InStorage REIT Announces January Distribution

    TORONTO, Jan. 18 /CNW/ - InStorage Real Estate Investment Trust (the
"REIT") announced today that its distribution for the month of January 2008 is
$0.006041667 per REIT Unit. The distribution will be paid on February 15, 2008
to unitholders of record at the close of business on January 31, 2008. Holders
of exchangeable units of InStorage Limited Partnership will receive a
corresponding distribution.
    At the close of business on January 17, 2008, InStorage had 186,500,281
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 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.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    %SEDAR: 00024106E

For further information:

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

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