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 Annual Report on Form 10-K of Public Storage  Properties
V, Ltd. (the  "Partnership")  for the year ended December 31, 2008 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:    March 25, 2009

/s/  John Reyes
- ------------------------------------
Name:    John Reyes
Title:   Chief Financial Officer of Public Storage,
         Corporate General Partner
Date:    March 25, 2009

This  certification  accompanies  the  Report  pursuant  to  Section  906 of the
Sarbanes-Oxley  Act of 2002 and shall not,  except to the extent required by the
Sarbanes-Oxley  Act of 2002, be deemed filed by the  Partnership for purposes of
ss.18 of the Securities Exchange Act of 1934, as amended.

A  signed  original  of  this  written  statement  required  by  ss.906  of  the
Sarbanes-Oxley  Act of 2002 has been  provided to the  Partnership,  and will be
retained and furnished to the SEC or its staff upon request.