Instorage REIT Announces March 2007 Distribution

    TORONTO, March 20 /CNW/ - InStorage Real Estate Investment Trust (the
"REIT") announced today that its distribution for the month of March 2007 is
$0.006041667 per REIT Unit. The distribution will be paid on April 16, 2007 to
unitholders of record at the close of business on March 31, 2007. Holders of
exchangeable units of InStorage Limited Partnership will receive a
corresponding distribution.

    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 indirectly owns 24 self-storage properties located
in Ontario and Alberta, and is the second largest owner/operator of self
storage facilities in Canada.
    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: John Bartkiw, CFO (416) 867-9702, or

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