InStorage Real Estate Investment Trust
TSX VENTURE : IS.UN

InStorage Real Estate Investment Trust

February 20, 2008 16:09 ET

InStorage REIT Announces February 2008 Distribution

TORONTO, ONTARIO—-(Marketwire – Feb. 20, 2008) -

Attention Business/Financial Editors:

InStorage Real Estate Investment Trust (the "REIT")(TSX:IS.UN) announced today that its distribution for the month of February 2008 will be $0.04833334 per REIT Unit. The distribution will be paid on March 14, 2008 to unitholders of record at the close of business on February 29, 2008. Holders of exchangeable units of InStorage Limited Partnership will receive a corresponding distribution.

Following an eight-to-one (8:1) unit consolidation prior to the opening of markets on February 20, 2008, InStorage had approximately 23,220,764 REIT units, 1,381,001 Class B LP Units and 737,500 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 self-storage properties located 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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