Exhibit 32

                    CERTIFICATION OF CEO AND CFO PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In  connection  with  the  Quarterly  Report  on  Form  10-Q of  Public  Storage
Properties V, Ltd. (the  "Partnership")  for the quarterly period ended June 30,
2007 as filed with the  Securities  and Exchange  Commission  on the date hereof
(the  "Report"),  Ronald L. Havner,  Jr., as Chief  Executive  Officer of Public
Storage,  corporate general partner,  and John Reyes, as Chief Financial Officer
of Public Storage, corporate general partner, each hereby certifies, pursuant to
18 U.S.C.  ss.1350,  as adopted pursuant to ss.906 of the  Sarbanes-Oxley Act of
2002, that:

(1)    The Report fully complies with the requirements of Section 13(a) or 15(d)
       of the Securities Exchange Act of 1934; and

(2)    The information  contained in the Report fairly presents, in all material
       respects,  the  financial  condition  and  results of  operations  of the
       Partnership.

/s/  Ronald L. Havner, Jr.
- ------------------------------------
Name:    Ronald L. Havner, Jr.
Title:   Chief Executive Officer of Public Storage
         Corporate General Partner
Date:    August 13, 2007

/s/  John Reyes
- ------------------------------------
Name:    John Reyes
Title:   Chief Financial Officer of Public Storage
         Corporate General Partner
Date:    August 13, 2007