreLLCMember" />
    <link:label xlink:type="resource" xlink:label="label_ESSBaltimoreLLCMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ESSBaltimoreLLCMember" xml:lang="en-US" id="label_ESSBaltimoreLLCMember_2">Represents ESS Baltimore LLC.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ESSBaltimoreLLCMember" xlink:to="label_ESSBaltimoreLLCMember_2" xlink:title="label: ESSBaltimoreLLCMember to label_ESSBaltimoreLLCMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:label="ScheduleOfGuaranteeObligationsTable" xlink:title="ScheduleOfGuaranteeObligationsTable" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfGuaranteeObligationsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfGuaranteeObligationsTable" xml:lang="en-US" id="label_ScheduleOfGuaranteeObligationsTable">Schedule of Guarantor Obligations [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfGuaranteeObligationsTable" xlink:to="label_ScheduleOfGuaranteeObligationsTable" xlink:title="label: ScheduleOfGuaranteeObligationsTable to label_ScheduleOfGuaranteeObligationsTable" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfGuaranteeObligationsTable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfGuaranteeObligationsTable" xml:lang="en-US" id="label_ScheduleOfGuaranteeObligationsTable_2">Schedule of Guarantor Obligations [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfGuaranteeObligationsTable" xlink:to="label_ScheduleOfGuaranteeObligationsTable_2" xlink:title="label: ScheduleOfGuaranteeObligationsTable to label_ScheduleOfGuaranteeObligationsTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="VariableInterestEntitiesByClassificationOfEntityAxis" xlink:title="VariableInterestEntitiesByClassificationOfEntityAxis" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntitiesByClassificationOfEntityAxis" xml:lang="en-US" id="label_VariableInterestEntitiesByClassificationOfEntityAxis">Variable Interest Entities by Classification of Entity [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntitiesByClassificationOfEntityAxis" xlink:to="label_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:title="label: VariableInterestEntitiesByClassificationOfEntityAxis to label_VariableInterestEntitiesByClassificationOfEntityAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="ClassificationOfVariableInterestEntityDomain" xlink:title="ClassificationOfVariableInterestEntityDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassificationOfVariableInterestEntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassificationOfVariableInterestEntityDomain" xml:lang="en-US" id="label_ClassificationOfVariableInterestEntityDomain">Variable Interest Entity, Classification [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassificationOfVariableInterestEntityDomain" xlink:to="label_ClassificationOfVariableInterestEntityDomain" xlink:title="label: ClassificationOfVariableInterestEntityDomain to label_ClassificationOfVariableInterestEntityDomain" />
    <link:label xlink:type="resource" xlink:label="label_ClassificationOfVariableInterestEntityDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassificationOfVariableInterestEntityDomain" xml:lang="en-US" id="label_ClassificationOfVariableInterestEntityDomain_2">Variable Interest Entity, Classification [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassificationOfVariableInterestEntityDomain" xlink:to="label_ClassificationOfVariableInterestEntityDomain_2" xlink:title="label: ClassificationOfVariableInterestEntityDomain to label_ClassificationOfVariableInterestEntityDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" xlink:label="InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" xlink:title="InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" xml:lang="en-US" id="label_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis">Investments in and Advances to Affiliates Categorization [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" xlink:to="label_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" xlink:title="label: InvestmentsInAndAdvancesToAffiliatesCategorizationAxis to label_InvestmentsInAndAdvancesToAffiliatesCategorizationAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xlink:label="InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xlink:title="InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xml:lang="en-US" id="label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain">Investments in and Advances to Affiliates Categorization [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xlink:to="label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xlink:title="label: InvestmentsInAndAdvancesToAffiliatesCategorizationDomain to label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xml:lang="en-US" id="label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain_2">Investments in and Advances to Affiliates Categorization [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" xlink:to="label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain_2" xlink:title="label: InvestmentsInAndAdvancesToAffiliatesCategorizationDomain to label_InvestmentsInAndAdvancesToAffiliatesCategorizationDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="GuaranteeObligationsLineItems" xlink:title="GuaranteeObligationsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeObligationsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GuaranteeObligationsLineItems" xml:lang="en-US" id="label_GuaranteeObligationsLineItems">Guarantor Obligations [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeObligationsLineItems" xlink:to="label_GuaranteeObligationsLineItems" xlink:title="label: GuaranteeObligationsLineItems to label_GuaranteeObligationsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeObligationsLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GuaranteeObligationsLineItems" xml:lang="en-US" id="label_GuaranteeObligationsLineItems_2">Guarantor Obligations [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeObligationsLineItems" xlink:to="label_GuaranteeObligationsLineItems_2" xlink:title="label: GuaranteeObligationsLineItems to label_GuaranteeObligationsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeObligationsLineItems_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GuaranteeObligationsLineItems" xml:lang="en-US" id="label_GuaranteeObligationsLineItems_3">Commitments And Contingencies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeObligationsLineItems" xlink:to="label_GuaranteeObligationsLineItems_3" xlink:title="label: GuaranteeObligationsLineItems to label_GuaranteeObligationsLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="GuaranteeObligationsMaximumExposure" xlink:title="GuaranteeObligationsMaximumExposure" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeObligationsMaximumExposure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GuaranteeObligationsMaximumExposure" xml:lang="en-US" id="label_GuaranteeObligationsMaximumExposure">Guarantor Obligations, Maximum Exposure, Undiscounted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeObligationsMaximumExposure" xlink:to="label_GuaranteeObligationsMaximumExposure" xlink:title="label: GuaranteeObligationsMaximumExposure to label_GuaranteeObligationsMaximumExposure" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeObligationsMaximumExposure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GuaranteeObligationsMaximumExposure" xml:lang="en-US" id="label_GuaranteeObligationsMaximumExposure_2">Guaranteed loan amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeObligationsMaximumExposure" xlink:to="label_GuaranteeObligationsMaximumExposure_2" xlink:title="label: GuaranteeObligationsMaximumExposure to label_GuaranteeObligationsMaximumExposure" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteeObligationsMaximumExposure_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GuaranteeObligationsMaximumExposure" xml:lang="en-US" id="label_GuaranteeObligationsMaximumExposure_3">Balance of guaranteed loan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteeObligationsMaximumExposure" xlink:to="label_GuaranteeObligationsMaximumExposure_3" xlink:title="label: GuaranteeObligationsMaximumExposure to label_GuaranteeObligationsMaximumExposure" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ScheduleOfRealEstatePropertyAcquisitionsTable" xlink:label="ScheduleOfRealEstatePropertyAcquisitionsTable" xlink:title="ScheduleOfRealEstatePropertyAcquisitionsTable" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfRealEstatePropertyAcquisitionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfRealEstatePropertyAcquisitionsTable" xml:lang="en-US" id="label_ScheduleOfRealEstatePropertyAcquisitionsTable">Schedule of Real Estate Property Acquisitions [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfRealEstatePropertyAcquisitionsTable" xlink:to="label_ScheduleOfRealEstatePropertyAcquisitionsTable" xlink:title="label: ScheduleOfRealEstatePropertyAcquisitionsTable to label_ScheduleOfRealEstatePropertyAcquisitionsTable" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfRealEstatePropertyAcquisitionsTable_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScheduleOfRealEstatePropertyAcquisitionsTable" xml:lang="en-US" id="label_ScheduleOfRealEstatePropertyAcquisitionsTable_2">Schedule of operating properties acquired by location and acquisition date including consideration paid and acquisition date fair value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfRealEstatePropertyAcquisitionsTable" xlink:to="label_ScheduleOfRealEstatePropertyAcquisitionsTable_2" xlink:title="label: ScheduleOfRealEstatePropertyAcquisitionsTable to label_ScheduleOfRealEstatePropertyAcquisitionsTable" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xlink:label="RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xlink:title="RealEstatePropertyAcquisitionPurchasePriceAllocationLand" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand">Acquisition Date Fair Value, Land</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xlink:to="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xlink:title="label: RealEstatePropertyAcquisitionPurchasePriceAllocationLand to label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand_2">The amount of acquisition cost of a real estate property allocated to land.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xlink:to="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand_2" xlink:title="label: RealEstatePropertyAcquisitionPurchasePriceAllocationLand to label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand_3">Real Estate Property Acquisition Purchase Price Allocation Land</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionPurchasePriceAllocationLand" xlink:to="label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand_3" xlink:title="label: RealEstatePropertyAcquisitionPurchasePriceAllocationLand to label_RealEstatePropertyAcquisitionPurchasePriceAllocationLand" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xlink:label="RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xlink:title="RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding">Real Estate Property Acquisition Purchase Price Allocation Building</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xlink:to="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xlink:title="label: RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding to label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding_2">Acquisition Date Fair Value, Building</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xlink:to="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding_2" xlink:title="label: RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding to label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding_3">The amount of acquisition cost of a real estate property allocated to building.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" xlink:to="label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding_3" xlink:title="label: RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding to label_RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstatePropertyAcquisitionClosingCostsExpensed" xlink:label="RealEstatePropertyAcquisitionClosingCostsExpensed" xlink:title="RealEstatePropertyAcquisitionClosingCostsExpensed" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionClosingCostsExpensed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertyAcquisitionClosingCostsExpensed" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionClosingCostsExpensed">Real Estate Property Acquisition Closing Costs Expensed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionClosingCostsExpensed" xlink:to="label_RealEstatePropertyAcquisitionClosingCostsExpensed" xlink:title="label: RealEstatePropertyAcquisitionClosingCostsExpensed to label_RealEstatePropertyAcquisitionClosingCostsExpensed" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionClosingCostsExpensed_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstatePropertyAcquisitionClosingCostsExpensed" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionClosingCostsExpensed_2">Closing costs - expensed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionClosingCostsExpensed" xlink:to="label_RealEstatePropertyAcquisitionClosingCostsExpensed_2" xlink:title="label: RealEstatePropertyAcquisitionClosingCostsExpensed to label_RealEstatePropertyAcquisitionClosingCostsExpensed" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionClosingCostsExpensed_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstatePropertyAcquisitionClosingCostsExpensed" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionClosingCostsExpensed_3">Represents closing costs expensed related to real estate property acquired.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionClosingCostsExpensed" xlink:to="label_RealEstatePropertyAcquisitionClosingCostsExpensed_3" xlink:title="label: RealEstatePropertyAcquisitionClosingCostsExpensed to label_RealEstatePropertyAcquisitionClosingCostsExpensed" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:label="ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:title="ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xml:lang="en-US" id="label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock">Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:to="label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:title="label: ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock to label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xml:lang="en-US" id="label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_2">Schedule of balance sheet classification and carrying amounts of the interest rate swaps</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:to="label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_2" xlink:title="label: ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock to label_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstatePropertyAcquisitionsAxis" xlink:label="RealEstatePropertyAcquisitionsAxis" xlink:title="RealEstatePropertyAcquisitionsAxis" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertyAcquisitionsAxis" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionsAxis">Real Estate Property Acquisitions [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionsAxis" xlink:to="label_RealEstatePropertyAcquisitionsAxis" xlink:title="label: RealEstatePropertyAcquisitionsAxis to label_RealEstatePropertyAcquisitionsAxis" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionsAxis_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstatePropertyAcquisitionsAxis" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionsAxis_2">Represents information regarding acquisitions of operating properties aggregated according to factors such as location, number of properties and acquisition date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionsAxis" xlink:to="label_RealEstatePropertyAcquisitionsAxis_2" xlink:title="label: RealEstatePropertyAcquisitionsAxis to label_RealEstatePropertyAcquisitionsAxis" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstatePropertiesAcquisitionLineItems" xlink:label="RealEstatePropertiesAcquisitionLineItems" xlink:title="RealEstatePropertiesAcquisitionLineItems" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertiesAcquisitionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertiesAcquisitionLineItems" xml:lang="en-US" id="label_RealEstatePropertiesAcquisitionLineItems">Real Estate Properties Acquisition [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertiesAcquisitionLineItems" xlink:to="label_RealEstatePropertiesAcquisitionLineItems" xlink:title="label: RealEstatePropertiesAcquisitionLineItems to label_RealEstatePropertiesAcquisitionLineItems" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertiesAcquisitionLineItems_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstatePropertiesAcquisitionLineItems" xml:lang="en-US" id="label_RealEstatePropertiesAcquisitionLineItems_2">Property Acquisitions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertiesAcquisitionLineItems" xlink:to="label_RealEstatePropertiesAcquisitionLineItems_2" xlink:title="label: RealEstatePropertiesAcquisitionLineItems to label_RealEstatePropertiesAcquisitionLineItems" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NumberOfRealEstatePropertiesAcquired" xlink:label="NumberOfRealEstatePropertiesAcquired" xlink:title="NumberOfRealEstatePropertiesAcquired" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfRealEstatePropertiesAcquired" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesAcquired">Number of Real Estate Properties Acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesAcquired" xlink:to="label_NumberOfRealEstatePropertiesAcquired" xlink:title="label: NumberOfRealEstatePropertiesAcquired to label_NumberOfRealEstatePropertiesAcquired" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesAcquired_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfRealEstatePropertiesAcquired" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesAcquired_2">Number of Properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesAcquired" xlink:to="label_NumberOfRealEstatePropertiesAcquired_2" xlink:title="label: NumberOfRealEstatePropertiesAcquired to label_NumberOfRealEstatePropertiesAcquired" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesAcquired_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfRealEstatePropertiesAcquired" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesAcquired_3">Represents the number of real estate properties acquired.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesAcquired" xlink:to="label_NumberOfRealEstatePropertiesAcquired_3" xlink:title="label: NumberOfRealEstatePropertiesAcquired to label_NumberOfRealEstatePropertiesAcquired" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfRealEstatePropertiesAcquired_4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NumberOfRealEstatePropertiesAcquired" xml:lang="en-US" id="label_NumberOfRealEstatePropertiesAcquired_4">Number of self-storage facilities (properties) acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfRealEstatePropertiesAcquired" xlink:to="label_NumberOfRealEstatePropertiesAcquired_4" xlink:title="label: NumberOfRealEstatePropertiesAcquired to label_NumberOfRealEstatePropertiesAcquired" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" xlink:label="RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" xlink:title="RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet">Real Estate Property Acquisition Assets Acquired Liabilities Assumed, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" xlink:to="label_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" xlink:title="label: RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet to label_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet_2">Net Liabilities (Assets) Assumed</link:label>
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange" xlink:label="NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange" xlink:title="NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange" xlink:to="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange_2" xlink:title="label: NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange to label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange" xml:lang="en-US" id="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesLowEndOfRange_3">The low end of the range of the aggregate notional amount of all interest rate derivatives designated as hedging instruments in cash flow hedges. Notional amount refers to the monetary amount specified in the interest rate derivative contract.</link:label>
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange" xlink:label="NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange" xlink:title="NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange" />
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    <link:label xlink:type="resource" xlink:label="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange" xml:lang="en-US" id="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange_2">Notional amount of cash flow hedge swap agreements, high end of range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange" xlink:to="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange_2" xlink:title="label: NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange to label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange" xml:lang="en-US" id="label_NotionalAmountOfInterestRateCashFlowHedgeDerivativesHighEndOfRange_3">The high end of the range of the aggregate notional amount of all interest rate derivatives designated as hedging instruments in cash flow hedges. Notional amount refers to the monetary amount specified in the interest rate derivative contract.</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DerivativeLowerFixedInterestRateRange" xlink:label="DerivativeLowerFixedInterestRateRange" xlink:title="DerivativeLowerFixedInterestRateRange" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeLowerFixedInterestRateRange" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeLowerFixedInterestRateRange" xml:lang="en-US" id="label_DerivativeLowerFixedInterestRateRange">Derivative, Lower Fixed Interest Rate Range</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DerivativeLowerFixedInterestRateRange_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeLowerFixedInterestRateRange" xml:lang="en-US" id="label_DerivativeLowerFixedInterestRateRange_2">Strike rate cash flow hedge swap agreements, low end of range (as a percent)</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DerivativeHigherFixedInterestRateRange" xlink:label="DerivativeHigherFixedInterestRateRange" xlink:title="DerivativeHigherFixedInterestRateRange" />
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    <link:label xlink:type="resource" xlink:label="label_DerivativeHigherFixedInterestRateRange_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeHigherFixedInterestRateRange" xml:lang="en-US" id="label_DerivativeHigherFixedInterestRateRange_2">Strike rate cash flow hedge swap agreements, high end of range (as a percent)</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:label="InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:title="InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" />
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NumberOfCondominiumsHeldForSale" xlink:label="NumberOfCondominiumsHeldForSale" xlink:title="NumberOfCondominiumsHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfCondominiumsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfCondominiumsHeldForSale" xml:lang="en-US" id="label_NumberOfCondominiumsHeldForSale">Number of Condominiums Held-for-sale</link:label>
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    <link:label xlink:type="resource" xlink:label="label_NumberOfCondominiumsHeldForSale_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfCondominiumsHeldForSale" xml:lang="en-US" id="label_NumberOfCondominiumsHeldForSale_2">Number of vacant condominiums held for sale</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfCondominiumsHeldForSale" xlink:to="label_NumberOfCondominiumsHeldForSale_3" xlink:title="label: NumberOfCondominiumsHeldForSale to label_NumberOfCondominiumsHeldForSale" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_FairValueAssetsAndLiabilitiesMeasuredOnNonrecurringBasisAbstract" xlink:label="FairValueAssetsAndLiabilitiesMeasuredOnNonrecurringBasisAbstract" xlink:title="FairValueAssetsAndLiabilitiesMeasuredOnNonrecurringBasisAbstract" />
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments" xlink:label="InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments" xlink:title="InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments" xlink:to="label_InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments" xlink:title="label: InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments to label_InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments" xlink:to="label_InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments_2" xlink:title="label: InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments to label_InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments" />
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock" xlink:label="ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock" xlink:title="ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock" />
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    <link:label xlink:type="resource" xlink:label="label_ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock" xml:lang="en-US" id="label_ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock_2">Tabular disclosure of impact of interest payments on interest expenses recognized under cash flow hedge swap agreements.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock" xlink:to="label_ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock_2" xlink:title="label: ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock to label_ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock" xlink:to="label_ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock_3" xlink:title="label: ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock to label_ScheduleOfDerivativeInstrumentsInterestPaymentsImpactOnInterestExpensesTableTextBlock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_GuaranteeObligationsEstimatedFairValueOfAssets" xlink:label="GuaranteeObligationsEstimatedFairValueOfAssets" xlink:title="GuaranteeObligationsEstimatedFairValueOfAssets" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:title="ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_VariableInterestEntityNotPrimaryBeneficiaryComparisonOfCarryingAmountOfLiabilitiesToMaximumLossExposureTableTextBlock" xlink:label="VariableInterestEntityNotPrimaryBeneficiaryComparisonOfCarryingAmountOfLiabilitiesToMaximumLossExposureTableTextBlock" xlink:title="VariableInterestEntityNotPrimaryBeneficiaryComparisonOfCarryingAmountOfLiabilitiesToMaximumLossExposureTableTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="ScheduleOfVariableInterestEntitiesTable" xlink:title="ScheduleOfVariableInterestEntitiesTable" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfVariableInterestEntitiesTable" xlink:to="label_ScheduleOfVariableInterestEntitiesTable_2" xlink:title="label: ScheduleOfVariableInterestEntitiesTable to label_ScheduleOfVariableInterestEntitiesTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CorporateJointVentureMember" xlink:label="CorporateJointVentureMember" xlink:title="CorporateJointVentureMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateJointVentureMember" xlink:to="label_CorporateJointVentureMember" xlink:title="label: CorporateJointVentureMember to label_CorporateJointVentureMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ESSStatutoryTrustIMember" xlink:label="ESSStatutoryTrustIMember" xlink:title="ESSStatutoryTrustIMember" />
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    <link:label xlink:type="resource" xlink:label="label_ESSStatutoryTrustIMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ESSStatutoryTrustIMember" xml:lang="en-US" id="label_ESSStatutoryTrustIMember_2">Represents ESS Statutory Trust I, a wholly-owned, unconsolidated subsidiary of the operating partnership of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ESSStatutoryTrustIMember" xlink:to="label_ESSStatutoryTrustIMember_2" xlink:title="label: ESSStatutoryTrustIMember to label_ESSStatutoryTrustIMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ESSStatutoryTrustIIMember" xlink:label="ESSStatutoryTrustIIMember" xlink:title="ESSStatutoryTrustIIMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ESSStatutoryTrustIIMember" xlink:to="label_ESSStatutoryTrustIIMember" xlink:title="label: ESSStatutoryTrustIIMember to label_ESSStatutoryTrustIIMember" />
    <link:label xlink:type="resource" xlink:label="label_ESSStatutoryTrustIIMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ESSStatutoryTrustIIMember" xml:lang="en-US" id="label_ESSStatutoryTrustIIMember_2">Represents ESS Statutory Trust II, a wholly-owned, unconsolidated subsidiary of the operating partnership of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ESSStatutoryTrustIIMember" xlink:to="label_ESSStatutoryTrustIIMember_2" xlink:title="label: ESSStatutoryTrustIIMember to label_ESSStatutoryTrustIIMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_ESSStatutoryTrustIIIMember" xlink:label="ESSStatutoryTrustIIIMember" xlink:title="ESSStatutoryTrustIIIMember" />
    <link:label xlink:type="resource" xlink:label="label_ESSStatutoryTrustIIIMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ESSStatutoryTrustIIIMember" xml:lang="en-US" id="label_ESSStatutoryTrustIIIMember">Trust III</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ESSStatutoryTrustIIIMember" xlink:to="label_ESSStatutoryTrustIIIMember" xlink:title="label: ESSStatutoryTrustIIIMember to label_ESSStatutoryTrustIIIMember" />
    <link:label xlink:type="resource" xlink:label="label_ESSStatutoryTrustIIIMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ESSStatutoryTrustIIIMember" xml:lang="en-US" id="label_ESSStatutoryTrustIIIMember_2">Represents ESS Statutory Trust III, a wholly-owned, unconsolidated subsidiary of the operating partnership of the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ESSStatutoryTrustIIIMember" xlink:to="label_ESSStatutoryTrustIIIMember_2" xlink:title="label: ESSStatutoryTrustIIIMember to label_ESSStatutoryTrustIIIMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="VariableInterestEntityLineItems" xlink:title="VariableInterestEntityLineItems" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityLineItems" xlink:to="label_VariableInterestEntityLineItems" xlink:title="label: VariableInterestEntityLineItems to label_VariableInterestEntityLineItems" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityLineItems" xlink:to="label_VariableInterestEntityLineItems_2" xlink:title="label: VariableInterestEntityLineItems to label_VariableInterestEntityLineItems" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityLineItems_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityLineItems" xml:lang="en-US" id="label_VariableInterestEntityLineItems_3">Variable Interests in Unconsolidated Real Estate Joint Ventures:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityLineItems" xlink:to="label_VariableInterestEntityLineItems_3" xlink:title="label: VariableInterestEntityLineItems to label_VariableInterestEntityLineItems" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_VariableInterestEntityInterestInJointVenturesNumber" xlink:label="VariableInterestEntityInterestInJointVenturesNumber" xlink:title="VariableInterestEntityInterestInJointVenturesNumber" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInterestInJointVenturesNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityInterestInJointVenturesNumber" xml:lang="en-US" id="label_VariableInterestEntityInterestInJointVenturesNumber">Variable Interest Entity, Interest in Joint Ventures Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInterestInJointVenturesNumber" xlink:to="label_VariableInterestEntityInterestInJointVenturesNumber" xlink:title="label: VariableInterestEntityInterestInJointVenturesNumber to label_VariableInterestEntityInterestInJointVenturesNumber" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInterestInJointVenturesNumber_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityInterestInJointVenturesNumber" xml:lang="en-US" id="label_VariableInterestEntityInterestInJointVenturesNumber_2">Number of interests in unconsolidated VIE joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInterestInJointVenturesNumber" xlink:to="label_VariableInterestEntityInterestInJointVenturesNumber_2" xlink:title="label: VariableInterestEntityInterestInJointVenturesNumber to label_VariableInterestEntityInterestInJointVenturesNumber" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInterestInJointVenturesNumber_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VariableInterestEntityInterestInJointVenturesNumber" xml:lang="en-US" id="label_VariableInterestEntityInterestInJointVenturesNumber_3">Represents the number of unconsolidated VIE joint ventures in which the entity holds interest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInterestInJointVenturesNumber" xlink:to="label_VariableInterestEntityInterestInJointVenturesNumber_3" xlink:title="label: VariableInterestEntityInterestInJointVenturesNumber to label_VariableInterestEntityInterestInJointVenturesNumber" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xlink:label="EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xlink:title="EquityMethodInvestmentOwnershipPercentageLowEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xml:lang="en-US" id="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange">Equity Method Investment, Ownership Percentage Low End of Range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xlink:to="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xlink:title="label: EquityMethodInvestmentOwnershipPercentageLowEndOfRange to label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xml:lang="en-US" id="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange_2">Equity interests in unconsolidated VIE joint ventures, low end of range (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xlink:to="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange_2" xlink:title="label: EquityMethodInvestmentOwnershipPercentageLowEndOfRange to label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xml:lang="en-US" id="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange_3">The low end of the range of the percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentOwnershipPercentageLowEndOfRange" xlink:to="label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange_3" xlink:title="label: EquityMethodInvestmentOwnershipPercentageLowEndOfRange to label_EquityMethodInvestmentOwnershipPercentageLowEndOfRange" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xlink:label="EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xlink:title="EquityMethodInvestmentOwnershipPercentageHighEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xml:lang="en-US" id="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange">Equity Method Investment, Ownership Percentage High End of Range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xlink:to="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xlink:title="label: EquityMethodInvestmentOwnershipPercentageHighEndOfRange to label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xml:lang="en-US" id="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange_2">Equity interests in unconsolidated VIE joint ventures, high end of range (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xlink:to="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange_2" xlink:title="label: EquityMethodInvestmentOwnershipPercentageHighEndOfRange to label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xml:lang="en-US" id="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange_3">The high end of the range of the percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentOwnershipPercentageHighEndOfRange" xlink:to="label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange_3" xlink:title="label: EquityMethodInvestmentOwnershipPercentageHighEndOfRange to label_EquityMethodInvestmentOwnershipPercentageHighEndOfRange" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NotesReceivableStatedInterestRate" xlink:label="NotesReceivableStatedInterestRate" xlink:title="NotesReceivableStatedInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_NotesReceivableStatedInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NotesReceivableStatedInterestRate" xml:lang="en-US" id="label_NotesReceivableStatedInterestRate">Represents the stated interest rate of notes receivable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesReceivableStatedInterestRate" xlink:to="label_NotesReceivableStatedInterestRate" xlink:title="label: NotesReceivableStatedInterestRate to label_NotesReceivableStatedInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_NotesReceivableStatedInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesReceivableStatedInterestRate" xml:lang="en-US" id="label_NotesReceivableStatedInterestRate_2">Notes Receivable Stated Interest Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesReceivableStatedInterestRate" xlink:to="label_NotesReceivableStatedInterestRate_2" xlink:title="label: NotesReceivableStatedInterestRate to label_NotesReceivableStatedInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_NotesReceivableStatedInterestRate_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesReceivableStatedInterestRate" xml:lang="en-US" id="label_NotesReceivableStatedInterestRate_3">Note receivable interest rate (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesReceivableStatedInterestRate" xlink:to="label_NotesReceivableStatedInterestRate_3" xlink:title="label: NotesReceivableStatedInterestRate to label_NotesReceivableStatedInterestRate" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xlink:label="NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xlink:title="NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xml:lang="en-US" id="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum">Noncontrolling Interest Conversion of Preferred Operating Partnership Units before Maturity of Loan, Maximum</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xlink:to="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xlink:title="label: NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum to label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xml:lang="en-US" id="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum_2">Maximum number of preferred OP units converted prior to the maturity date of the loan (in units)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xlink:to="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum_2" xlink:title="label: NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum to label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xml:lang="en-US" id="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum_3">Represents the maximum number of preferred operating partnership units that can be converted by noncontrolling holders of preferred units before maturity date of the loan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" xlink:to="label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum_3" xlink:title="label: NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum to label_NoncontrollingInterestConversionOfPreferredOperatingPartnershipUnitsBeforeMaturityOfLoanMaximum" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xlink:label="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xlink:title="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount">Noncontrolling Interest in Preferred Operating Partnership Units, Fixed Priority Return, Amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount_2">Fixed priority return on preferred OP units, amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount_2" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount_3">Represents the carrying amount of preferred operating partnership units attributable to noncontrolling preferred unit holders on which the fixed priority return is granted.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount_3" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnAmount" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityMethodInvestments" xlink:label="EquityMethodInvestments" xlink:title="EquityMethodInvestments" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestments" xml:lang="en-US" id="label_EquityMethodInvestments">Equity Method Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestments" xlink:to="label_EquityMethodInvestments" xlink:title="label: EquityMethodInvestments to label_EquityMethodInvestments" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMethodInvestments" xml:lang="en-US" id="label_EquityMethodInvestments_2">Investment balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestments" xlink:to="label_EquityMethodInvestments_2" xlink:title="label: EquityMethodInvestments to label_EquityMethodInvestments" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DueFromJointVentures" xlink:label="DueFromJointVentures" xlink:title="DueFromJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_DueFromJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DueFromJointVentures" xml:lang="en-US" id="label_DueFromJointVentures">Due from Joint Ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromJointVentures" xlink:to="label_DueFromJointVentures" xlink:title="label: DueFromJointVentures to label_DueFromJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_DueFromJointVentures_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DueFromJointVentures" xml:lang="en-US" id="label_DueFromJointVentures_2">Payables to company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DueFromJointVentures" xlink:to="label_DueFromJointVentures_2" xlink:title="label: DueFromJointVentures to label_DueFromJointVentures" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_VariableInterestEntityInterestInTrustNumber" xlink:label="VariableInterestEntityInterestInTrustNumber" xlink:title="VariableInterestEntityInterestInTrustNumber" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInterestInTrustNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityInterestInTrustNumber" xml:lang="en-US" id="label_VariableInterestEntityInterestInTrustNumber">Variable Interest Entity, Interest in Trust, Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInterestInTrustNumber" xlink:to="label_VariableInterestEntityInterestInTrustNumber" xlink:title="label: VariableInterestEntityInterestInTrustNumber to label_VariableInterestEntityInterestInTrustNumber" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInterestInTrustNumber_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityInterestInTrustNumber" xml:lang="en-US" id="label_VariableInterestEntityInterestInTrustNumber_2">Number of wholly-owned unconsolidated subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInterestInTrustNumber" xlink:to="label_VariableInterestEntityInterestInTrustNumber_2" xlink:title="label: VariableInterestEntityInterestInTrustNumber to label_VariableInterestEntityInterestInTrustNumber" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInterestInTrustNumber_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VariableInterestEntityInterestInTrustNumber" xml:lang="en-US" id="label_VariableInterestEntityInterestInTrustNumber_3">Represents the number of wholly-owned unconsolidated subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInterestInTrustNumber" xlink:to="label_VariableInterestEntityInterestInTrustNumber_3" xlink:title="label: VariableInterestEntityInterestInTrustNumber to label_VariableInterestEntityInterestInTrustNumber" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" xlink:label="VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" xlink:title="VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" xml:lang="en-US" id="label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract">Variable Interest Entity in Trust Carrying Amount of Liabilities to Maximum Loss Exposure [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" xlink:to="label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" xlink:title="label: VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract to label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" xml:lang="en-US" id="label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract_2">Comparison of the liability balance and the maximum exposure to loss related to trusts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" xlink:to="label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract_2" xlink:title="label: VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract to label_VariableInterestEntityInTrustCarryingAmountOfLiabilitiesToMaximumLossExposureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_VariableInterestEntityOwnershipPercentage" xlink:label="VariableInterestEntityOwnershipPercentage" xlink:title="VariableInterestEntityOwnershipPercentage" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityOwnershipPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityOwnershipPercentage" xml:lang="en-US" id="label_VariableInterestEntityOwnershipPercentage">Variable Interest Entity, Ownership Percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityOwnershipPercentage" xlink:to="label_VariableInterestEntityOwnershipPercentage" xlink:title="label: VariableInterestEntityOwnershipPercentage to label_VariableInterestEntityOwnershipPercentage" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityOwnershipPercentage_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityOwnershipPercentage" xml:lang="en-US" id="label_VariableInterestEntityOwnershipPercentage_2">Voting rights in unconsolidated VIE joint ventures (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityOwnershipPercentage" xlink:to="label_VariableInterestEntityOwnershipPercentage_2" xlink:title="label: VariableInterestEntityOwnershipPercentage to label_VariableInterestEntityOwnershipPercentage" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_VariableInterestEntityInTrustInvestmentAmount" xlink:label="VariableInterestEntityInTrustInvestmentAmount" xlink:title="VariableInterestEntityInTrustInvestmentAmount" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInTrustInvestmentAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityInTrustInvestmentAmount" xml:lang="en-US" id="label_VariableInterestEntityInTrustInvestmentAmount">Investment balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInTrustInvestmentAmount" xlink:to="label_VariableInterestEntityInTrustInvestmentAmount" xlink:title="label: VariableInterestEntityInTrustInvestmentAmount to label_VariableInterestEntityInTrustInvestmentAmount" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInTrustInvestmentAmount_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VariableInterestEntityInTrustInvestmentAmount" xml:lang="en-US" id="label_VariableInterestEntityInTrustInvestmentAmount_2">Represents the carrying amount on the entity's balance sheet of its investment in unconsolidated subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInTrustInvestmentAmount" xlink:to="label_VariableInterestEntityInTrustInvestmentAmount_2" xlink:title="label: VariableInterestEntityInTrustInvestmentAmount to label_VariableInterestEntityInTrustInvestmentAmount" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityInTrustInvestmentAmount_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityInTrustInvestmentAmount" xml:lang="en-US" id="label_VariableInterestEntityInTrustInvestmentAmount_3">Variable Interest Entity in Trust, Investment Amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityInTrustInvestmentAmount" xlink:to="label_VariableInterestEntityInTrustInvestmentAmount_3" xlink:title="label: VariableInterestEntityInTrustInvestmentAmount to label_VariableInterestEntityInTrustInvestmentAmount" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xlink:label="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xlink:title="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn">Noncontrolling Interest in Preferred Operating Partnership Units, Fixed Priority Return, Stated Rate of Return</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn_2">Fixed priority return on preferred OP units, stated return rate (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn_2" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn_3">Represents the carrying amount of preferred operating partnership units attributable to noncontrolling preferred unit holders on which the fixed priority return is granted.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn_3" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnStatedRateOfReturn" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xlink:label="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xlink:title="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue">Noncontrolling Interest in Preferred Operating Partnership Units, Fixed Priority Return, Redemption Value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue_2">Fixed priority return on preferred OP units, liquidation value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue_2" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xml:lang="en-US" id="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue_3">Represents the liquidation value of preferred operating partnership units attributable to noncontrolling preferred unit holders on which the fixed priority return is granted.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" xlink:to="label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue_3" xlink:title="label: NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue to label_NoncontrollingInterestInPreferredOperatingPartnershipUnitsFixedPriorityReturnRedemptionValue" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:label="MinorityInterestOwnershipPercentageByParent" xlink:title="MinorityInterestOwnershipPercentageByParent" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestOwnershipPercentageByParent" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByParent">Noncontrolling Interest, Ownership Percentage by Parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByParent" xlink:to="label_MinorityInterestOwnershipPercentageByParent" xlink:title="label: MinorityInterestOwnershipPercentageByParent to label_MinorityInterestOwnershipPercentageByParent" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByParent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestOwnershipPercentageByParent" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByParent_2">Ownership interest held by entity (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByParent" xlink:to="label_MinorityInterestOwnershipPercentageByParent_2" xlink:title="label: MinorityInterestOwnershipPercentageByParent to label_MinorityInterestOwnershipPercentageByParent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:label="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="MinorityInterestOwnershipPercentageByNoncontrollingOwners" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners">Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwners to label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xml:lang="en-US" id="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_2">Noncontrolling interest in operating partnership (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="label_MinorityInterestOwnershipPercentageByNoncontrollingOwners_2" xlink:title="label: MinorityInterestOwnershipPercentageByNoncontrollingOwners to label_MinorityInterestOwnershipPercentageByNoncontrollingOwners" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_UnitsOfPartnershipInterestAmount" xlink:label="UnitsOfPartnershipInterestAmount" xlink:title="UnitsOfPartnershipInterestAmount" />
    <link:label xlink:type="resource" xlink:label="label_UnitsOfPartnershipInterestAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnitsOfPartnershipInterestAmount" xml:lang="en-US" id="label_UnitsOfPartnershipInterestAmount">Units of Partnership Interest, Amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitsOfPartnershipInterestAmount" xlink:to="label_UnitsOfPartnershipInterestAmount" xlink:title="label: UnitsOfPartnershipInterestAmount to label_UnitsOfPartnershipInterestAmount" />
    <link:label xlink:type="resource" xlink:label="label_UnitsOfPartnershipInterestAmount_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnitsOfPartnershipInterestAmount" xml:lang="en-US" id="label_UnitsOfPartnershipInterestAmount_2">Common OP units outstanding (in units)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitsOfPartnershipInterestAmount" xlink:to="label_UnitsOfPartnershipInterestAmount_2" xlink:title="label: UnitsOfPartnershipInterestAmount to label_UnitsOfPartnershipInterestAmount" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_AverageClosingMarketPriceMeasurementPeriod" xlink:label="AverageClosingMarketPriceMeasurementPeriod" xlink:title="AverageClosingMarketPriceMeasurementPeriod" />
    <link:label xlink:type="resource" xlink:label="label_AverageClosingMarketPriceMeasurementPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AverageClosingMarketPriceMeasurementPeriod" xml:lang="en-US" id="label_AverageClosingMarketPriceMeasurementPeriod">Average Closing Market Price Measurement Period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageClosingMarketPriceMeasurementPeriod" xlink:to="label_AverageClosingMarketPriceMeasurementPeriod" xlink:title="label: AverageClosingMarketPriceMeasurementPeriod to label_AverageClosingMarketPriceMeasurementPeriod" />
    <link:label xlink:type="resource" xlink:label="label_AverageClosingMarketPriceMeasurementPeriod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AverageClosingMarketPriceMeasurementPeriod" xml:lang="en-US" id="label_AverageClosingMarketPriceMeasurementPeriod_2">Number of days used as a denomination to determine the average closing price of common stock (in days)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageClosingMarketPriceMeasurementPeriod" xlink:to="label_AverageClosingMarketPriceMeasurementPeriod_2" xlink:title="label: AverageClosingMarketPriceMeasurementPeriod to label_AverageClosingMarketPriceMeasurementPeriod" />
    <link:label xlink:type="resource" xlink:label="label_AverageClosingMarketPriceMeasurementPeriod_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AverageClosingMarketPriceMeasurementPeriod" xml:lang="en-US" id="label_AverageClosingMarketPriceMeasurementPeriod_3">Represents the average market closing price measurement period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AverageClosingMarketPriceMeasurementPeriod" xlink:to="label_AverageClosingMarketPriceMeasurementPeriod_3" xlink:title="label: AverageClosingMarketPriceMeasurementPeriod to label_AverageClosingMarketPriceMeasurementPeriod" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_CommonStockAverageClosingMarketPrice" xlink:label="CommonStockAverageClosingMarketPrice" xlink:title="CommonStockAverageClosingMarketPrice" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockAverageClosingMarketPrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommonStockAverageClosingMarketPrice" xml:lang="en-US" id="label_CommonStockAverageClosingMarketPrice">Common Stock, Average Closing Market Price</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockAverageClosingMarketPrice" xlink:to="label_CommonStockAverageClosingMarketPrice" xlink:title="label: CommonStockAverageClosingMarketPrice to label_CommonStockAverageClosingMarketPrice" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockAverageClosingMarketPrice_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommonStockAverageClosingMarketPrice" xml:lang="en-US" id="label_CommonStockAverageClosingMarketPrice_2">Ten day average closing stock price (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockAverageClosingMarketPrice" xlink:to="label_CommonStockAverageClosingMarketPrice_2" xlink:title="label: CommonStockAverageClosingMarketPrice to label_CommonStockAverageClosingMarketPrice" />
    <link:label xlink:type="resource" xlink:label="label_CommonStockAverageClosingMarketPrice_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommonStockAverageClosingMarketPrice" xml:lang="en-US" id="label_CommonStockAverageClosingMarketPrice_3">This element represents the average closing market price of the common stock.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommonStockAverageClosingMarketPrice" xlink:to="label_CommonStockAverageClosingMarketPrice_3" xlink:title="label: CommonStockAverageClosingMarketPrice to label_CommonStockAverageClosingMarketPrice" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" xlink:label="VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" xlink:title="VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" xml:lang="en-US" id="label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure">Variable Interest, Difference (Between Carrying Amount and Maximum Exposure)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" xlink:to="label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" xlink:title="label: VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure to label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" xml:lang="en-US" id="label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure_2">Difference</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" xlink:to="label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure_2" xlink:title="label: VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure to label_VariableInterestDifferenceBetweenCarryingAmountAndMaximumExposure" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstatePropertyAcquisitionDomain" xlink:label="RealEstatePropertyAcquisitionDomain" xlink:title="RealEstatePropertyAcquisitionDomain" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstatePropertyAcquisitionDomain" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionDomain">Real Estate Property Acquisition [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionDomain" xlink:to="label_RealEstatePropertyAcquisitionDomain" xlink:title="label: RealEstatePropertyAcquisitionDomain to label_RealEstatePropertyAcquisitionDomain" />
    <link:label xlink:type="resource" xlink:label="label_RealEstatePropertyAcquisitionDomain_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstatePropertyAcquisitionDomain" xml:lang="en-US" id="label_RealEstatePropertyAcquisitionDomain_2">Represents operating property acquisitions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstatePropertyAcquisitionDomain" xlink:to="label_RealEstatePropertyAcquisitionDomain_2" xlink:title="label: RealEstatePropertyAcquisitionDomain to label_RealEstatePropertyAcquisitionDomain" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NewYork1Property20100521Member" xlink:label="NewYork1Property20100521Member" xlink:title="NewYork1Property20100521Member" />
    <link:label xlink:type="resource" xlink:label="label_NewYork1Property20100521Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewYork1Property20100521Member" xml:lang="en-US" id="label_NewYork1Property20100521Member">New York, 1 Property Acquired 5/21/2010</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewYork1Property20100521Member" xlink:to="label_NewYork1Property20100521Member" xlink:title="label: NewYork1Property20100521Member to label_NewYork1Property20100521Member" />
    <link:label xlink:type="resource" xlink:label="label_NewYork1Property20100521Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NewYork1Property20100521Member" xml:lang="en-US" id="label_NewYork1Property20100521Member_2">Represents the property acquired in the state of New York on 5/21/2010.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewYork1Property20100521Member" xlink:to="label_NewYork1Property20100521Member_2" xlink:title="label: NewYork1Property20100521Member to label_NewYork1Property20100521Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Georgia3Properties20100617Member" xlink:label="Georgia3Properties20100617Member" xlink:title="Georgia3Properties20100617Member" />
    <link:label xlink:type="resource" xlink:label="label_Georgia3Properties20100617Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Georgia3Properties20100617Member" xml:lang="en-US" id="label_Georgia3Properties20100617Member">Georgia, 3 Properties Acquired 6/17/2010</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Georgia3Properties20100617Member" xlink:to="label_Georgia3Properties20100617Member" xlink:title="label: Georgia3Properties20100617Member to label_Georgia3Properties20100617Member" />
    <link:label xlink:type="resource" xlink:label="label_Georgia3Properties20100617Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Georgia3Properties20100617Member" xml:lang="en-US" id="label_Georgia3Properties20100617Member_2">Represents the three properties acquired in the state of Georgia on 6/17/2010.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Georgia3Properties20100617Member" xlink:to="label_Georgia3Properties20100617Member_2" xlink:title="label: Georgia3Properties20100617Member to label_Georgia3Properties20100617Member" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="NotesPayableFairValueDisclosure" xlink:title="NotesPayableFairValueDisclosure" />
    <link:label xlink:type="resource" xlink:label="label_NotesPayableFairValueDisclosure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesPayableFairValueDisclosure" xml:lang="en-US" id="label_NotesPayableFairValueDisclosure">Notes Payable, Fair Value Disclosure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableFairValueDisclosure" xlink:to="label_NotesPayableFairValueDisclosure" xlink:title="label: NotesPayableFairValueDisclosure to label_NotesPayableFairValueDisclosure" />
    <link:label xlink:type="resource" xlink:label="label_NotesPayableFairValueDisclosure_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NotesPayableFairValueDisclosure" xml:lang="en-US" id="label_NotesPayableFairValueDisclosure_2">Fixed rate notes payable and notes payable to trusts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesPayableFairValueDisclosure" xlink:to="label_NotesPayableFairValueDisclosure_2" xlink:title="label: NotesPayableFairValueDisclosure to label_NotesPayableFairValueDisclosure" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="CommitmentsAndContingenciesDisclosureAbstract" xlink:title="CommitmentsAndContingenciesDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CommitmentsAndContingenciesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommitmentsAndContingenciesDisclosureAbstract" xml:lang="en-US" id="label_CommitmentsAndContingenciesDisclosureAbstract">COMMITMENTS AND CONTINGENCIES</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="NumberOfRealEstateProperties" xlink:title="NumberOfRealEstateProperties" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NumberOfStatesInWhichEntityOperates" xlink:label="NumberOfStatesInWhichEntityOperates" xlink:title="NumberOfStatesInWhichEntityOperates" />
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    <link:label xlink:type="resource" xlink:label="label_NumberOfStatesInWhichEntityOperates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfStatesInWhichEntityOperates" xml:lang="en-US" id="label_NumberOfStatesInWhichEntityOperates">Number of states in which operating storage facilities are located</link:label>
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    <link:label xlink:type="resource" xlink:label="label_OtherAssetsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsDisclosureTextBlock" xml:lang="en-US" id="label_OtherAssetsDisclosureTextBlock_2">Other Assets Disclosure [Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_OtherAssetsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAssetsDisclosureTextBlock" xml:lang="en-US" id="label_OtherAssetsDisclosureTextBlock">OTHER ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsDisclosureTextBlock" xlink:to="label_OtherAssetsDisclosureTextBlock" xlink:title="label: OtherAssetsDisclosureTextBlock to label_OtherAssetsDisclosureTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract" xlink:label="OtherLiabilitiesDisclosureAbstract" xlink:title="OtherLiabilitiesDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherLiabilitiesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLiabilitiesDisclosureAbstract" xml:lang="en-US" id="label_OtherLiabilitiesDisclosureAbstract">OTHER LIABILITIES</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:title="ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityEntityMaximumLossExposureAmount" xlink:to="label_VariableInterestEntityEntityMaximumLossExposureAmount_2" xlink:title="label: VariableInterestEntityEntityMaximumLossExposureAmount to label_VariableInterestEntityEntityMaximumLossExposureAmount" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityEntityMaximumLossExposureAmount" xml:lang="en-US" id="label_VariableInterestEntityEntityMaximumLossExposureAmount">Maximum exposure to loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityEntityMaximumLossExposureAmount" xlink:to="label_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:title="label: VariableInterestEntityEntityMaximumLossExposureAmount to label_VariableInterestEntityEntityMaximumLossExposureAmount" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:label="VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:title="VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xml:lang="en-US" id="label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_2">Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:to="label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_2" xlink:title="label: VariableInterestEntityNonconsolidatedCarryingAmountLiabilities to label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xml:lang="en-US" id="label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities">Liability balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:to="label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:title="label: VariableInterestEntityNonconsolidatedCarryingAmountLiabilities to label_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:label="VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:title="VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xml:lang="en-US" id="label_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember">The Trusts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:to="label_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" xlink:title="label: VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember to label_VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" xlink:label="NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" xlink:title="NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" />
    <link:label xlink:type="resource" xlink:label="label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" xml:lang="en-US" id="label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1_2">Noncash or Part Noncash Acquisition, Accounts Receivable Acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" xlink:to="label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1_2" xlink:title="label: NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1 to label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" />
    <link:label xlink:type="resource" xlink:label="label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" xml:lang="en-US" id="label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1">Change in receivables from related parties and affiliated real estate joint ventures due to consolidation of joint venture properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" xlink:to="label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" xlink:title="label: NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1 to label_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ConversionOfStockAmountConverted1" xlink:label="ConversionOfStockAmountConverted1" xlink:title="ConversionOfStockAmountConverted1" />
    <link:label xlink:type="resource" xlink:label="label_ConversionOfStockAmountConverted1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConversionOfStockAmountConverted1" xml:lang="en-US" id="label_ConversionOfStockAmountConverted1">Redemption of Operating Partnership units held by noncontrolling interests for common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConversionOfStockAmountConverted1" xlink:to="label_ConversionOfStockAmountConverted1" xlink:title="label: ConversionOfStockAmountConverted1 to label_ConversionOfStockAmountConverted1" />
    <link:label xlink:type="resource" xlink:label="label_ConversionOfStockAmountConverted1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConversionOfStockAmountConverted1" xml:lang="en-US" id="label_ConversionOfStockAmountConverted1_2">Conversion of Stock, Amount Converted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConversionOfStockAmountConverted1" xlink:to="label_ConversionOfStockAmountConverted1_2" xlink:title="label: ConversionOfStockAmountConverted1 to label_ConversionOfStockAmountConverted1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:label="OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:title="OperatingLeasesIncomeStatementMinimumLeaseRevenue" />
    <link:label xlink:type="resource" xlink:label="label_OperatingLeasesIncomeStatementMinimumLeaseRevenue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xml:lang="en-US" id="label_OperatingLeasesIncomeStatementMinimumLeaseRevenue_2">Operating Leases, Income Statement, Minimum Lease Revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:to="label_OperatingLeasesIncomeStatementMinimumLeaseRevenue_2" xlink:title="label: OperatingLeasesIncomeStatementMinimumLeaseRevenue to label_OperatingLeasesIncomeStatementMinimumLeaseRevenue" />
    <link:label xlink:type="resource" xlink:label="label_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xml:lang="en-US" id="label_OperatingLeasesIncomeStatementMinimumLeaseRevenue">Property rental</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:to="label_OperatingLeasesIncomeStatementMinimumLeaseRevenue" xlink:title="label: OperatingLeasesIncomeStatementMinimumLeaseRevenue to label_OperatingLeasesIncomeStatementMinimumLeaseRevenue" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="CommitmentsAndContingencies" xlink:title="CommitmentsAndContingencies" />
    <link:label xlink:type="resource" xlink:label="label_CommitmentsAndContingencies_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommitmentsAndContingencies" xml:lang="en-US" id="label_CommitmentsAndContingencies_2">Commitments and Contingencies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingencies" xlink:to="label_CommitmentsAndContingencies_2" xlink:title="label: CommitmentsAndContingencies to label_CommitmentsAndContingencies" />
    <link:label xlink:type="resource" xlink:label="label_CommitmentsAndContingencies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommitmentsAndContingencies" xml:lang="en-US" id="label_CommitmentsAndContingencies">Commitments and contingencies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommitmentsAndContingencies" xlink:to="label_CommitmentsAndContingencies" xlink:title="label: CommitmentsAndContingencies to label_CommitmentsAndContingencies" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:title="FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" />
    <link:label xlink:type="resource" xlink:label="label_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xml:lang="en-US" id="label_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="label_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:title="label: FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable to label_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentDomain" xlink:label="SegmentDomain" xlink:title="SegmentDomain" />
    <link:label xlink:type="resource" xlink:label="label_SegmentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentDomain" xml:lang="en-US" id="label_SegmentDomain">Segment [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentDomain" xlink:to="label_SegmentDomain" xlink:title="label: SegmentDomain to label_SegmentDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="FairValueByMeasurementFrequencyAxis" xlink:title="FairValueByMeasurementFrequencyAxis" />
    <link:label xlink:type="resource" xlink:label="label_FairValueByMeasurementFrequencyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueByMeasurementFrequencyAxis" xml:lang="en-US" id="label_FairValueByMeasurementFrequencyAxis">Fair Value by Measurement Frequency [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueByMeasurementFrequencyAxis" xlink:to="label_FairValueByMeasurementFrequencyAxis" xlink:title="label: FairValueByMeasurementFrequencyAxis to label_FairValueByMeasurementFrequencyAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="FairValueMeasurementFrequencyDomain" xlink:title="FairValueMeasurementFrequencyDomain" />
    <link:label xlink:type="resource" xlink:label="label_FairValueMeasurementFrequencyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueMeasurementFrequencyDomain" xml:lang="en-US" id="label_FairValueMeasurementFrequencyDomain">Fair Value, Measurement Frequency [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueMeasurementFrequencyDomain" xlink:to="label_FairValueMeasurementFrequencyDomain" xlink:title="label: FairValueMeasurementFrequencyDomain to label_FairValueMeasurementFrequencyDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="FairValueByFairValueHierarchyLevelAxis" xlink:title="FairValueByFairValueHierarchyLevelAxis" />
    <link:label xlink:type="resource" xlink:label="label_FairValueByFairValueHierarchyLevelAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueByFairValueHierarchyLevelAxis" xml:lang="en-US" id="label_FairValueByFairValueHierarchyLevelAxis">Fair Value, Hierarchy [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueByFairValueHierarchyLevelAxis" xlink:to="label_FairValueByFairValueHierarchyLevelAxis" xlink:title="label: FairValueByFairValueHierarchyLevelAxis to label_FairValueByFairValueHierarchyLevelAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="FairValueMeasurementsFairValueHierarchyDomain" xlink:title="FairValueMeasurementsFairValueHierarchyDomain" />
    <link:label xlink:type="resource" xlink:label="label_FairValueMeasurementsFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueMeasurementsFairValueHierarchyDomain" xml:lang="en-US" id="label_FairValueMeasurementsFairValueHierarchyDomain">Fair Value, Measurements, Fair Value Hierarchy [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueMeasurementsFairValueHierarchyDomain" xlink:to="label_FairValueMeasurementsFairValueHierarchyDomain" xlink:title="label: FairValueMeasurementsFairValueHierarchyDomain to label_FairValueMeasurementsFairValueHierarchyDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:title="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xml:lang="en-US" id="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract">DERIVATIVES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:title="label: DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract to label_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="SegmentReportingAbstract" xlink:title="SegmentReportingAbstract" />
    <link:label xlink:type="resource" xlink:label="label_SegmentReportingAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentReportingAbstract" xml:lang="en-US" id="label_SegmentReportingAbstract">SEGMENT INFORMATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentReportingAbstract" xlink:to="label_SegmentReportingAbstract" xlink:title="label: SegmentReportingAbstract to label_SegmentReportingAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="label_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityRegistrantName" xml:lang="en-US" id="label_EntityRegistrantName">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="label_EntityRegistrantName" xlink:title="label: EntityRegistrantName to label_EntityRegistrantName" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="label_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCentralIndexKey" xml:lang="en-US" id="label_EntityCentralIndexKey">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="label_EntityCentralIndexKey" xlink:title="label: EntityCentralIndexKey to label_EntityCentralIndexKey" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
    <link:label xlink:type="resource" xlink:label="label_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentType" xml:lang="en-US" id="label_DocumentType">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="label_DocumentType" xlink:title="label: DocumentType to label_DocumentType" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="label_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentPeriodEndDate" xml:lang="en-US" id="label_DocumentPeriodEndDate">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="label_DocumentPeriodEndDate" xlink:title="label: DocumentPeriodEndDate to label_DocumentPeriodEndDate" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="label_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmendmentFlag" xml:lang="en-US" id="label_AmendmentFlag">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="label_AmendmentFlag" xlink:title="label: AmendmentFlag to label_AmendmentFlag" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentDescription" xlink:label="AmendmentDescription" xlink:title="AmendmentDescription" />
    <link:label xlink:type="resource" xlink:label="label_AmendmentDescription" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmendmentDescription" xml:lang="en-US" id="label_AmendmentDescription">Amendment Description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentDescription" xlink:to="label_AmendmentDescription" xlink:title="label: AmendmentDescription to label_AmendmentDescription" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="CurrentFiscalYearEndDate" xlink:title="CurrentFiscalYearEndDate" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentFiscalYearEndDate" xml:lang="en-US" id="label_CurrentFiscalYearEndDate">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFiscalYearEndDate" xlink:to="label_CurrentFiscalYearEndDate" xlink:title="label: CurrentFiscalYearEndDate to label_CurrentFiscalYearEndDate" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="EntityWellKnownSeasonedIssuer" xlink:title="EntityWellKnownSeasonedIssuer" />
    <link:label xlink:type="resource" xlink:label="label_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityWellKnownSeasonedIssuer" xml:lang="en-US" id="label_EntityWellKnownSeasonedIssuer">Entity Well-known Seasoned Issuer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityWellKnownSeasonedIssuer" xlink:to="label_EntityWellKnownSeasonedIssuer" xlink:title="label: EntityWellKnownSeasonedIssuer to label_EntityWellKnownSeasonedIssuer" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="EntityVoluntaryFilers" xlink:title="EntityVoluntaryFilers" />
    <link:label xlink:type="resource" xlink:label="label_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityVoluntaryFilers" xml:lang="en-US" id="label_EntityVoluntaryFilers">Entity Voluntary Filers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityVoluntaryFilers" xlink:to="label_EntityVoluntaryFilers" xlink:title="label: EntityVoluntaryFilers to label_EntityVoluntaryFilers" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="EntityCurrentReportingStatus" xlink:title="EntityCurrentReportingStatus" />
    <link:label xlink:type="resource" xlink:label="label_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCurrentReportingStatus" xml:lang="en-US" id="label_EntityCurrentReportingStatus">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCurrentReportingStatus" xlink:to="label_EntityCurrentReportingStatus" xlink:title="label: EntityCurrentReportingStatus to label_EntityCurrentReportingStatus" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityFilerCategory" xlink:label="EntityFilerCategory" xlink:title="EntityFilerCategory" />
    <link:label xlink:type="resource" xlink:label="label_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityFilerCategory" xml:lang="en-US" id="label_EntityFilerCategory">Entity Filer Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFilerCategory" xlink:to="label_EntityFilerCategory" xlink:title="label: EntityFilerCategory to label_EntityFilerCategory" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityPublicFloat" xlink:label="EntityPublicFloat" xlink:title="EntityPublicFloat" />
    <link:label xlink:type="resource" xlink:label="label_EntityPublicFloat" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityPublicFloat" xml:lang="en-US" id="label_EntityPublicFloat">Entity Public Float</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityPublicFloat" xlink:to="label_EntityPublicFloat" xlink:title="label: EntityPublicFloat to label_EntityPublicFloat" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="EntityCommonStockSharesOutstanding" xlink:title="EntityCommonStockSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCommonStockSharesOutstanding" xml:lang="en-US" id="label_EntityCommonStockSharesOutstanding">Entity Common Stock, Shares Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCommonStockSharesOutstanding" xlink:to="label_EntityCommonStockSharesOutstanding" xlink:title="label: EntityCommonStockSharesOutstanding to label_EntityCommonStockSharesOutstanding" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentFiscalYearFocus" xml:lang="en-US" id="label_DocumentFiscalYearFocus">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="label_DocumentFiscalYearFocus" xlink:title="label: DocumentFiscalYearFocus to label_DocumentFiscalYearFocus" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentFiscalPeriodFocus" xml:lang="en-US" id="label_DocumentFiscalPeriodFocus">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="label_DocumentFiscalPeriodFocus" xlink:title="label: DocumentFiscalPeriodFocus to label_DocumentFiscalPeriodFocus" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ConvertibleDebt" xlink:label="ConvertibleDebt" xlink:title="ConvertibleDebt" />
    <link:label xlink:type="resource" xlink:label="label_ConvertibleDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertibleDebt" xml:lang="en-US" id="label_ConvertibleDebt">Convertible Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebt" xlink:to="label_ConvertibleDebt" xlink:title="label: ConvertibleDebt to label_ConvertibleDebt" />
    <link:label xlink:type="resource" xlink:label="label_ConvertibleDebt_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertibleDebt" xml:lang="en-US" id="label_ConvertibleDebt_2">Exchangeable senior notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebt" xlink:to="label_ConvertibleDebt_2" xlink:title="label: ConvertibleDebt to label_ConvertibleDebt" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="BusinessCombinationDisclosureTextBlock" xlink:title="BusinessCombinationDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_BusinessCombinationDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessCombinationDisclosureTextBlock" xml:lang="en-US" id="label_BusinessCombinationDisclosureTextBlock">PROPERTY ACQUISITIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationDisclosureTextBlock" xlink:to="label_BusinessCombinationDisclosureTextBlock" xlink:title="label: BusinessCombinationDisclosureTextBlock to label_BusinessCombinationDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_BusinessCombinationDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationDisclosureTextBlock" xml:lang="en-US" id="label_BusinessCombinationDisclosureTextBlock_2">Business Combination Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationDisclosureTextBlock" xlink:to="label_BusinessCombinationDisclosureTextBlock_2" xlink:title="label: BusinessCombinationDisclosureTextBlock to label_BusinessCombinationDisclosureTextBlock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_VariableInterestsDisclosureTextBlock" xlink:label="VariableInterestsDisclosureTextBlock" xlink:title="VariableInterestsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestsDisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VariableInterestsDisclosureTextBlock" xml:lang="en-US" id="label_VariableInterestsDisclosureTextBlock">Variable Interests Disclosure [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestsDisclosureTextBlock" xlink:to="label_VariableInterestsDisclosureTextBlock" xlink:title="label: VariableInterestsDisclosureTextBlock to label_VariableInterestsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestsDisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VariableInterestsDisclosureTextBlock" xml:lang="en-US" id="label_VariableInterestsDisclosureTextBlock_2">VARIABLE INTERESTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestsDisclosureTextBlock" xlink:to="label_VariableInterestsDisclosureTextBlock_2" xlink:title="label: VariableInterestsDisclosureTextBlock to label_VariableInterestsDisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_VariableInterestsDisclosureTextBlock_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VariableInterestsDisclosureTextBlock" xml:lang="en-US" id="label_VariableInterestsDisclosureTextBlock_3">Represents the disclosure of variable interests.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VariableInterestsDisclosureTextBlock" xlink:to="label_VariableInterestsDisclosureTextBlock_3" xlink:title="label: VariableInterestsDisclosureTextBlock to label_VariableInterestsDisclosureTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:label="ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:title="ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xml:lang="en-US" id="label_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_2">Schedule of Business Acquisitions, by Acquisition [Table Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xml:lang="en-US" id="label_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock">Schedule of operating properties acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:to="label_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" xlink:title="label: ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock to label_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstateRemainingDevelopmentProjectsInProcessNumber" xlink:label="RealEstateRemainingDevelopmentProjectsInProcessNumber" xlink:title="RealEstateRemainingDevelopmentProjectsInProcessNumber" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateRemainingDevelopmentProjectsInProcessNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateRemainingDevelopmentProjectsInProcessNumber" xml:lang="en-US" id="label_RealEstateRemainingDevelopmentProjectsInProcessNumber">Real Estate Remaining Development Projects in Process, Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateRemainingDevelopmentProjectsInProcessNumber" xlink:to="label_RealEstateRemainingDevelopmentProjectsInProcessNumber" xlink:title="label: RealEstateRemainingDevelopmentProjectsInProcessNumber to label_RealEstateRemainingDevelopmentProjectsInProcessNumber" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateRemainingDevelopmentProjectsInProcessNumber_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstateRemainingDevelopmentProjectsInProcessNumber" xml:lang="en-US" id="label_RealEstateRemainingDevelopmentProjectsInProcessNumber_2">Number of development projects in process</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateRemainingDevelopmentProjectsInProcessNumber" xlink:to="label_RealEstateRemainingDevelopmentProjectsInProcessNumber_2" xlink:title="label: RealEstateRemainingDevelopmentProjectsInProcessNumber to label_RealEstateRemainingDevelopmentProjectsInProcessNumber" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateRemainingDevelopmentProjectsInProcessNumber_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstateRemainingDevelopmentProjectsInProcessNumber" xml:lang="en-US" id="label_RealEstateRemainingDevelopmentProjectsInProcessNumber_3">The number of remaining development projects in process as of the balance sheet date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateRemainingDevelopmentProjectsInProcessNumber" xlink:to="label_RealEstateRemainingDevelopmentProjectsInProcessNumber_3" xlink:title="label: RealEstateRemainingDevelopmentProjectsInProcessNumber to label_RealEstateRemainingDevelopmentProjectsInProcessNumber" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ConvertibleDebtFairValueDisclosures" xlink:label="ConvertibleDebtFairValueDisclosures" xlink:title="ConvertibleDebtFairValueDisclosures" />
    <link:label xlink:type="resource" xlink:label="label_ConvertibleDebtFairValueDisclosures_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConvertibleDebtFairValueDisclosures" xml:lang="en-US" id="label_ConvertibleDebtFairValueDisclosures_2">Convertible Debt, Fair Value Disclosures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtFairValueDisclosures" xlink:to="label_ConvertibleDebtFairValueDisclosures_2" xlink:title="label: ConvertibleDebtFairValueDisclosures to label_ConvertibleDebtFairValueDisclosures" />
    <link:label xlink:type="resource" xlink:label="label_ConvertibleDebtFairValueDisclosures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConvertibleDebtFairValueDisclosures" xml:lang="en-US" id="label_ConvertibleDebtFairValueDisclosures">Exchangeable senior notes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConvertibleDebtFairValueDisclosures" xlink:to="label_ConvertibleDebtFairValueDisclosures" xlink:title="label: ConvertibleDebtFairValueDisclosures to label_ConvertibleDebtFairValueDisclosures" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice" xlink:label="BusinessAcquisitionCostOfAcquiredEntityPurchasePrice" xlink:title="BusinessAcquisitionCostOfAcquiredEntityPurchasePrice" />
    <link:label xlink:type="resource" xlink:label="label_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice" xml:lang="en-US" id="label_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice_2">Business Acquisition, Cost of Acquired Entity, Purchase Price</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessAcquisitionCostOfAcquiredEntityPurchasePrice" xlink:to="label_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice_2" xlink:title="label: BusinessAcquisitionCostOfAcquiredEntityPurchasePrice to label_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice" />
    <link:label xlink:type="resource" xlink:label="label_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice" xml:lang="en-US" id="label_BusinessAcquisitionCostOfAcquiredEntityPurchasePrice">Total Consideration Paid</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessAcquisitionCostOfAcquiredEntityCashPaid" xlink:label="BusinessAcquisitionCostOfAcquiredEntityCashPaid" xlink:title="BusinessAcquisitionCostOfAcquiredEntityCashPaid" />
    <link:label xlink:type="resource" xlink:label="label_BusinessAcquisitionCostOfAcquiredEntityCashPaid_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessAcquisitionCostOfAcquiredEntityCashPaid" xml:lang="en-US" id="label_BusinessAcquisitionCostOfAcquiredEntityCashPaid_2">Business Acquisition, Cost of Acquired Entity, Cash Paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessAcquisitionCostOfAcquiredEntityCashPaid" xlink:to="label_BusinessAcquisitionCostOfAcquiredEntityCashPaid_2" xlink:title="label: BusinessAcquisitionCostOfAcquiredEntityCashPaid to label_BusinessAcquisitionCostOfAcquiredEntityCashPaid" />
    <link:label xlink:type="resource" xlink:label="label_BusinessAcquisitionCostOfAcquiredEntityCashPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessAcquisitionCostOfAcquiredEntityCashPaid" xml:lang="en-US" id="label_BusinessAcquisitionCostOfAcquiredEntityCashPaid">Cash Consideration Paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessAcquisitionCostOfAcquiredEntityCashPaid" xlink:to="label_BusinessAcquisitionCostOfAcquiredEntityCashPaid" xlink:title="label: BusinessAcquisitionCostOfAcquiredEntityCashPaid to label_BusinessAcquisitionCostOfAcquiredEntityCashPaid" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets" xlink:label="BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets" xlink:title="BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets" xml:lang="en-US" id="label_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets_2">Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets</link:label>
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    <link:label xlink:type="resource" xlink:label="label_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets" xml:lang="en-US" id="label_BusinessAcquisitionPurchasePriceAllocationAmortizableIntangibleAssets">Acquisition Date Fair Value, Intangible</link:label>
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    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xlink:label="PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xlink:title="PreferredUnitsIssuedInExchangeAsPartOfAcquisition" />
    <link:label xlink:type="resource" xlink:label="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xml:lang="en-US" id="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition">Preferred Units Issued in Exchange as Part of Acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xlink:to="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xlink:title="label: PreferredUnitsIssuedInExchangeAsPartOfAcquisition to label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" />
    <link:label xlink:type="resource" xlink:label="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xml:lang="en-US" id="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition_2">Preferred OP units (in units)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xlink:to="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition_2" xlink:title="label: PreferredUnitsIssuedInExchangeAsPartOfAcquisition to label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" />
    <link:label xlink:type="resource" xlink:label="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xml:lang="en-US" id="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition_3">The number of preferred units issued in exchange as part of an acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferredUnitsIssuedInExchangeAsPartOfAcquisition" xlink:to="label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition_3" xlink:title="label: PreferredUnitsIssuedInExchangeAsPartOfAcquisition to label_PreferredUnitsIssuedInExchangeAsPartOfAcquisition" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xlink:label="BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xlink:title="BasisOfExchangeOperatingPartnershipUnitsForCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xml:lang="en-US" id="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock">Basis of Exchange Operating Partnership Units for Common Stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xlink:to="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xlink:title="label: BasisOfExchangeOperatingPartnershipUnitsForCommonStock to label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xml:lang="en-US" id="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock_2">Common OP units conversion basis</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xlink:to="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock_2" xlink:title="label: BasisOfExchangeOperatingPartnershipUnitsForCommonStock to label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xml:lang="en-US" id="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock_3">Represents the basis of exchange for the entity's option to acquire operating partnership units in exchange for shares of its common stock.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasisOfExchangeOperatingPartnershipUnitsForCommonStock" xlink:to="label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock_3" xlink:title="label: BasisOfExchangeOperatingPartnershipUnitsForCommonStock to label_BasisOfExchangeOperatingPartnershipUnitsForCommonStock" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_OperatingPartnershipUnitsRedemptionAmount" xlink:label="OperatingPartnershipUnitsRedemptionAmount" xlink:title="OperatingPartnershipUnitsRedemptionAmount" />
    <link:label xlink:type="resource" xlink:label="label_OperatingPartnershipUnitsRedemptionAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingPartnershipUnitsRedemptionAmount" xml:lang="en-US" id="label_OperatingPartnershipUnitsRedemptionAmount">Cash consideration on redemption of common OP units</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingPartnershipUnitsRedemptionAmount" xlink:to="label_OperatingPartnershipUnitsRedemptionAmount" xlink:title="label: OperatingPartnershipUnitsRedemptionAmount to label_OperatingPartnershipUnitsRedemptionAmount" />
    <link:label xlink:type="resource" xlink:label="label_OperatingPartnershipUnitsRedemptionAmount_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingPartnershipUnitsRedemptionAmount" xml:lang="en-US" id="label_OperatingPartnershipUnitsRedemptionAmount_2">Operating Partnership Units, Redemption Amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingPartnershipUnitsRedemptionAmount" xlink:to="label_OperatingPartnershipUnitsRedemptionAmount_2" xlink:title="label: OperatingPartnershipUnitsRedemptionAmount to label_OperatingPartnershipUnitsRedemptionAmount" />
    <link:label xlink:type="resource" xlink:label="label_OperatingPartnershipUnitsRedemptionAmount_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperatingPartnershipUnitsRedemptionAmount" xml:lang="en-US" id="label_OperatingPartnershipUnitsRedemptionAmount_3">Represents the amount the entity would have paid in cash to redeem the operating partnership units.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingPartnershipUnitsRedemptionAmount" xlink:to="label_OperatingPartnershipUnitsRedemptionAmount_3" xlink:title="label: OperatingPartnershipUnitsRedemptionAmount to label_OperatingPartnershipUnitsRedemptionAmount" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_RealEstateConsolidatedSelfStoragePropertiesNumber" xlink:label="RealEstateConsolidatedSelfStoragePropertiesNumber" xlink:title="RealEstateConsolidatedSelfStoragePropertiesNumber" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateConsolidatedSelfStoragePropertiesNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateConsolidatedSelfStoragePropertiesNumber" xml:lang="en-US" id="label_RealEstateConsolidatedSelfStoragePropertiesNumber">Real Estate Consolidated Self Storage Properties, Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateConsolidatedSelfStoragePropertiesNumber" xlink:to="label_RealEstateConsolidatedSelfStoragePropertiesNumber" xlink:title="label: RealEstateConsolidatedSelfStoragePropertiesNumber to label_RealEstateConsolidatedSelfStoragePropertiesNumber" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateConsolidatedSelfStoragePropertiesNumber_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RealEstateConsolidatedSelfStoragePropertiesNumber" xml:lang="en-US" id="label_RealEstateConsolidatedSelfStoragePropertiesNumber_2">Number of consolidated self-storage properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateConsolidatedSelfStoragePropertiesNumber" xlink:to="label_RealEstateConsolidatedSelfStoragePropertiesNumber_2" xlink:title="label: RealEstateConsolidatedSelfStoragePropertiesNumber to label_RealEstateConsolidatedSelfStoragePropertiesNumber" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateConsolidatedSelfStoragePropertiesNumber_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RealEstateConsolidatedSelfStoragePropertiesNumber" xml:lang="en-US" id="label_RealEstateConsolidatedSelfStoragePropertiesNumber_3">Represents the number of consolidated self-storage properties as of the balance sheet date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateConsolidatedSelfStoragePropertiesNumber" xlink:to="label_RealEstateConsolidatedSelfStoragePropertiesNumber_3" xlink:title="label: RealEstateConsolidatedSelfStoragePropertiesNumber to label_RealEstateConsolidatedSelfStoragePropertiesNumber" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_PaymentsForRepurchaseOfNoncontrollingInterest" xlink:label="PaymentsForRepurchaseOfNoncontrollingInterest" xlink:title="PaymentsForRepurchaseOfNoncontrollingInterest" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForRepurchaseOfNoncontrollingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForRepurchaseOfNoncontrollingInterest" xml:lang="en-US" id="label_PaymentsForRepurchaseOfNoncontrollingInterest">Payments for Repurchase of Noncontrolling Interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfNoncontrollingInterest" xlink:to="label_PaymentsForRepurchaseOfNoncontrollingInterest" xlink:title="label: PaymentsForRepurchaseOfNoncontrollingInterest to label_PaymentsForRepurchaseOfNoncontrollingInterest" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForRepurchaseOfNoncontrollingInterest_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsForRepurchaseOfNoncontrollingInterest" xml:lang="en-US" id="label_PaymentsForRepurchaseOfNoncontrollingInterest_2">Payment to acquire minority partners' interests in consolidated self-storage properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfNoncontrollingInterest" xlink:to="label_PaymentsForRepurchaseOfNoncontrollingInterest_2" xlink:title="label: PaymentsForRepurchaseOfNoncontrollingInterest to label_PaymentsForRepurchaseOfNoncontrollingInterest" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForRepurchaseOfNoncontrollingInterest_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentsForRepurchaseOfNoncontrollingInterest" xml:lang="en-US" id="label_PaymentsForRepurchaseOfNoncontrollingInterest_3">The cash outflow during the period for redemption of noncontrolling interests.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForRepurchaseOfNoncontrollingInterest" xlink:to="label_PaymentsForRepurchaseOfNoncontrollingInterest_3" xlink:title="label: PaymentsForRepurchaseOfNoncontrollingInterest to label_PaymentsForRepurchaseOfNoncontrollingInterest" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="FairValueDisclosuresAbstract" xlink:title="FairValueDisclosuresAbstract" />
    <link:label xlink:type="resource" xlink:label="label_FairValueDisclosuresAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueDisclosuresAbstract" xml:lang="en-US" id="label_FairValueDisclosuresAbstract">FAIR VALUE DISCLOSURES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueDisclosuresAbstract" xlink:to="label_FairValueDisclosuresAbstract" xlink:title="label: FairValueDisclosuresAbstract to label_FairValueDisclosuresAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="FairValueDisclosuresTextBlock" xlink:title="FairValueDisclosuresTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_FairValueDisclosuresTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueDisclosuresTextBlock" xml:lang="en-US" id="label_FairValueDisclosuresTextBlock">Fair Value Disclosures [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueDisclosuresTextBlock" xlink:to="label_FairValueDisclosuresTextBlock" xlink:title="label: FairValueDisclosuresTextBlock to label_FairValueDisclosuresTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_FairValueDisclosuresTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueDisclosuresTextBlock" xml:lang="en-US" id="label_FairValueDisclosuresTextBlock_2">FAIR VALUE DISCLOSURES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueDisclosuresTextBlock" xlink:to="label_FairValueDisclosuresTextBlock_2" xlink:title="label: FairValueDisclosuresTextBlock to label_FairValueDisclosuresTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="StockholdersEquityNoteAbstract" xlink:title="StockholdersEquityNoteAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StockholdersEquityNoteAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockholdersEquityNoteAbstract" xml:lang="en-US" id="label_StockholdersEquityNoteAbstract">STOCK OFFERING</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockholdersEquityNoteAbstract" xlink:to="label_StockholdersEquityNoteAbstract" xlink:title="label: StockholdersEquityNoteAbstract to label_StockholdersEquityNoteAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_UtahTexas2Properties20110401Member" xlink:label="UtahTexas2Properties20110401Member" xlink:title="UtahTexas2Properties20110401Member" />
    <link:label xlink:type="resource" xlink:label="label_UtahTexas2Properties20110401Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UtahTexas2Properties20110401Member" xml:lang="en-US" id="label_UtahTexas2Properties20110401Member">Utah, Texas, 2 Properties Acquired 4/1/2011</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UtahTexas2Properties20110401Member" xlink:to="label_UtahTexas2Properties20110401Member" xlink:title="label: UtahTexas2Properties20110401Member to label_UtahTexas2Properties20110401Member" />
    <link:label xlink:type="resource" xlink:label="label_UtahTexas2Properties20110401Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UtahTexas2Properties20110401Member" xml:lang="en-US" id="label_UtahTexas2Properties20110401Member_2">Represents the two properties acquired in the state of Utah, Texas on 4/1/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UtahTexas2Properties20110401Member" xlink:to="label_UtahTexas2Properties20110401Member_2" xlink:title="label: UtahTexas2Properties20110401Member to label_UtahTexas2Properties20110401Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_California1Property20110407Member" xlink:label="California1Property20110407Member" xlink:title="California1Property20110407Member" />
    <link:label xlink:type="resource" xlink:label="label_California1Property20110407Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_California1Property20110407Member" xml:lang="en-US" id="label_California1Property20110407Member">California, 1 Property Acquired 2011/04/07</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="California1Property20110407Member" xlink:to="label_California1Property20110407Member" xlink:title="label: California1Property20110407Member to label_California1Property20110407Member" />
    <link:label xlink:type="resource" xlink:label="label_California1Property20110407Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_California1Property20110407Member" xml:lang="en-US" id="label_California1Property20110407Member_2">Represents the property acquired in the state of California on 4/7/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="California1Property20110407Member" xlink:to="label_California1Property20110407Member_2" xlink:title="label: California1Property20110407Member to label_California1Property20110407Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Texas1Property201100415Member" xlink:label="Texas1Property201100415Member" xlink:title="Texas1Property201100415Member" />
    <link:label xlink:type="resource" xlink:label="label_Texas1Property201100415Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Texas1Property201100415Member" xml:lang="en-US" id="label_Texas1Property201100415Member">Texas, 1 Property Acquired 2011/04/15</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Texas1Property201100415Member" xlink:to="label_Texas1Property201100415Member" xlink:title="label: Texas1Property201100415Member to label_Texas1Property201100415Member" />
    <link:label xlink:type="resource" xlink:label="label_Texas1Property201100415Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Texas1Property201100415Member" xml:lang="en-US" id="label_Texas1Property201100415Member_2">Represents the property acquired in the state of Texas on 4/15/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Texas1Property201100415Member" xlink:to="label_Texas1Property201100415Member_2" xlink:title="label: Texas1Property201100415Member to label_Texas1Property201100415Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Colorado1Property20110525Member" xlink:label="Colorado1Property20110525Member" xlink:title="Colorado1Property20110525Member" />
    <link:label xlink:type="resource" xlink:label="label_Colorado1Property20110525Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Colorado1Property20110525Member" xml:lang="en-US" id="label_Colorado1Property20110525Member">Colorado, 1 Property Acquired 2011/05/25</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Colorado1Property20110525Member" xlink:to="label_Colorado1Property20110525Member" xlink:title="label: Colorado1Property20110525Member to label_Colorado1Property20110525Member" />
    <link:label xlink:type="resource" xlink:label="label_Colorado1Property20110525Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Colorado1Property20110525Member" xml:lang="en-US" id="label_Colorado1Property20110525Member_2">Represents the property acquired in the state of Colorado on 5/25/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Colorado1Property20110525Member" xlink:to="label_Colorado1Property20110525Member_2" xlink:title="label: Colorado1Property20110525Member to label_Colorado1Property20110525Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Virginia1Property20110526Member" xlink:label="Virginia1Property20110526Member" xlink:title="Virginia1Property20110526Member" />
    <link:label xlink:type="resource" xlink:label="label_Virginia1Property20110526Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Virginia1Property20110526Member" xml:lang="en-US" id="label_Virginia1Property20110526Member">Virginia, 1 Property Acquired 2011/05/26</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Virginia1Property20110526Member" xlink:to="label_Virginia1Property20110526Member" xlink:title="label: Virginia1Property20110526Member to label_Virginia1Property20110526Member" />
    <link:label xlink:type="resource" xlink:label="label_Virginia1Property20110526Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Virginia1Property20110526Member" xml:lang="en-US" id="label_Virginia1Property20110526Member_2">Represents the property acquired in the state of Virginia on 5/26/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Virginia1Property20110526Member" xlink:to="label_Virginia1Property20110526Member_2" xlink:title="label: Virginia1Property20110526Member to label_Virginia1Property20110526Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NewJersey1Property20110602Member" xlink:label="NewJersey1Property20110602Member" xlink:title="NewJersey1Property20110602Member" />
    <link:label xlink:type="resource" xlink:label="label_NewJersey1Property20110602Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NewJersey1Property20110602Member" xml:lang="en-US" id="label_NewJersey1Property20110602Member">New Jersey, 1 Property Acquired 2011/06/02</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewJersey1Property20110602Member" xlink:to="label_NewJersey1Property20110602Member" xlink:title="label: NewJersey1Property20110602Member to label_NewJersey1Property20110602Member" />
    <link:label xlink:type="resource" xlink:label="label_NewJersey1Property20110602Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NewJersey1Property20110602Member" xml:lang="en-US" id="label_NewJersey1Property20110602Member_2">Represents the property acquired in the state of New Jersey on 6/2/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NewJersey1Property20110602Member" xlink:to="label_NewJersey1Property20110602Member_2" xlink:title="label: NewJersey1Property20110602Member to label_NewJersey1Property20110602Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Colorado1Property20110610Member" xlink:label="Colorado1Property20110610Member" xlink:title="Colorado1Property20110610Member" />
    <link:label xlink:type="resource" xlink:label="label_Colorado1Property20110610Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Colorado1Property20110610Member" xml:lang="en-US" id="label_Colorado1Property20110610Member">Colorado, 1 Property Acquired 2011/06/10</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Colorado1Property20110610Member" xlink:to="label_Colorado1Property20110610Member" xlink:title="label: Colorado1Property20110610Member to label_Colorado1Property20110610Member" />
    <link:label xlink:type="resource" xlink:label="label_Colorado1Property20110610Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Colorado1Property20110610Member" xml:lang="en-US" id="label_Colorado1Property20110610Member_2">Represents the property acquired in the state of Colorado on 6/10/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Colorado1Property20110610Member" xlink:to="label_Colorado1Property20110610Member_2" xlink:title="label: Colorado1Property20110610Member to label_Colorado1Property20110610Member" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireInterestInJointVenture" xlink:label="PaymentsToAcquireInterestInJointVenture" xlink:title="PaymentsToAcquireInterestInJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquireInterestInJointVenture_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsToAcquireInterestInJointVenture" xml:lang="en-US" id="label_PaymentsToAcquireInterestInJointVenture_2">Payments to Acquire Interest in Joint Venture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireInterestInJointVenture" xlink:to="label_PaymentsToAcquireInterestInJointVenture_2" xlink:title="label: PaymentsToAcquireInterestInJointVenture to label_PaymentsToAcquireInterestInJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsToAcquireInterestInJointVenture" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsToAcquireInterestInJointVenture" xml:lang="en-US" id="label_PaymentsToAcquireInterestInJointVenture">Cash paid to obtain joint venture partner's equity interests in joint venture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireInterestInJointVenture" xlink:to="label_PaymentsToAcquireInterestInJointVenture" xlink:title="label: PaymentsToAcquireInterestInJointVenture to label_PaymentsToAcquireInterestInJointVenture" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_StockIssuedDuringPeriodPricePerShareNewIssues" xlink:label="StockIssuedDuringPeriodPricePerShareNewIssues" xlink:title="StockIssuedDuringPeriodPricePerShareNewIssues" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodPricePerShareNewIssues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StockIssuedDuringPeriodPricePerShareNewIssues" xml:lang="en-US" id="label_StockIssuedDuringPeriodPricePerShareNewIssues">Stock Issued During Period Price Per Share New Issues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodPricePerShareNewIssues" xlink:to="label_StockIssuedDuringPeriodPricePerShareNewIssues" xlink:title="label: StockIssuedDuringPeriodPricePerShareNewIssues to label_StockIssuedDuringPeriodPricePerShareNewIssues" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodPricePerShareNewIssues_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StockIssuedDuringPeriodPricePerShareNewIssues" xml:lang="en-US" id="label_StockIssuedDuringPeriodPricePerShareNewIssues_2">Price per share of common stock issued during period (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodPricePerShareNewIssues" xlink:to="label_StockIssuedDuringPeriodPricePerShareNewIssues_2" xlink:title="label: StockIssuedDuringPeriodPricePerShareNewIssues to label_StockIssuedDuringPeriodPricePerShareNewIssues" />
    <link:label xlink:type="resource" xlink:label="label_StockIssuedDuringPeriodPricePerShareNewIssues_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StockIssuedDuringPeriodPricePerShareNewIssues" xml:lang="en-US" id="label_StockIssuedDuringPeriodPricePerShareNewIssues_3">Represents the price per share at which common stock was issued during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StockIssuedDuringPeriodPricePerShareNewIssues" xlink:to="label_StockIssuedDuringPeriodPricePerShareNewIssues_3" xlink:title="label: StockIssuedDuringPeriodPricePerShareNewIssues to label_StockIssuedDuringPeriodPricePerShareNewIssues" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_GrossProceedsFromIssuanceOfCommonStock" xlink:label="GrossProceedsFromIssuanceOfCommonStock" xlink:title="GrossProceedsFromIssuanceOfCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_GrossProceedsFromIssuanceOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrossProceedsFromIssuanceOfCommonStock" xml:lang="en-US" id="label_GrossProceedsFromIssuanceOfCommonStock">Gross Proceeds from Issuance of Common Stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProceedsFromIssuanceOfCommonStock" xlink:to="label_GrossProceedsFromIssuanceOfCommonStock" xlink:title="label: GrossProceedsFromIssuanceOfCommonStock to label_GrossProceedsFromIssuanceOfCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_GrossProceedsFromIssuanceOfCommonStock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrossProceedsFromIssuanceOfCommonStock" xml:lang="en-US" id="label_GrossProceedsFromIssuanceOfCommonStock_2">Gross proceeds from issuance of common stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProceedsFromIssuanceOfCommonStock" xlink:to="label_GrossProceedsFromIssuanceOfCommonStock_2" xlink:title="label: GrossProceedsFromIssuanceOfCommonStock to label_GrossProceedsFromIssuanceOfCommonStock" />
    <link:label xlink:type="resource" xlink:label="label_GrossProceedsFromIssuanceOfCommonStock_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrossProceedsFromIssuanceOfCommonStock" xml:lang="en-US" id="label_GrossProceedsFromIssuanceOfCommonStock_3">Represents the cash inflow from the additional capital raised by the entity through public stock offering.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProceedsFromIssuanceOfCommonStock" xlink:to="label_GrossProceedsFromIssuanceOfCommonStock_3" xlink:title="label: GrossProceedsFromIssuanceOfCommonStock to label_GrossProceedsFromIssuanceOfCommonStock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsOfStockIssuanceCosts" xlink:label="PaymentsOfStockIssuanceCosts" xlink:title="PaymentsOfStockIssuanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfStockIssuanceCosts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsOfStockIssuanceCosts" xml:lang="en-US" id="label_PaymentsOfStockIssuanceCosts_2">Payments of Stock Issuance Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfStockIssuanceCosts" xlink:to="label_PaymentsOfStockIssuanceCosts_2" xlink:title="label: PaymentsOfStockIssuanceCosts to label_PaymentsOfStockIssuanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsOfStockIssuanceCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsOfStockIssuanceCosts" xml:lang="en-US" id="label_PaymentsOfStockIssuanceCosts">Transaction costs of stock issuance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfStockIssuanceCosts" xlink:to="label_PaymentsOfStockIssuanceCosts" xlink:title="label: PaymentsOfStockIssuanceCosts to label_PaymentsOfStockIssuanceCosts" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:title="OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xml:lang="en-US" id="label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">ORGANIZATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:title="label: OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract to label_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="BusinessCombinationsAbstract" xlink:title="BusinessCombinationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_BusinessCombinationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessCombinationsAbstract" xml:lang="en-US" id="label_BusinessCombinationsAbstract">PROPERTY ACQUISITIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessCombinationsAbstract" xlink:to="label_BusinessCombinationsAbstract" xlink:title="label: BusinessCombinationsAbstract to label_BusinessCombinationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NoncontrollingInterestAbstract" xlink:label="NoncontrollingInterestAbstract" xlink:title="NoncontrollingInterestAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestAbstract" xml:lang="en-US" id="label_NoncontrollingInterestAbstract">OTHER NONCONTROLLING INTERESTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestAbstract" xlink:to="label_NoncontrollingInterestAbstract" xlink:title="label: NoncontrollingInterestAbstract to label_NoncontrollingInterestAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="SubsequentEventsAbstract" xlink:title="SubsequentEventsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentEventsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventsAbstract" xml:lang="en-US" id="label_SubsequentEventsAbstract">SUBSEQUENT EVENTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventsAbstract" xlink:to="label_SubsequentEventsAbstract" xlink:title="label: SubsequentEventsAbstract to label_SubsequentEventsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="SubsequentEventsTextBlock" xlink:title="SubsequentEventsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentEventsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsequentEventsTextBlock" xml:lang="en-US" id="label_SubsequentEventsTextBlock">SUBSEQUENT EVENTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventsTextBlock" xlink:to="label_SubsequentEventsTextBlock" xlink:title="label: SubsequentEventsTextBlock to label_SubsequentEventsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentEventsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventsTextBlock" xml:lang="en-US" id="label_SubsequentEventsTextBlock_2">Subsequent Events [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventsTextBlock" xlink:to="label_SubsequentEventsTextBlock_2" xlink:title="label: SubsequentEventsTextBlock to label_SubsequentEventsTextBlock" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="AccountingPoliciesAbstract" xlink:title="AccountingPoliciesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccountingPoliciesAbstract" xml:lang="en-US" id="label_AccountingPoliciesAbstract">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccountingPoliciesAbstract" xlink:to="label_AccountingPoliciesAbstract" xlink:title="label: AccountingPoliciesAbstract to label_AccountingPoliciesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="RealEstateAbstract" xlink:title="RealEstateAbstract" />
    <link:label xlink:type="resource" xlink:label="label_RealEstateAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RealEstateAbstract" xml:lang="en-US" id="label_RealEstateAbstract">REAL ESTATE ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealEstateAbstract" xlink:to="label_RealEstateAbstract" xlink:title="label: RealEstateAbstract to label_RealEstateAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="EquityMethodInvestmentsAndJointVenturesAbstract" xlink:title="EquityMethodInvestmentsAndJointVenturesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMethodInvestmentsAndJointVenturesAbstract" xml:lang="en-US" id="label_EquityMethodInvestmentsAndJointVenturesAbstract">INVESTMENTS IN REAL ESTATE VENTURES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMethodInvestmentsAndJointVenturesAbstract" xlink:to="label_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:title="label: EquityMethodInvestmentsAndJointVenturesAbstract to label_EquityMethodInvestmentsAndJointVenturesAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="DebtDisclosureAbstract" xlink:title="DebtDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DebtDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtDisclosureAbstract" xml:lang="en-US" id="label_DebtDisclosureAbstract">NOTES PAYABLE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtDisclosureAbstract" xlink:to="label_DebtDisclosureAbstract" xlink:title="label: DebtDisclosureAbstract to label_DebtDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="RelatedPartyTransactionsAbstract" xlink:title="RelatedPartyTransactionsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RelatedPartyTransactionsAbstract" xml:lang="en-US" id="label_RelatedPartyTransactionsAbstract">RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RelatedPartyTransactionsAbstract" xlink:to="label_RelatedPartyTransactionsAbstract" xlink:title="label: RelatedPartyTransactionsAbstract to label_RelatedPartyTransactionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:title="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xml:lang="en-US" id="label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">STOCK-BASED COMPENSATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:title="label: DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract to label_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="IncomeTaxDisclosureAbstract" xlink:title="IncomeTaxDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxDisclosureAbstract" xml:lang="en-US" id="label_IncomeTaxDisclosureAbstract">INCOME TAXES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxDisclosureAbstract" xlink:to="label_IncomeTaxDisclosureAbstract" xlink:title="label: IncomeTaxDisclosureAbstract to label_IncomeTaxDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="CompensationAndRetirementDisclosureAbstract" xlink:title="CompensationAndRetirementDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CompensationAndRetirementDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CompensationAndRetirementDisclosureAbstract" xml:lang="en-US" id="label_CompensationAndRetirementDisclosureAbstract">EMPLOYEE BENEFIT PLAN</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompensationAndRetirementDisclosureAbstract" xlink:to="label_CompensationAndRetirementDisclosureAbstract" xlink:title="label: CompensationAndRetirementDisclosureAbstract to label_CompensationAndRetirementDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="QuarterlyFinancialInformationDisclosureAbstract" xlink:title="QuarterlyFinancialInformationDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_QuarterlyFinancialInformationDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_QuarterlyFinancialInformationDisclosureAbstract" xml:lang="en-US" id="label_QuarterlyFinancialInformationDisclosureAbstract">SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="QuarterlyFinancialInformationDisclosureAbstract" xlink:to="label_QuarterlyFinancialInformationDisclosureAbstract" xlink:title="label: QuarterlyFinancialInformationDisclosureAbstract to label_QuarterlyFinancialInformationDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasicAndDilutedAbstract" xlink:label="EarningsPerShareBasicAndDilutedAbstract" xlink:title="EarningsPerShareBasicAndDilutedAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EarningsPerShareBasicAndDilutedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EarningsPerShareBasicAndDilutedAbstract" xml:lang="en-US" id="label_EarningsPerShareBasicAndDilutedAbstract">Earnings Per Share, Basic and Diluted [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EarningsPerShareBasicAndDilutedAbstract" xlink:to="label_EarningsPerShareBasicAndDilutedAbstract" xlink:title="label: EarningsPerShareBasicAndDilutedAbstract to label_EarningsPerShareBasicAndDilutedAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_NetIncomePerCommonShareDisclosureAbstract" xlink:label="NetIncomePerCommonShareDisclosureAbstract" xlink:title="NetIncomePerCommonShareDisclosureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NetIncomePerCommonShareDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetIncomePerCommonShareDisclosureAbstract" xml:lang="en-US" id="label_NetIncomePerCommonShareDisclosureAbstract">NET INCOME PER COMMON SHARE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncomePerCommonShareDisclosureAbstract" xlink:to="label_NetIncomePerCommonShareDisclosureAbstract" xlink:title="label: NetIncomePerCommonShareDisclosureAbstract to label_NetIncomePerCommonShareDisclosureAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsAbstract" xlink:label="OtherAssetsAbstract" xlink:title="OtherAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsAbstract" xml:lang="en-US" id="label_OtherAssetsAbstract">OTHER ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsAbstract" xlink:to="label_OtherAssetsAbstract" xlink:title="label: OtherAssetsAbstract to label_OtherAssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_MinorityInterestDecreaseFromRedemptionsShares" xlink:label="MinorityInterestDecreaseFromRedemptionsShares" xlink:title="MinorityInterestDecreaseFromRedemptionsShares" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromRedemptionsShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinorityInterestDecreaseFromRedemptionsShares" xml:lang="en-US" id="label_MinorityInterestDecreaseFromRedemptionsShares">Redemption of Operating Partnership units for common stock (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromRedemptionsShares" xlink:to="label_MinorityInterestDecreaseFromRedemptionsShares" xlink:title="label: MinorityInterestDecreaseFromRedemptionsShares to label_MinorityInterestDecreaseFromRedemptionsShares" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromRedemptionsShares_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestDecreaseFromRedemptionsShares" xml:lang="en-US" id="label_MinorityInterestDecreaseFromRedemptionsShares_2">Minority Interest (Decrease) from Redemptions Shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromRedemptionsShares" xlink:to="label_MinorityInterestDecreaseFromRedemptionsShares_2" xlink:title="label: MinorityInterestDecreaseFromRedemptionsShares to label_MinorityInterestDecreaseFromRedemptionsShares" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromRedemptionsShares_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinorityInterestDecreaseFromRedemptionsShares" xml:lang="en-US" id="label_MinorityInterestDecreaseFromRedemptionsShares_3">This element represent as Redemption of Operating Partnership units for common stock.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromRedemptionsShares" xlink:to="label_MinorityInterestDecreaseFromRedemptionsShares_3" xlink:title="label: MinorityInterestDecreaseFromRedemptionsShares to label_MinorityInterestDecreaseFromRedemptionsShares" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Nevada1Property201100622Member" xlink:label="Nevada1Property201100622Member" xlink:title="Nevada1Property201100622Member" />
    <link:label xlink:type="resource" xlink:label="label_Nevada1Property201100622Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Nevada1Property201100622Member" xml:lang="en-US" id="label_Nevada1Property201100622Member">Nevada, 1 Property Acquired 2011/06/22</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Nevada1Property201100622Member" xlink:to="label_Nevada1Property201100622Member" xlink:title="label: Nevada1Property201100622Member to label_Nevada1Property201100622Member" />
    <link:label xlink:type="resource" xlink:label="label_Nevada1Property201100622Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Nevada1Property201100622Member" xml:lang="en-US" id="label_Nevada1Property201100622Member_2">Represents the property acquired in the state of Nevada on 06/22/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Nevada1Property201100622Member" xlink:to="label_Nevada1Property201100622Member_2" xlink:title="label: Nevada1Property201100622Member to label_Nevada1Property201100622Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Tennessee1Property201100415Member" xlink:label="Tennessee1Property201100415Member" xlink:title="Tennessee1Property201100415Member" />
    <link:label xlink:type="resource" xlink:label="label_Tennessee1Property201100415Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Tennessee1Property201100415Member" xml:lang="en-US" id="label_Tennessee1Property201100415Member">Tennessee, 1 Property Acquired 2011/04/15</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Tennessee1Property201100415Member" xlink:to="label_Tennessee1Property201100415Member" xlink:title="label: Tennessee1Property201100415Member to label_Tennessee1Property201100415Member" />
    <link:label xlink:type="resource" xlink:label="label_Tennessee1Property201100415Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Tennessee1Property201100415Member" xml:lang="en-US" id="label_Tennessee1Property201100415Member_2">Represents the property acquired in the state of Nevada on 06/22/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Tennessee1Property201100415Member" xlink:to="label_Tennessee1Property201100415Member_2" xlink:title="label: Tennessee1Property201100415Member to label_Tennessee1Property201100415Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_OhioIndianaKentucky15Properties20110627Member" xlink:label="OhioIndianaKentucky15Properties20110627Member" xlink:title="OhioIndianaKentucky15Properties20110627Member" />
    <link:label xlink:type="resource" xlink:label="label_OhioIndianaKentucky15Properties20110627Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OhioIndianaKentucky15Properties20110627Member" xml:lang="en-US" id="label_OhioIndianaKentucky15Properties20110627Member">Ohio, Indiana , Kentucky, 15 Properties Acquired 2011/06/27</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OhioIndianaKentucky15Properties20110627Member" xlink:to="label_OhioIndianaKentucky15Properties20110627Member" xlink:title="label: OhioIndianaKentucky15Properties20110627Member to label_OhioIndianaKentucky15Properties20110627Member" />
    <link:label xlink:type="resource" xlink:label="label_OhioIndianaKentucky15Properties20110627Member_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OhioIndianaKentucky15Properties20110627Member" xml:lang="en-US" id="label_OhioIndianaKentucky15Properties20110627Member_2">Represents the properties acquired in the state of Ohio, Indiana, kentucky on 06/27/2011.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OhioIndianaKentucky15Properties20110627Member" xlink:to="label_OhioIndianaKentucky15Properties20110627Member_2" xlink:title="label: OhioIndianaKentucky15Properties20110627Member to label_OhioIndianaKentucky15Properties20110627Member" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_MinorityInterestDecreaseFromCashRedemptions" xlink:label="MinorityInterestDecreaseFromCashRedemptions" xlink:title="MinorityInterestDecreaseFromCashRedemptions" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromCashRedemptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestDecreaseFromCashRedemptions" xml:lang="en-US" id="label_MinorityInterestDecreaseFromCashRedemptions">Minority Interest (Decrease) from Cash Redemptions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromCashRedemptions" xlink:to="label_MinorityInterestDecreaseFromCashRedemptions" xlink:title="label: MinorityInterestDecreaseFromCashRedemptions to label_MinorityInterestDecreaseFromCashRedemptions" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromCashRedemptions_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinorityInterestDecreaseFromCashRedemptions" xml:lang="en-US" id="label_MinorityInterestDecreaseFromCashRedemptions_2">Decrease in noncontrolling interest balance from payment of cash dividends by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromCashRedemptions" xlink:to="label_MinorityInterestDecreaseFromCashRedemptions_2" xlink:title="label: MinorityInterestDecreaseFromCashRedemptions to label_MinorityInterestDecreaseFromCashRedemptions" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestDecreaseFromCashRedemptions_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_MinorityInterestDecreaseFromCashRedemptions" xml:lang="en-US" id="label_MinorityInterestDecreaseFromCashRedemptions_3">Redemption of Operating Partnership units for cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestDecreaseFromCashRedemptions" xlink:to="label_MinorityInterestDecreaseFromCashRedemptions_3" xlink:title="label: MinorityInterestDecreaseFromCashRedemptions to label_MinorityInterestDecreaseFromCashRedemptions" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="SubsequentEventTable" xlink:title="SubsequentEventTable" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentEventTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventTable" xml:lang="en-US" id="label_SubsequentEventTable">Subsequent Event [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventTable" xlink:to="label_SubsequentEventTable" xlink:title="label: SubsequentEventTable to label_SubsequentEventTable" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="SubsequentEventTypeAxis" xlink:title="SubsequentEventTypeAxis" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentEventTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventTypeAxis" xml:lang="en-US" id="label_SubsequentEventTypeAxis">Subsequent Event Type [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventTypeAxis" xlink:to="label_SubsequentEventTypeAxis" xlink:title="label: SubsequentEventTypeAxis to label_SubsequentEventTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="SubsequentEventTypeDomain" xlink:title="SubsequentEventTypeDomain" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentEventTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventTypeDomain" xml:lang="en-US" id="label_SubsequentEventTypeDomain">Subsequent Event Type [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventTypeDomain" xlink:to="label_SubsequentEventTypeDomain" xlink:title="label: SubsequentEventTypeDomain to label_SubsequentEventTypeDomain" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AcquisitionMember" xlink:label="AcquisitionMember" xlink:title="AcquisitionMember" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionMember" xml:lang="en-US" id="label_AcquisitionMember">Acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionMember" xlink:to="label_AcquisitionMember" xlink:title="label: AcquisitionMember to label_AcquisitionMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Maryland1PropertyMember" xlink:label="Maryland1PropertyMember" xlink:title="Maryland1PropertyMember" />
    <link:label xlink:type="resource" xlink:label="label_Maryland1PropertyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Maryland1PropertyMember" xml:lang="en-US" id="label_Maryland1PropertyMember">Maryland 1 Property Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Maryland1PropertyMember" xlink:to="label_Maryland1PropertyMember" xlink:title="label: Maryland1PropertyMember to label_Maryland1PropertyMember" />
    <link:label xlink:type="resource" xlink:label="label_Maryland1PropertyMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Maryland1PropertyMember" xml:lang="en-US" id="label_Maryland1PropertyMember_2">Represents the one property acquired in the state of Maryland.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Maryland1PropertyMember" xlink:to="label_Maryland1PropertyMember_2" xlink:title="label: Maryland1PropertyMember to label_Maryland1PropertyMember" />
    <link:loc xlink:type="locator" xlink:href="exr-20110630.xsd#exr_Texas1PropertyMember" xlink:label="Texas1PropertyMember" xlink:title="Texas1PropertyMember" />
    <link:label xlink:type="resource" xlink:label="label_Texas1PropertyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Texas1PropertyMember" xml:lang="en-US" id="label_Texas1PropertyMember">Texas 1 property acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Texas1PropertyMember" xlink:to="label_Texas1PropertyMember" xlink:title="label: Texas1PropertyMember to label_Texas1PropertyMember" />
    <link:label xlink:type="resource" xlink:label="label_Texas1PropertyMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Texas1PropertyMember" xml:lang="en-US" id="label_Texas1PropertyMember_2">Represents the one property acquired in the state of Texas.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Texas1PropertyMember" xlink:to="label_Texas1PropertyMember_2" xlink:title="label: Texas1PropertyMember to label_Texas1PropertyMember" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="SubsequentEventLineItems" xlink:title="SubsequentEventLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentEventLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SubsequentEventLineItems" xml:lang="en-US" id="label_SubsequentEventLineItems">Subsequent event</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventLineItems" xlink:to="label_SubsequentEventLineItems" xlink:title="label: SubsequentEventLineItems to label_SubsequentEventLineItems" />
    <link:label xlink:type="resource" xlink:label="label_SubsequentEventLineItems_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SubsequentEventLineItems" xml:lang="en-US" id="label_SubsequentEventLineItems_2">Subsequent Event [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubsequentEventLineItems" xlink:to="label_SubsequentEventLineItems_2" xlink:title="label: SubsequentEventLineItems to label_SubsequentEventLineItems" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MinorityInterestInNetIncomeLossOtherMinorityInterests" xlink:label="MinorityInterestInNetIncomeLossOtherMinorityInterests" xlink:title="MinorityInterestInNetIncomeLossOtherMinorityInterests" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInNetIncomeLossOtherMinorityInterests" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_MinorityInterestInNetIncomeLossOtherMinorityInterests" xml:lang="en-US" id="label_MinorityInterestInNetIncomeLossOtherMinorityInterests">Distributions to other noncontrolling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInNetIncomeLossOtherMinorityInterests" xlink:to="label_MinorityInterestInNetIncomeLossOtherMinorityInterests" xlink:title="label: MinorityInterestInNetIncomeLossOtherMinorityInterests to label_MinorityInterestInNetIncomeLossOtherMinorityInterests" />
    <link:label xlink:type="resource" xlink:label="label_MinorityInterestInNetIncomeLossOtherMinorityInterests_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinorityInterestInNetIncomeLossOtherMinorityInterests" xml:lang="en-US" id="label_MinorityInterestInNetIncomeLossOtherMinorityInterests_2">Net Income (Loss) Attributable to Noncontrolling Interest, Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinorityInterestInNetIncomeLossOtherMinorityInterests" xlink:to="label_MinorityInterestInNetIncomeLossOtherMinorityInterests_2" xlink:title="label: MinorityInterestInNetIncomeLossOtherMinorityInterests to label_MinorityInterestInNetIncomeLossOtherMinorityInterests" />
  </link:labelLink>
</link:linkbase>
</XBRL>
