InStorage REIT Announces February 2008 Distribution

    TORONTO, Feb. 20 /CNW/ - (TSX: IS.UN) InStorage Real Estate Investment
Trust (the "REIT") 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,, and on the SEDAR website at,
under the REIT's profile.

    %SEDAR: 00024106E

For further information:

For further information: Alay Shah, CFO, (416) 867-9740 or

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