Industry Leading Self Storage Solutions Provider to Become Part of InStorage REIT

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Stor edge self storage is pleased to announce that it will become part of InStorage Real Estate Investment Trust (TSXV: IS.UN).

By becoming part of InStorage, Stor edge has achieved a major milestone. This move facilitates our ability to grow and will take our business to the next level. We'll become part of a larger family, working to become the industry leader in customer satisfaction and the premier self storage solutions provider for both residential and commercial users.

Stor edge self storage (http://www.storedge.com) is pleased to announce that it will become part of InStorage Real Estate Investment Trust (TSXV: IS.UN). The transaction is expected to close on February 15, 2007, subject to normal closing conditions.

InStorage REIT is the only Canadian real estate investment trust focused exclusively on ownership and management of self-storage facilities. It is already one of Canada's largest owners of self-storage facilities with 24 self-storage properties owned and/or managed in Ontario and Alberta. With the addition of Stor edge's 10 facilities in western Canada, InStorage will solidify its position as the second largest self-storage company in Canada.

"We are tremendously excited to be joining InStorage," said Bill Roberts, Vice President of Stor edge self storage Group of Companies. "Our businesses are a good fit. We have similar goals - to set new standards in service excellence and product offerings as we grow our business throughout the country. We both own and operate locations in small towns and large cities, and enjoy a widely diversified customer base. "

Roberts added, "By becoming part of InStorage, Stor edge has achieved a major milestone. This move facilitates our ability to grow and will take our business to the next level. We'll become part of a larger family, working to become the industry leader in customer satisfaction and the premier self storage solutions provider for both residential and commercial users."

About InStorage Real Estate Investment Trust

InStorage 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 and operates 24 self-storage properties located in Ontario and Alberta. To learn more about InStorage REIT, visit http://www.InStorageREIT.ca

About Stor edge self storage

Stor edge self storage is a leading self storage service provider in western Canada. The company provides modern, state-of-the-art facilities for home or business featuring 100% drive-up access and advanced security including individually alarmed units. Stor edge was created in 2001 by Bill and Archie Roberts, with the first store opening in Calgary in September 2003. The company has consecutively won the Calgary Consumers' Choice Award for Business Excellence for 2004, 2005 and 2006.

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Bill Roberts
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