InStorage Real Estate Investment Trust
TSX VENTURE : IS.UN

InStorage Real Estate Investment Trust

December 17, 2007 15:12 ET

InStorage REIT Announces December Distribution

TORONTO, ONTARIO—-(Marketwire – Dec. 17, 2007) -

Attention Business/Financial Editors:

InStorage Real Estate Investment Trust (the "REIT") announced today that its distribution for the month of December 2007 is $0.006041667 per REIT Unit. The distribution will be paid on January 15, 2008 to unitholders of record at the close of business on December 31, 2007. Holders of exchangeable units of InStorage Limited Partnership will receive a corresponding distribution.

At the close of business on December 14, 2007, InStorage had 186,489,281 REIT units outstanding. As of the same date, InStorage Limited Partnership had 10,001,617 Class B LP Units and 5,900,000 Class C LP Units outstanding. Both Class B LP Units and Class C LP Units are exchangeable into trust units of InStorage REIT on a one-for-one basis.

InStorage Real Estate Investment Trust

The REIT is an unincorporated open-ended real estate investment trust that invests primarily in self-storage properties and ancillary businesses throughout Canada. The REIT is the largest owner/operator of self storage facilities in Canada and is the country's leading self-storage industry consolidator, with a current portfolio of 52 seelf-storage properties locate in Alberta, Saskatchewan, Ontario and Quebec.

Additional information concerning the REIT may be obtained on the REIT's website, www.instoragereit.ca, and on the SEDAR website at www.sedar.com, under the REIT's profile.

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