PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- SELF-STORAGE FACILITIES 1/81 Newport News/Jefferson Avenue I $993,000 $108,000 $1,071,000 $357,000 1/81 Virginia Beach/Diamond Springs 1,081,000 186,000 1,094,000 358,000 8/81 San Jose/Snell 312,000 1,815,000 242,000 10/81 Tampa/Lazy Lane 282,000 1,899,000 455,000 11/81 Hayward/Whipple 463,000 1,970,000 257,000 6/82 San Jose/Tully I 1,405,000 645,000 1,579,000 344,000 6/82 San Carlos/Shoreway Rd. 1,704,000 780,000 1,387,000 328,000 6/82 Mountain View 2,405,000 1,180,000 1,182,000 429,000 6/82 Cupertino/Storage 1,886,000 572,000 1,270,000 283,000 10/82 Sorrento Valley 1,734,000 1,002,000 1,343,000 121,000 10/82 Northwood 2,578,000 1,034,000 1,522,000 102,000 3/85 Houston/Westheimer 835,000 850,000 1,179,000 629,000 3/86 Tampa/56th 738,000 450,000 1,360,000 276,000 12/86 Monrovia/Myrtle Avenue 1,946,000 1,149,000 2,446,000 117,000 12/86 Chatsworth/Topanga 1,284,000 1,447,000 1,243,000 160,000 12/86 Houston/Larkwood 429,000 246,000 602,000 256,000 12/86 Northridge 2,931,000 3,624,000 1,922,000 230,000 12/86 Santa Clara/Duane 1,204,000 1,950,000 1,004,000 242,000 12/86 Oyster Point 1,569,000 1,490,000 227,000 12/86 Walnut A 767,000 613,000 106,000 6/88 Mesquite/Sorrento Drive 928,000 1,011,000 590,000 3/92 Dallas/Walnut St. 537,000 1,008,000 134,000 5/92 Camp Creek 576,000 1,075,000 70,000 8/92 Tampa/N.Dale Mabry 808,000 1,537,000 144,000 9/92 Orlando/W. Colonial 368,000 713,000 40,000 9/92 Jacksonville/Arlington 554,000 1,065,000 55,000 10/92 Stockton/Mariners 381,000 730,000 33,000 1/92 Costa Mesa II 533,000 980,000 561,000 11/92 Virginia Beach/General Booth Blvd 599,000 1,119,000 47,000 1/93 Redwood City/Storage 907,000 1,684,000 106,000 1/93 City Of Industry 1,611,000 2,991,000 393,000 1/93 San Jose/Felipe II 1,124,000 2,088,000 126,000 1/93 Baldwin Park/Garvey Ave 840,000 1,561,000 85,000 3/93 Westminister/W. 80th 840,000 1,586,000 62,000 5/93 Austin /N. Lamar Blvd. III 919,000 1,695,000 65,000 7/93 Austin/So. Congress Ave 777,000 1,445,000 174,000 6/93 Citrus Heights/Sylvan Road 438,000 822,000 87,000 F-24 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 5/93 Jacksonville/Phillips Hwy. 406,000 771,000 48,000 5/93 Tampa/Nebraska Avenue 550,000 1,043,000 28,000 4/93 Costa Mesa/Newport 969,000 2,141,000 3,989,000 119,000 6/93 Calabasas/Ventura Blvd. 1,762,000 3,269,000 98,000 6/93 Carmichael/Fair Oaks 573,000 1,052,000 57,000 6/93 Santa Clara/Duane II 454,000 834,000 16,000 6/93 Trenton/Allen Road 623,000 1,166,000 54,000 6/93 Los Angeles/W.Jefferson Blvd 1,085,000 2,017,000 29,000 8/93 So. Brunswick/Highway 1 1,076,000 2,033,000 98,000 8/93 Atlanta/Northside Dr. 1,150,000 2,149,000 38,000 8/93 Smyrna/ Roswell Rd 446,000 842,000 62,000 8/93 Gaithersburg/E. Diamond 602,000 1,139,000 74,000 8/93 Austin/N. Lamar IV 502,000 941,000 25,000 10/93 Denver/Federal Blvd 875,000 1,633,000 34,000 10/93 Citrus Heights/San Juan 527,000 987,000 26,000 10/93 Lakewood/6th Ave 798,000 1,489,000 20,000 11/93 Upland/S. Euclid Ave. 431,000 807,000 302,000 10/93 Houston/S Shaver St 481,000 896,000 75,000 12/93 Salt Lake City/E. 3900 South St. 765,000 1,422,000 181,000 12/93 West Valley City/West 3500 S. 682,000 1,276,000 63,000 11/93 Norcross/Jimmy Carter Blvd. 626,000 1,167,000 67,000 11/93 Seattle/13th 1,085,000 2,015,000 227,000 12/93 Pinellas Park/34th St. W 607,000 1,134,000 77,000 1/94 Herndon/Centreville Road 1,584,000 2,981,000 32,000 12/93 New Orleans/S. Carrollton Ave 1,575,000 2,941,000 44,000 12/93 Orange/Main II 1,238,000 2,317,000 1,284,000 12/93 Sunnyvale/Weddell Dr. 554,000 1,037,000 635,000 12/93 El Cajon/Magnolia 421,000 791,000 442,000 12/93 Orlando/S. Semoran Blvd. 462,000 872,000 514,000 12/93 Tampa/W. Hillsborough Ave 352,000 665,000 317,000 12/93 Irving/North Loop 12 341,000 643,000 65,000 12/93 Fullerton/W. Commonwealth 904,000 1,687,000 931,000 12/93 N. Lauderdale/McNab Rd 628,000 1,182,000 612,000 12/93 Los Alamitos/Cerritos 695,000 1,299,000 636,000 12/93 Frederick/Prospect Blvd. 573,000 1,082,000 452,000 12/93 Indianapolis/E. Washington 403,000 775,000 350,000 12/93 Gardena/Western Ave. 552,000 1,035,000 479,000 12/93 Palm Bay/Babcock Street 409,000 775,000 406,000 1/94 Hialeah/W. 20th Ave. 1,855,000 3,497,000 72,000 1/94 Sunnyvale/N. Fair Oaks Ave 689,000 1,285,000 235,000 F-25 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 1/94 Honolulu/Iwaena 1,182,000 2,200,000 492,000 1/94 Miami/Golden Glades 579,000 1,081,000 241,000 2/94 LasVegas/S.MartinLutherKing Blvd 1,383,000 2,592,000 922,000 2/94 Arlingtn/Old Jeffersn Davishwy 735,000 1,399,000 67,000 3/94 Portland/SW Barnes Road 942,000 1,810,000 37,000 3/94 Hypoluxo 735,000 1,404,000 1,017,000 3/94 Austin/Arboretum 473,000 897,000 40,000 3/94 Tinton Falls/Shrewsbury Ave 1,074,000 2,033,000 87,000 3/94 East Brunswick/Milltown Road 1,282,000 2,411,000 104,000 3/94 Mercerville/Quakerbridge Road 1,109,000 2,111,000 33,000 4/94 No. Highlands/Roseville Road 980,000 1,835,000 64,000 5/94 Fort Pierce/Okeechobee Road 438,000 842,000 36,000 6/94 Chattanooga/Brainerd Road 613,000 1,170,000 33,000 6/94 Chattanooga/Ringgold Road 761,000 1,433,000 71,000 5/94 Hempstead/Peninsula Blvd. 2,053,000 3,832,000 57,000 5/94 LA/Huntington 483,000 905,000 33,000 6/94 Las Vegas/Tropicana II 750,000 1,408,000 54,000 6/94 Henderson/Green Valley Pkwy 1,047,000 1,960,000 54,000 6/94 Las Vegas/S. Valley View Blvd 837,000 1,571,000 55,000 6/94 Las Vegas/N. Lamb Blvd. 869,000 1,629,000 75,000 6/94 Birmingham/W. Oxmoor Road 532,000 1,004,000 204,000 7/94 Milpitas/Dempsey Road 1,260,000 2,358,000 79,000 9/94 Huntsville/Old Monrovia Road 613,000 1,157,000 47,000 9/94 West Haven/Bull Hill Lane 455,000 873,000 42,000 3/95 Everett/Highway 99 South 859,000 2,022,000 100,000 3/95 Burien/1st Ave South 763,000 1,783,000 150,000 3/95 Kent/South 238th Street 763,000 1,783,000 125,000 10/94 Davie/State Road 84 744,000 1,467,000 784,000 10/94 Alcoa/Airport Plaza Drive 543,000 1,017,000 33,000 10/94 Carrollton/Marsh Lane 770,000 1,437,000 1,300,000 10/94 Sherman Oaks/Van Nuys Blvd 1,278,000 2,461,000 839,000 12/94 Salt Lake City/West North Temple 490,000 917,000 51,000 5/95 Sandy/S. State Street 1,042,000 2,442,000 130,000 8/94 New Orleans/I-10 784,000 1,470,000 18,000 8/94 Beaverton/S.W. Denny Road 663,000 1,245,000 12,000 8/94 Irwindale/Central Ave. 674,000 1,263,000 16,000 8/94 Suitland/St. Barnabas Rd 1,530,000 2,913,000 20,000 8/94 North Brunswick/How Lane 1,238,000 2,323,000 11,000 8/94 Lombard/64th 847,000 1,583,000 26,000 8/94 Alsip/27th 406,000 765,000 22,000 F-26 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 1/95 Nashville/Elm Hill Pike 337,000 791,000 153,000 1/95 North Bergen/Tonnelle Ave. 1,564,000 3,772,000 35,000 1/95 San Leandro/Hesperian 734,000 1,726,000 13,000 9/94 San Francisco/Marin St. 1,227,000 2,339,000 1,076,000 2/95 Reno/S. McCarron Blvd 1,080,000 2,537,000 57,000 1/95 Pantego/West Park Row 315,000 735,000 42,000 1/95 Roswell/Alpharetta Street 423,000 993,000 55,000 9/94 Baltimore/Hillen Street 580,000 1,095,000 11,000 9/94 San Francisco /10th & Howard 1,423,000 2,668,000 34,000 9/94 Montebello/E. Whittier 383,000 732,000 32,000 9/95 Darien/Frontage Road 975,000 2,321,000 27,000 1/95 Chula Vista/Main Street 735,000 1,802,000 57,000 8/95 Studio City/Ventura Crt. 1,285,000 3,015,000 19,000 12/94 Apple Valley/Foliage Ave 910,000 1,695,000 68,000 9/94 Arlington/Collins 228,000 435,000 58,000 9/94 Miami/S.W. 119th Ave 656,000 1,221,000 3,000 9/94 Blackwood/Erial Road 774,000 1,437,000 16,000 9/94 Concord/Monument 1,092,000 2,027,000 53,000 9/94 Rochester/Lee Road 469,000 871,000 18,000 9/94 Houston/Bellaire 623,000 1,157,000 15,000 9/94 Austin/Lamar Blvd I 781,000 1,452,000 4,000 9/94 Milwaukee/Lovers Lane Rd 469,000 871,000 18,000 9/94 Monterey/Del Rey Oaks 1,342,000 2,501,000 24,000 9/94 St. Petersburg/66th St. 427,000 793,000 29,000 9/94 Dayton Bch/N. Nova Road 396,000 735,000 7,000 9/94 Maple Shade/Route 38 994,000 1,846,000 32,000 9/94 Marlton/Route 73 N. 938,000 1,742,000 28,000 9/94 Naperville/E. Ogden Ave 683,000 1,268,000 37,000 9/94 Long Beach/South Street 1,778,000 3,307,000 59,000 9/94 Aloha/S.W. Shaw 805,000 1,495,000 27,000 9/94 Alexandria/S. Pickett 1,550,000 2,879,000 34,000 9/94 Houston/Highway 6 North 1,120,000 2,083,000 79,000 9/94 San Antonio/Nacogdoches Rd 571,000 1,060,000 28,000 9/94 San Ramon/San Ramon Valley 1,530,000 2,840,000 90,000 9/94 San Rafael/Merrydale Rd 1,705,000 3,165,000 28,000 9/94 San Antonio/Austin Hwy 592,000 1,098,000 38,000 9/94 Sharonville/E. Kemper 574,000 1,070,000 38,000 12/94 Knoxville/Chapman Highway 753,000 1,411,000 78,000 7/95 Tarzana/Burbank Blvd 2,895,000 6,823,000 155,000 12/94 Milpitas/Watson II 1,575,000 2,925,000 50,000 F-27 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 12/94 Las Vegas/Jones Blvd 1,208,000 2,243,000 25,000 12/94 Venice/Guthrie 578,000 1,073,000 17,000 5/95 Largo/Ulmerton Road 262,000 654,000 63,000 3/95 Cheverly/Central Ave 911,000 2,164,000 8,000 5/95 Falls Church/Gallows Road 350,000 835,000 81,000 5/95 Fairfield/Western Street 439,000 1,030,000 16,000 5/95 Dallas/W. Mockingbird 1,440,000 3,371,000 1,000 5/95 East Point/Lakewood 884,000 2,071,000 41,000 6/95 Baltimore/Old Waterloo 769,000 1,850,000 4,000 6/95 Pleasant Hill/Hookston 766,000 1,848,000 15,000 6/95 Mountain View/Old Middlefield 2,095,000 4,913,000 0 11/95 Palm Beach Gardens/N Military 657,000 1,540,000 55,000 11/95 Delray Beach/N Federal Hwy 600,000 1,407,000 52,000 6/95 San Jose/Blossom Hill 1,467,000 3,444,000 11,000 6/95 Fairfield/Kings Highway 1,810,000 4,273,000 22,000 6/95 Pacoima/Paxton Street 1,524,000 840,000 1,976,000 18,000 8/95 Smyrna/Hargrove Road 1,020,000 3,038,000 200,000 7/95 Orlando/Lakehurst 1,103,000 450,000 1,063,000 11,000 7/95 Livermore/East Airway Blvd 1,481,000 921,000 2,157,000 27,000 7/95 San Jose/Tully II 1,831,000 912,000 2,137,000 32,000 7/95 Mission Bay 4,546,000 1,617,000 3,785,000 123,000 7/95 Las Vegas/Decatur 1,147,000 2,697,000 16,000 7/95 Pleasanton/Stanley 3,268,000 1,624,000 3,811,000 8,000 7/95 Castro Valley/Grove 757,000 1,772,000 3,000 7/95 Honolulu/Kaneohe 2,511,000 1,215,000 2,846,000 52,000 7/95 Chicago/Wabash Ave 645,000 1,535,000 50,000 7/95 Springfield/Parker St. 765,000 1,834,000 9,000 7/95 Huntington Bch/Gothard St. 765,000 1,808,000 63,000 8/95 Gresham/Division 607,000 1,428,000 3,000 8/95 Tucker/Lawrenceville Hwy 600,000 1,405,000 43,000 8/95 Decatur/Covington I 720,000 1,694,000 41,000 7/95 Tucker/Lawrenceville Hwy II 630,000 1,480,000 48,000 7/95 Marietta/Canton Road 600,000 1,423,000 20,000 7/95 Wheeling/Hintz 450,000 1,054,000 15,000 9/95 Hayward/Mission Blvd 1,020,000 2,383,000 10,000 9/95 Park City/Belvidere Road 600,000 1,405,000 4,000 9/95 New Castle/Dupont Parkway 990,000 2,369,000 0 9/95 Las Vegas/Rainbow 1,050,000 2,459,000 14,000 Mountain View/Rengstorff 945,000 2,216,000 9,000 9/95 Venice/Cadillac 930,000 2,182,000 14,000 F-28 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 2/95 Decatur/Flat Shoals 970,000 2,288,000 91,000 2/95 Smyrna/S. Cobb 663,000 1,559,000 32,000 2/95 Downey/Bellflower Blvd. 916,000 2,158,000 11,000 2/95 Vallejo/Lincoln 445,000 1,052,000 18,000 2/95 Lynnwood/180th St 516,000 1,205,000 81,000 2/95 Kent/Pacific Hwy 728,000 1,711,000 23,000 2/95 Kirkland 1,254,000 2,932,000 17,000 2/95 Federal Way/Pacific 785,000 1,832,000 120,000 2/95 Tampa/S. Dale Mabry 791,000 1,852,000 31,000 2/95 Burlingame/Adrian Rd 2,280,000 5,349,000 26,000 2/95 Miami/Cloverleaf 606,000 1,426,000 12,000 2/95 Pinole/San Pablo 639,000 1,502,000 42,000 2/95 South Gate/Firestone 1,442,000 3,449,000 48,000 2/95 San Jose/Mabury 892,000 2,088,000 0 2/95 La Puente/Valley Blvd 591,000 1,390,000 49,000 2/95 San Jose/Capitol Expwy 1,215,000 2,852,000 24,000 2/95 Milwaukie/40th Street 576,000 1,388,000 200,000 2/95 Portland/N. Lombard 812,000 1,900,000 2,000 2/95 Aventura/Biscayne 1,313,000 3,076,000 17,000 2/95 Chicago/Clark Street 442,000 1,031,000 20,000 2/95 Palatine/Dundee 698,000 1,643,000 19,000 2/95 Williamsville/Transit Rd. 284,000 670,000 2,000 2/95 Amherst/Sheridan Drive 484,000 1,151,000 10,000 9/95 Simi Valley /Los Angeles Ave. 1,590,000 3,724,000 15,000 9/95 Spring Valley/Foreman Dr. 1,095,000 2,572,000 12,000 9/95 Van Nuys/Balboa Blvd 1,920,000 4,504,000 63,000 10/95 San Lorenzo /Hesperian 1,590,000 3,716,000 40,000 10/95 Chicago/W. 47th Street 300,000 708,000 22,000 10/95 Los Angeles/Eastern Ave. 454,000 1,070,000 5,000 6/95 Portland/Prescott 647,000 1,509,000 38,000 6/95 St. Petersburg/U.S. 19 352,000 827,000 27,000 6/95 Dallas/Audelia Road 1,166,000 2,725,000 70,000 6/95 Miami Gardens 823,000 1,929,000 7,000 6/95 Grand Prairie/19th 566,000 1,329,000 30,000 6/95 Joliet/Jefferson Street 501,000 1,181,000 38,000 6/95 Bridgeton/Pennridge 283,000 661,000 17,000 6/95 Portland/S.E.92nd 638,000 1,497,000 13,000 6/95 Houston/S.W. Freeway 537,000 1,254,000 6,000 6/95 Milwaukee/Brown Deer 358,000 849,000 40,000 6/95 Orlando/W. Oak Ridge Road 698,000 1,642,000 23,000 F-29 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 6/95 Lauderhill/State Road 7 644,000 1,508,000 10,000 6/95 Orange Park /Blanding Blvd 394,000 918,000 6,000 6/95 St. Petersburg /Joe's Creek 703,000 1,642,000 28,000 6/95 St. Louis/Page Service Drive 531,000 1,241,000 34,000 6/95 Independence /E. 42nd Terr. 438,000 1,023,000 39,000 6/95 Cherry Hill/Dobbs Lane 716,000 1,676,000 3,000 6/95 Edgewater Park/Route 130 683,000 1,593,000 8,000 6/95 Beaverton/S.W. 110 Ct. 572,000 1,342,000 2,000 6/95 Markham/W. 159th Place 230,000 539,000 23,000 6/95 Houston/N.W. Freeway 447,000 1,066,000 50,000 6/95 Portland/Gantenbein 537,000 1,262,000 2,000 6/95 Upper Chichester/Market St. 569,000 1,329,000 8,000 6/95 Fort Worth/Hwy 80 379,000 891,000 17,000 6/95 Greenfield/ S. 108th 728,000 1,707,000 20,000 6/95 Altamonte Springs 566,000 1,326,000 10,000 6/95 East Hazel Crest/Halsted I 483,000 1,127,000 7,000 6/95 Seattle/Delridge Way 760,000 1,779,000 27,000 6/95 Elmhurst/Lake Frontage Rd 748,000 1,758,000 23,000 6/95 Los Angeles/Beverly Blvd 787,000 1,886,000 61,000 6/95 Lawrenceville/Brunswick Ave. 841,000 1,961,000 25,000 6/95 Richmond/Carlson 865,000 2,025,000 36,000 6/95 Liverpool/Oswego Road 545,000 1,279,000 10,000 6/95 Rochester/East Ave 578,000 1,375,000 5,000 6/95 Pasadena/E. Beltway 757,000 1,767,000 5,000 3/96 Oakland, CA/Hegenberger 1,065,000 2,764,000 15,000 3/96 Saratoga, CA/Sunnyvale 2,339,000 6,081,000 6,000 3/96 Randallstown, MD/Liberty Rd. 1,359,000 3,527,000 38,000 3/96 Plano, TX/Avenue K 650,000 1,682,000 32,000 3/96 Houston, TX/Fondren 543,000 1,402,000 0 3/96 Irvine, CA/Hughes 1,920,000 4,975,000 114,000 3/96 Milwaukee, WI/W. Laytonn 542,000 1,402,000 3,000 3/96 Carrollton, TX/I-35 East 578,000 1,495,000 3,000 3/96 Torrance, CA/Lomita 1,415,000 3,675,000 51,000 3/96 Jacksonville/Baymeadows Rd. 713,000 1,845,000 6,000 3/96 Dallas, TX/ERL Thornton Fwy 315,000 810,000 8,000 3/96 Houston, TX/North Fwy 669,000 1,724,000 98,000 3/96 Baltimore, MD/Wever Road 842,000 2,180,000 11,000 3/96 West Haven, CT/Railroad Ave. 740,000 1,907,000 6,000 9/96 Dallas/Royal Lane 1,008,000 2,426,000 0 9/96 Colorado Springs/Tomah Drive 731,000 1,759,000 26,000 F-30 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 9/96 Lewisville/S. Stemmons 603,000 1,451,000 2,000 9/96 Las Vegas/Boulder Hwy. 947,000 2,279,000 4,000 9/96 Sarasota/S. Tamiami Trail 584,000 1,407,000 6,000 9/96 Willow Grove/Maryland Road 673,000 1,620,000 1,000 9/96 Houston/W. Montgomery Rd. 524,000 1,261,000 2,000 9/96 Denver/W. Hampden 1,084,000 2,609,000 2,000 9/96 Littleton/Southpark Way 922,000 2,221,000 0 9/96 Petaluma/Baywood Drive 861,000 2,074,000 8,000 9/96 Canoga Park/Sherman Way 1,543,000 3,716,000 5,000 9/96 Jacksonville/South Lane Ave. 554,000 1,334,000 19,000 9/96 Newport News/Warwick Blvd. 575,000 1,385,000 2,000 9/96 Greenbrook/Route 22 1,227,000 2,954,000 0 9/96 Monsey/Route 59 1,068,000 2,572,000 0 9/96 Santa Rosa/Santa Rosa Ave. 575,000 1,385,000 0 9/96 Fort Worth/Brentwood Stair 823,000 2,016,000 18,000 9/96 Glendale/San Fernando Road 2,500,000 6,124,000 2,000 9/96 Houston/Harwin 549,000 1,344,000 0 9/96 Irvine/Cowan Street 1,890,000 4,631,000 0 9/96 Fairfield/Dixie Highway 427,000 1,046,000 1,000 9/96 Mesa/Country Club Drive 701,000 1,718,000 4,000 9/96 San Francisco/Geary Blvd. 2,957,000 7,244,000 10,000 9/96 Houston/Gulf Freeway 701,000 1,718,000 5,000 9/96 Las Vegas/S. Decatur Blvd. 1,037,000 2,539,000 4,000 9/96 Tempe/McKellips Road 1,021,000 2,502,000 51,000 9/96 Richland Hills/Airport Fwy. 473,000 1,158,000 7,000 11/95 Costa Mesa - B 522,000 1,218,000 12,000 11/95 Plano/E. 14th 705,000 1,646,000 3,000 11/95 Citrus Heights/Sunrise Vista 520,000 1,213,000 18,000 11/95 Modesto/Briggsmore Ave 470,000 1,097,000 17,000 11/95 So San Francisco/Spruce II 1,905,000 4,444,000 42,000 11/95 Pacheco/Buchanan Circle 4,126,000 1,681,000 3,951,000 10,000 2/95 Schiller Park/W. Irving 1,688,000 3,939,000 48,000 2/95 Lansing/173rd Street 1,514,000 3,534,000 0 2/95 Pleasanton/Boulder Street 1,257,000 2,932,000 0 2/95 LA/Sepulveda 1,453,000 3,390,000 15,000 6/96 Las Vegas/Eastern & Harmon 921,000 2,155,000 19,000 6/96 Bedford Park, IL/Sayre 606,000 1,419,000 29,000 6/96 Los Angeles, CA/Manchester 692,000 1,616,000 16,000 6/96 Silver Spring, MD/Burlington 1,513,000 3,535,000 0 6/96 Newark, CA/Fircrest Street 1,051,000 2,458,000 1,000 F-31 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 6/96 Brooklyn, NY/Park Ave. 783,000 1,830,000 10,000 12/96 Concord/Treat 1,396,000 3,258,000 0 12/96 Virginia Beach/Holland Road 535,000 1,248,000 0 12/96 San Mateo/E. Delaware 2,408,000 5,619,000 0 12/96 Upper Darby/Lansdowne 899,000 2,272,000 0 12/96 Plymouth Meeting /Chemical 1,109,000 2,802,000 0 12/96 Philadelphia/Byberry 1,019,000 2,575,000 0 12/96 Ft. Lauderdale/State Road 7 1,199,000 3,030,000 0 12/96 Englewood/Costilla 1,739,000 4,393,000 0 12/96 Lilburn/Beaver Ruin Road 600,000 1,515,000 0 12/96 Carmichael/Fair Oaks II 809,000 2,045,000 0 12/96 Portland/Division Street 989,000 2,499,000 0 12/96 Napa/Industrial Way 660,000 1,666,000 0 12/96 Wheatridge/W. 44th Avenue II 1,439,000 3,636,000 0 12/96 Las Vegas/Charleston II 1,049,000 2,651,000 0 12/96 Las Vegas/South Arvill 929,000 2,348,000 0 12/96 Los Angeles/Santa Monica II 3,328,000 8,407,000 0 12/96 Warren/Schoenherr Rd. 749,000 1,894,000 0 12/96 Portland/N.E. 71st Avenue 869,000 2,196,000 0 12/96 Seattle/Pacific Hwy. South 689,000 1,742,000 0 12/96 Broadview/S. 25th Avenue 1,289,000 3,257,000 0 12/96 Winter Springs/W. St. Rte 434 689,000 1,742,000 0 12/96 Tampa/15th Street 420,000 1,060,000 0 12/96 Pompano Beach/S. Dixie Hwy. 930,000 2,292,000 0 12/96 Overland Park/Mastin 990,000 2,440,000 0 12/96 Nashville/Dickerson Pike 990,000 2,440,000 0 12/96 Madison/Gallatin Road 780,000 1,922,000 0 12/96 Auburn/R Street S.E. 690,000 1,700,000 0 12/96 Federal Heights/W. 84th Ave. 720,000 1,774,000 0 12/96 Decatur/Covington II 930,000 2,292,000 0 12/96 Forest Park/Jonesboro Rd. 540,000 1,331,000 0 12/96 Mangonia Park/Australian Ave. 840,000 2,070,000 0 12/96 Whittier/Colima 540,000 1,331,000 0 12/96 Kent/Pacific Hwy South 930,000 2,292,000 0 12/96 Topeka/8th Street 150,000 370,000 0 12/96 Denver/E. Evans 1,740,000 4,288,000 0 12/96 Pittsburgh/California Ave. 630,000 1,552,000 0 12/96 Ft. Lauderdale/Powerline 660,000 1,626,000 0 12/96 Philadelphia/Oxford 900,000 2,218,000 0 12/96 Dallas/Lemmon Ave. (arlington) 1,710,000 4,214,000 0 F-32 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 12/96 Eagle Rock/Colorado 330,000 813,000 0 12/96 Alsip/115th Street 750,000 1,848,000 0 12/96 Green Acres/Jog Road 600,000 1,479,000 0 12/96 Pompano Beach/Sample Road 1,320,000 3,253,000 0 12/96 Wyndmoor/Ivy Hill 2,160,000 5,323,000 0 12/96 W. Palm Beach/Belvedere 960,000 2,366,000 0 12/96 Renton 174th St. 960,000 2,366,000 0 12/96 Sacramento/Northgate 1,021,000 2,647,000 0 12/96 Phoenix/19th Avenue 991,000 2,569,000 0 12/96 Bedford Park/Cicero 1,321,000 3,426,000 0 12/96 Lake Worth/Lk Worth 1,111,000 2,880,000 0 12/96 Arlington/Algonquin 991,000 2,569,000 0 12/96 Seattle/15th Avenue NE 781,000 2,024,000 0 12/96 Southington/Spring 811,000 2,102,000 0 12/96 Clifton/Broad Street 1,411,000 3,659,000 0 12/96 Hillside/Glenwood A&B 563,000 4,051,000 21,000 1/83 Colorado Springs/Platte 409,000 953,000 167,000 103,000 5/83 Colorado Springs/Delta Drive 67,000 481,000 101,000 54,000 12/82 Portland/Halsey 357,000 1,150,000 (470,000) 63,000 12/82 Sacto/Folsom 396,000 329,000 480,000 74,000 1/83 Semoran/Extra 442,000 1,882,000 115,000 184,000 3/83 Blackwood/Peters Lane 213,000 1,559,000 110,000 154,000 10/83 Orlando J. Y. Parkway 383,000 1,512,000 206,000 158,000 9/83 Southington/Spring St. 124,000 1,233,000 208,000 133,000 4/83 Vails Gate 103,000 990,000 186,000 108,000 6/83 Ventura/Walker 658,000 1,734,000 44,000 164,000 9/83 Southhampton/Jaymor 331,000 1,738,000 424,000 199,000 9/83 Webster/Keystone (Gulf Fwy) 449,000 1,688,000 600,000 211,000 9/83 Dover/Jefferic 107,000 1,462,000 272,000 160,000 9/83 New Castle/New Churchmans 227,000 2,163,000 251,000 222,000 9/83 Newark/Bellevue Road 208,000 2,031,000 138,000 200,000 9/83 Langhorne/S Flowers Mill 263,000 3,549,000 177,000 343,000 8/83 Hobart/Ridge Road 215,000 1,491,000 226,000 158,000 9/83 Ft. Wayne/W. Coliseum 160,000 1,395,000 36,000 132,000 9/83 Ft. Wayne/Bluffton Rd. 88,000 675,000 94,000 71,000 11/83 Webster/Nasa Road 1 1,570,000 2,457,000 942,000 313,000 11/83 Aurora/Hanover Way 505,000 758,000 182,000 86,000 11/83 Campbell/Salmar Avenue 1,379,000 1,849,000 (712,000) 105,000 11/83 CO Springs/Edison (Coulter) 471,000 1,640,000 (16,000) 149,000 11/83 CO Springs/Mt View (Coulter) 320,000 1,036,000 85,000 103,000 11/83 Thorton (Coulter)/ York St. 418,000 1,400,000 0 129,000 F-33 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 11/83 Okla. City (Coulter)/Reno Ave. 454,000 1,030,000 570,000 147,000 11/83 Tucson (Coulter)/N Romero Av 343,000 778,000 431,000 111,000 12/83 Charlotte/South Blvd. 165,000 1,274,000 298,000 41,000 12/83 Greensboro/Market St. I 214,000 1,653,000 386,000 54,000 12/83 Greensboro/Electra Dr. 112,000 869,000 219,000 29,000 1/83 Raleigh/Yonkers 203,000 914,000 293,000 32,000 12/83 Columbia/Broad River 171,000 1,318,000 403,000 45,000 12/83 Richmond/Jeff. Davis Hwy. 176,000 1,360,000 282,000 43,000 12/83 Augusta/Crescent Dr. 97,000 747,000 198,000 25,000 4/84 N. Providence/Mineral Spring 92,000 1,087,000 258,000 35,000 1/85 Cranston/Freeway Dr. 175,000 722,000 239,000 25,000 3/84 Marrietta/S. Cobb Drive 73,000 542,000 200,000 20,000 1/84 Fremont/Albrae 636,000 1,659,000 381,000 54,000 12/83 Tacoma/24th St. W 553,000 1,173,000 336,000 40,000 1/84 Belton/S. 71 Highway 175,000 858,000 385,000 33,000 1/84 Gladstone/N. Oak Trafficway 275,000 1,799,000 292,000 55,000 1/84 Kansas City/E. 112th St. Terr. 257,000 1,848,000 336,000 58,000 1/84 Kansas City/Holmes 289,000 1,333,000 196,000 40,000 1/84 Independence/E. 31st Street 221,000 1,848,000 239,000 55,000 1/84 Merriam/W. Frontage 255,000 1,469,000 267,000 46,000 1/84 Olathe/E. Spruce 107,000 992,000 210,000 32,000 1/84 Shawnee/W. 63rd Street 205,000 1,420,000 311,000 46,000 1/84 Topeka/SW 41st Street 75,000 1,049,000 164,000 32,000 2/84 Knoxville/Unicorn 662,000 1,887,000 323,000 58,000 2/84 Knoxville/Central 449,000 1,281,000 186,000 39,000 3/84 Manassas/Balls Ford Road 320,000 1,556,000 311,000 49,000 3/84 Pico Rivera/Bermudez 743,000 807,000 288,000 29,000 5/84 Raleigh/Departure Dr. 302,000 2,484,000 326,000 74,000 4/84 Milwaukie/Oregon McLoughlin 289,000 584,000 207,000 21,000 7/84 Trevose/Old Lincoln Hwy. 421,000 1,749,000 305,000 54,000 5/84 Virginia Beach/S. Independence 509,000 2,121,000 537,000 70,000 5/84 Philadelphia/Grant Ave. 1,041,000 3,262,000 355,000 95,000 6/84 Lorton/Richmond Hwy. 435,000 2,040,000 427,000 65,000 6/84 Baltimore/Shannon Drive 382,000 1,793,000 491,000 60,000 6/84 Laurel/Bowie Drive 501,000 2,349,000 568,000 77,000 6/84 Delran/Route 130 279,000 1,472,000 221,000 14,000 5/84 Garland/W. Kingsley II 356,000 844,000 133,000 8,000 6/84 Orlando/45th Street 226,000 924,000 166,000 9,000 6/84 Safe Place Cincinnati/Mt Carmel 402,000 1,573,000 401,000 16,000 F-34 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 6/84 Safe Place Florence/Industrial R 185,000 740,000 302,000 9,000 8/84 Medley/NW South River Drive 584,000 1,016,000 255,000 10,000 8/84 Oklahoma City/W Reno II 340,000 1,310,000 333,000 13,000 8/84 Newport News/Jefferson Av II 356,000 2,395,000 423,000 23,000 8/84 Kaplan (Irving/East Airport) 677,000 1,592,000 315,000 16,000 8/84 Kaplan (Dallas/Walnut Hill) 971,000 2,359,000 463,000 23,000 9/84 Dallas/Cockrell Hill 380,000 913,000 957,000 15,000 11/84 Omaha/S. 86th St. 109,000 806,000 357,000 10,000 11/84 Manchester/South Willow 164,000 1,643,000 189,000 15,000 12/84 Austin (Ben White) 325,000 474,000 177,000 5,000 12/84 Austin (Lamar) 643,000 947,000 280,000 10,000 12/84 Pompano Beach/SW 2nd St. 399,000 1,386,000 420,000 15,000 12/84 Fort Worth/Hemphill 122,000 928,000 (8,000) 8,000 11/84 Hialeah/Red Road 886,000 1,784,000 181,000 16,000 12/84 Montgomeryville/Route 309 215,000 2,085,000 232,000 19,000 1/85 Bossier City/Gould Street 184,000 1,542,000 243,000 15,000 2/85 Simi Valley 737,000 1,389,000 239,000 13,000 3/85 Chattanooga/Pryor Drive 202,000 1,573,000 269,000 15,000 2/85 Hurst/Hurst 231,000 1,220,000 156,000 11,000 3/85 Portland/92nd Avenue 285,000 941,000 178,000 9,000 5/85 Longwood/Hwy 17-92 355,000 1,645,000 195,000 15,000 3/85 Fern Park I/US Hwy 17-92 144,000 1,107,000 160,000 10,000 3/85 Fairfield/Dixie Hwy II 338,000 1,187,000 323,000 12,000 4/85 Laguna Hills/El Pacifico 1,224,000 3,303,000 300,000 30,000 7/85 Columbus (Morse Rd.) 195,000 1,510,000 144,000 14,000 7/85 Columbus (Kenny Rd.) 199,000 1,531,000 176,000 14,000 5/85 Columbus (Busch Blvd.) 202,000 1,559,000 187,000 14,000 5/85 Columbus (Kinnear Rd.) 241,000 1,865,000 170,000 17,000 6/85 Grove City/ Marlane Drive 150,000 1,157,000 188,000 11,000 6/85 Reynoldsburg/Gender Road 204,000 1,568,000 171,000 14,000 5/85 Worthington/Billingsley Rd 221,000 1,824,000 189,000 16,000 7/85 Westerville/Westerville Rd. 199,000 1,517,000 236,000 14,000 5/85 Upper Arlington/Arl. Ctr. Blvd. 201,000 1,497,000 205,000 14,000 7/85 Springfield/W. Leffel 90,000 699,000 135,000 7,000 7/85 Dayton (Needmore Road) 144,000 1,108,000 242,000 11,000 7/85 Dayton (Executive Blvd.) 160,000 1,207,000 251,000 12,000 7/85 Lilburn/Indian Trail 331,000 969,000 135,000 9,000 4/85 Austin/ S. First 778,000 1,282,000 157,000 25,000 4/85 Cincinnati/ E. Kemper 232,000 1,573,000 222,000 31,000 4/85 Cincinnati/ Colerain 253,000 1,717,000 248,000 34,000 F-35 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 4/85 Florence/ Tanner Lane 218,000 1,477,000 247,000 30,000 5/85 Tacoma/ Phillips Rd. SW 396,000 1,204,000 164,000 24,000 5/85 Portland/ Mcloughlin II 458,000 742,000 268,000 17,000 7/85 San Diego/ Kearny Mesa Rd 783,000 1,750,000 288,000 35,000 5/85 Manchester/ S. Willow II 371,000 2,129,000 (255,000) 32,000 6/85 N. Hollywood/ Raymer 967,000 848,000 233,000 19,000 7/85 Scottsdale/ 70th St 632,000 1,368,000 181,000 27,000 7/85 Concord/ Hwy 29 150,000 750,000 187,000 16,000 10/85 N. Hollywood/ Whitsett 1,524,000 2,576,000 259,000 49,000 10/85 Portland/ SE 82nd St 354,000 496,000 226,000 12,000 9/85 Madison/ Copps Ave. 450,000 1,150,000 294,000 25,000 9/85 Columbus/ Sinclair 307,000 893,000 122,000 17,000 9/85 Philadelphia/ Tacony St 118,000 1,782,000 140,000 33,000 10/85 Perrysburg/ Helen Dr. 110,000 1,590,000 (186,000) 24,000 10/85 Columbus/ Ambleside 124,000 1,526,000 (207,000) 23,000 10/85 Indianapolis/ Pike Plaza 229,000 1,531,000 161,000 29,000 10/85 Indianapolis/ Elmwood Ave 198,000 1,342,000 145,000 26,000 10/85 East Hartford/ Roberts 219,000 1,481,000 297,000 31,000 10/85 Wichita/ S. Rock Rd. 501,000 1,478,000 (80,000) 22,000 10/85 Wichita/ E. Harry 313,000 1,050,000 (90,000) 16,000 10/85 Wichita/ S. Woodlawn 263,000 905,000 (103,000) 14,000 10/85 Wichita/ E. Kellogg 185,000 658,000 (133,000) 9,000 10/85 Wichita/ S. Tyler 294,000 1,004,000 (2,000) 17,000 10/85 Wichita/ W. Maple 234,000 805,000 (184,000) 11,000 10/85 Wichita/W. Carey Lane 192,000 674,000 (132,000) 9,000 10/85 Wichita/ E. Macarthur 220,000 775,000 (192,000) 10,000 10/85 Joplin/ S. Range Line 264,000 904,000 (69,000) 14,000 12/85 Milpitas/Pecten Ct. 1,623,000 1,577,000 250,000 31,000 12/85 Pleasanton/ Santa Rita 1,226,000 2,078,000 251,000 40,000 7/88 Fort Wayne/Illinois Rd. 101,000 1,524,000 (19,000) 26,000 10/85 San Antonio/ Wetmore Rd. 306,000 1,079,000 372,000 (33,000) 10/85 San Antonio/ Callaghan 288,000 1,016,000 317,000 (30,000) 10/85 San Antonio/ Zarzamora 364,000 1,281,000 373,000 (38,000) 10/85 San Antonio/ Hackberry 388,000 1,367,000 350,000 (39,000) 10/85 San Antonio/ Fredericksburg 287,000 1,009,000 326,000 (30,000) 10/85 Dallas/ S. Westmoreland 474,000 1,670,000 142,000 (41,000) 10/85 Dallas/ Alvin St. 359,000 1,266,000 118,000 (31,000) 10/85 Fort Worth/ W. Beach St. 356,000 1,252,000 113,000 (31,000) 10/85 Fort Worth/ E. Seminary 382,000 1,346,000 129,000 (33,000) 10/85 Fort Worth/ Cockrell St. 323,000 1,136,000 119,000 (29,000) F-36 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 11/85 Everett/ Evergreen 706,000 2,294,000 386,000 (61,000) 11/85 Seattle/ Empire Way I 1,652,000 5,348,000 531,000 (133,000) 12/85 Amherst/ Niagra Falls 132,000 701,000 198,000 (20,000) 12/85 Kearns/West Sams Blvd. 164,000 1,159,000 (321,000) (19,000) 3/86 Jacksonville/ Hyde Park 140,000 510,000 188,000 (16,000) 12/85 Whitehall/MacArthur Rd. 204,000 1,628,000 128,000 (40,000) 2/86 Costa Mesa/ Pomona 1,405,000 1,520,000 305,000 (41,000) 12/85 Brockton/ Main St. 153,000 2,020,000 (269,000) (40,000) 1/86 Mapleshade/ Rudderow 362,000 1,811,000 210,000 (46,000) 1/86 Bordentown/ Groveville 196,000 981,000 121,000 (25,000) 12/85 Eatontown/Hwy 35 308,000 4,067,000 363,000 (101,000) 2/86 Brea/Imperial Hwy 1,069,000 2,165,000 309,000 (56,000) 12/85 Denver/ Leetsdale I 603,000 847,000 177,000 (23,000) 2/86 Skokie/McCormick 638,000 1,912,000 204,000 (48,000) 1/86 Sun Valley/Sheldon 544,000 1,836,000 275,000 (48,000) 3/86 St. Louis/ Forder Rd. 517,000 1,133,000 200,000 (30,000) 1/86 Las Vegas/ Highland Drive 432,000 848,000 200,000 (24,000) 5/86 Westlake Village 1,205,000 995,000 191,000 (27,000) 2/86 Colorado Springs/ Sinton Road 535,000 1,115,000 158,000 (29,000) 2/86 Oklahoma City/ N. Penn 146,000 829,000 127,000 (22,000) 2/86 Oklahoma City/ 39th Expressway 238,000 812,000 220,000 (23,000) 4/86 Reno/ Telegraph Rd. 649,000 1,051,000 363,000 (32,000) 7/86 Colorado Springs/ Hollow Tree 574,000 726,000 209,000 (21,000) 4/86 St. Louis/Kirkham 199,000 1,001,000 147,000 (63,000) 4/86 St. Louis/Reavis Barracks Rd. 192,000 958,000 152,000 (61,000) 4/86 Fort Worth/East Loop 820 196,000 804,000 161,000 (53,000) 6/86 Richland Hills/Baker Blvd. II 543,000 857,000 361,000 (67,000) 5/86 Sacramento/Franklin Blvd. 872,000 978,000 345,000 (73,000) 6/86 West Valley/So. 3600 West 208,000 1,552,000 226,000 (98,000) 7/86 West LA/Purdue Ave. 2,415,000 3,585,000 289,000 (214,000) 7/86 Capital Heights/Central Ave. 649,000 3,851,000 287,000 (228,000) 10/86 Fremont/Peralta 851,000 1,074,000 242,000 (73,000) 7/86 Pontiac/Dixie Hwy. 259,000 2,091,000 34,000 (117,000) 8/86 Laurel/Ft. Meade Rd. 475,000 1,475,000 209,000 (93,000) 9/86 Kansas City/S. 44th. 509,000 1,906,000 391,000 (127,000) 10/86 Birmingham/Highland 27th Pl. 89,000 786,000 95,000 (49,000) 10/86 Birmingham/Riverchase 262,000 1,338,000 350,000 (93,000) 10/86 Birmingham/Eastwood Oporto 166,000 1,184,000 177,000 (75,000) 10/86 Birmingham/Forestdale Pebble 152,000 948,000 135,000 (60,000) 10/86 Birmingham/Centerpoint Rd. 265,000 1,305,000 200,000 (83,000) F-37 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 10/86 Birmingham/Roebuck Plaza 101,000 399,000 178,000 (32,000) 10/86 Birmingham/Greensprings 347,000 1,173,000 289,000 (81,000) 10/86 Birmingham/Hoover-Lorna 372,000 1,128,000 295,000 (78,000) 10/86 Midfield/Bessemer Spr. Hwy. 170,000 355,000 201,000 (31,000) 10/86 Huntsville/Leeman Ferry Rd. 158,000 992,000 213,000 (66,000) 10/86 Huntsville/Drake Ave. 253,000 1,172,000 196,000 (75,000) 10/86 Anniston/Whiteside 59,000 566,000 107,000 (37,000) 10/86 Houston/Glenvista St. 595,000 1,043,000 409,000 (80,000) 10/86 Houston/I-45 (North Fwy) 704,000 1,146,000 655,000 (99,000) 10/86 Houston/Rogerdale Rd. 1,631,000 2,792,000 420,000 (177,000) 10/86 Houston/Gessner 1,032,000 1,693,000 673,000 (130,000) 10/86 Houston/Richmond-Fairdale 1,502,000 2,506,000 906,000 (188,000) 10/86 Houston/Gulfton 1,732,000 3,036,000 981,000 (221,000) 10/86 Houston/Westpark 503,000 854,000 127,000 (54,000) 10/86 Jonesboro/Jonesboro Road 157,000 718,000 172,000 (49,000) 9/86 Lakewood/W. 6th Ave. 1,070,000 3,155,000 455,000 (26,000) 10/86 Pilgrim/Houston/Loop 610 1,299,000 3,491,000 1,333,000 (34,000) 10/86 Pilgrim/Houston/S.W. Freeway 904,000 2,319,000 484,000 (20,000) 10/86 Pilgrim/Houston/FM 1960 719,000 1,987,000 (482,000) (11,000) 10/86 Pilgrim/Houston/Old Katy Rd. 1,365,000 3,431,000 857,000 (30,000) 10/86 Pilgrim/Houston/Long Point 451,000 1,187,000 442,000 (12,000) 10/86 Austin/Research Blvd. 1,390,000 1,710,000 317,000 (14,000) 12/86 Lynnwood/196th St. SW 1,063,000 1,602,000 296,000 (13,000) 12/86 Auburn/Auburn Way North 606,000 1,144,000 303,000 (10,000) 12/86 Gresham/Burnside 351,000 1,056,000 299,000 (10,000) 12/86 Denver/Sheridan Blvd. 1,033,000 2,792,000 517,000 (23,000) 12/86 Marietta/Cobb Pkwy. II 536,000 2,764,000 529,000 (23,000) 12/86 Hillsboro/Tualatin Hwy. 461,000 574,000 287,000 (6,000) 11/86 Arleta/Osborne St. 987,000 663,000 223,000 (6,000) 4/87 City of Industry/Amar Rd. 748,000 2,052,000 341,000 (17,000) 3/87 Annandale/Ravensworth 679,000 1,621,000 168,000 (13,000) 5/87 OK City/W. Hefner 459,000 941,000 203,000 (8,000) 12/86 San Antonio/W Sunset Rd. 1,206,000 1,594,000 402,000 (14,000) 8/86 Hammond/Calumet 97,000 751,000 428,000 (8,000) 7/86 Portland/Moody St. 663,000 1,637,000 (77,000) (11,000) 7/87 Oakbrook/Roosevelt Road 912,000 2,688,000 583,000 (369,000) 10/87 Plantation/S. State Rd. 924,000 1,801,000 224,000 (229,000) 2/88 Anaheim/N. Lakeview 995,000 1,505,000 445,000 (220,000) 8/87 San Antonio/Austin Hwy. 400,000 850,000 163,000 (114,000) 10/87 Rockville/Fredrick Rd. 1,695,000 3,305,000 611,000 (442,000) F-38 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 1/96 San Antonio, TX/San Pedro 912,000 2,170,000 33,000 1/96 San Francisco/ Second St. 2,880,000 6,814,000 35,000 1/96 San Gabriel 1,005,000 2,345,000 32,000 2/96 Naples, FL/Old US 41 849,000 2,016,000 15,000 2/96 Lake Worth, FL/S. Military Tr. 1,782,000 4,723,000 31,000 2/96 Brandon, FL/W Brandon Blvd. 1,928,000 4,523,000 51,000 2/96 Coral Springs FL/W Sample Rd. 3,480,000 8,148,000 32,000 2/96 Delray Beach FL/S Military Tr 940,000 2,222,000 27,000 2/96 Jupiter FL/Military Trail 2,280,000 5,347,000 9,000 2/96 Lake Worth FL/Lk Worth Rd 736,000 1,742,000 28,000 4/96 Naples, FL/Radio Road 1,187,000 2,809,000 14,000 2/96 New Port Richey FL/State rd 54 856,000 2,025,000 23,000 2/96 Pompano Beach FL/ W Copans 1,600,000 3,756,000 44,000 2/96 Sanford FL/S Orlando Dr 734,000 1,749,000 12,000 6/96 Boca Raton FL/Boca Rio Road 3,180,000 7,468,000 47,000 9/96 Spring Valley/S Pascack rd NY 1,260,000 2,966,000 17,000 6/96 Venice FL/S. US 41 Bypass 669,000 1,575,000 18,000 7/96 Glen Burnie/Furnace Br Rd MD 1,755,000 4,150,000 25,000 10/96 Virginia Beach/Southern Blvd 282,000 610,000 22,000 10/96 Chesapeake/Military Hwy 912,000 1,974,000 21,000 10/96 Hampton/Pembroke Road 1,080,000 2,346,000 24,000 10/96 Norfolk/Widgeon Road 1,110,000 2,405,000 22,000 10/96 Richmond/Bloom Lane 1,188,000 2,512,000 21,000 10/96 Richmond/Midlothian Tnpk. 762,000 1,588,000 22,000 10/96 Roanoke/Peters Creek Road 819,000 1,776,000 21,000 10/96 Orlando/E Oakridge Rd 927,000 2,020,000 38,000 10/96 Fern Park/South Hwy 17-92 1,170,000 2,549,000 28,000 11/96 Bossier City LA/Barksdale 633,000 1,488,000 14,000 10/96 Austin/Renelli 1,710,000 3,990,000 0 10/96 Austin/Santiago 900,000 2,100,000 1,000 10/96 Dallas/East N.W. Highway 698,000 1,628,000 6,000 10/96 Dallas/Denton Drive 900,000 2,100,000 13,000 10/96 Houston/Hempstead 518,000 1,207,000 5,000 10/96 Pasadena/So. Shaver 420,000 980,000 6,000 12/96 Cherry Hill/Old Cuthbert 645,000 1,505,000 6,000 12/96 Oklahoma City/SW 74th Exprw. 375,000 875,000 4,000 12/96 Oklahoma City/S Santa Fe 360,000 840,000 3,000 12/96 Oklahoma City/S. May 360,000 840,000 3,000 12/96 Arlington/S. Watson Rd. 930,000 2,170,000 0 12/96 Richardson/E. Arapaho 1,290,000 3,010,000 0 F-39 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 10/96 Houston/Joel Wheaton Rd 465,000 1,085,000 0 10/96 Mt Holly/541 Bypass 360,000 840,000 3,000 11/96 Forest Park/I-75 Frontage 270,000 630,000 3,000 11/96 Town East/Mesquite US Hwy 80 330,000 770,000 2,000 7/95 Artesia/Artesia 668,000 874,000 7,000 (150,000) 7/95 Arcadia/Lower Azusa 878,000 813,000 32,000 (144,000) 7/95 Dallas/Kingsly IV 1,171,000 998,000 9,000 (172,000) 7/95 Manassas/Centreville 433,000 1,308,000 8,000 (225,000) 7/95 Los Angeles/San Pedro St. 1,719,000 2,071,000 21,000 (357,000) 7/95 Bellevue/Northup 1,317,000 1,980,000 3,000 (339,000) 7/95 Hollywood/Willoughby 1,701,000 1,100,000 12,000 (190,000) 7/95 Atlanta/John Wesley Dobbs Av 1,319,000 873,000 106,000 (167,000) 7/95 Montebello/S. Maple Ave 1,362,000 1,403,000 17,000 (242,000) 7/95 Lake City/Forest Parkway 266,000 832,000 19,000 (145,000) 7/95 Baltimore/W Patapsco 430,000 1,629,000 5,000 (279,000) 7/95 Fraser/Groesbeck Hwy 393,000 1,089,000 1,000 (186,000) 7/95 Vallejo/Mini Drive 599,000 1,086,000 13,000 (188,000) 9/95 Whittier 215,000 384,000 13,000 683,000 9/95 Van Nuys/Balboa 295,000 657,000 17,000 1,165,000 9/95 Huntington Beach/McFadden 414,000 176,000 321,000 51,000 728,000 9/95 Monterey Park 317,000 124,000 346,000 20,000 797,000 9/95 Downey 338,000 191,000 317,000 47,000 756,000 9/95 Walnut B 85,000 346,000 8,000 838,000 9/95 Stockton 400,000 151,000 402,000 25,000 608,000 9/95 Del Amo 474,000 742,000 23,000 1,122,000 9/95 Carson/Del Amo Blvd. 375,000 735,000 50,000 44,000 9/95 Fresno 111,000 44,000 206,000 2,000 1,090,000 1/96 Bensenville/York Rd 667,000 1,602,000 5,000 528,000 1/96 Louisville/Preston Hwy 211,000 1,060,000 0 349,000 1/96 San Jose/Aborn Road 615,000 1,342,000 1,000 442,000 1/96 Englewood/Federal 481,000 1,395,000 0 458,000 1/96 W. Hollywood/Santa Monica 3,415,000 4,577,000 6,000 1,506,000 1/96 Orland Hills/W. 159th 917,000 2,392,000 0 787,000 1/96 Merrionette Park/S Kedzie 818,000 2,020,000 2,000 665,000 1/96 Denver/S Quebec 1,849,000 1,941,000 0 638,000 1/96 Tigard/S.W. Pacific Hwy 633,000 1,206,000 2,000 397,000 1/96 Coram/Middle Country Road 507,000 1,421,000 4,000 468,000 1/96 Houston/FM 1960 635,000 1,294,000 0 425,000 1/96 Kent/Military Trail 409,000 1,670,000 0 549,000 1/96 Turnersville/Black Horse Pike 165,000 1,360,000 2,000 448,000 F-40 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 1/96 Sewell/Rts. 553 323,000 1,138,000 4,000 376,000 1/96 Maple Shade/Fellowship Rd. 331,000 1,421,000 0 467,000 1/96 Hyattsville/Kenilworth 509,000 1,757,000 0 578,000 1/96 Waterbury/Captain Neville Dr 434,000 2,089,000 0 687,000 1/96 Bedford Hts/Miles Road 835,000 1,577,000 0 519,000 1/96 Livonia/Newburgh 635,000 1,407,000 2,000 463,000 1/96 Sunland/Sunland Blvd. 631,000 1,965,000 2,000 647,000 1/96 Des Moines/Des Moines Way 448,000 1,350,000 0 444,000 1/96 Oxonhill/Indianhead Hwy 772,000 2,017,000 0 663,000 1/96 Sacramento/N. 16th 582,000 2,610,000 4,000 859,000 1/96 Houston/Westheimer II 1,508,000 2,274,000 2,000 749,000 1/96 San Pablo/San Pablo Ave. 565,000 1,232,000 0 405,000 1/96 Bowie/Woodcliff 718,000 2,336,000 0 769,000 1/96 Milwaukee/S. 84th 444,000 1,868,000 2,000 615,000 1/96 Clinton/Malcolm Road 593,000 2,123,000 3,000 699,000 4/96 San Diego/54th & Euclid 880,000 2,429,000 7,000 706,000 4/96 Miami/5th Street 2,151,000 3,018,000 14,000 879,000 4/96 Silver Springs/Hillwood 852,000 1,972,000 3,000 572,000 4/96 Chicago/E. 95th Street 367,000 2,197,000 42,000 649,000 4/96 Chicago/S. Harlem 731,000 1,344,000 13,000 394,000 4/96 St. Charles/Highway 94 576,000 1,430,000 2,000 415,000 4/96 Chicago/Burr Ridge Road 389,000 2,055,000 14,000 600,000 4/96 St. Louis/Hwy. 141 609,000 1,543,000 2,000 448,000 4/96 Island Park/Austin 2,138,000 2,862,000 13,000 833,000 4/96 Yonkers/Route 9A 1,767,000 3,633,000 19,000 1,058,000 4/96 Los Angeles/Glendale Blvd. 2,139,000 5,220,000 7,000 1,515,000 4/96 Akron/Brittain Rd. 254,000 2,130,000 0 617,000 4/96 Chicago/Harlem Ave. 1,322,000 2,752,000 134,000 836,000 4/96 Bethesda/Butler Road 1,059,000 2,410,000 0 699,000 4/96 Dundalk/Wise Avenue 413,000 1,893,000 0 549,000 4/96 Chicago/Pulaski 764,000 1,869,000 37,000 4/96 Las Vegas/Desert Inn 1,115,000 2,729,000 9,000 4/96 Torrance/Crenshaw 916,000 2,243,000 4,000 4/96 Weymouth, WA state 485,000 1,187,000 6,000 4/96 St. Louis/Barrett Station Road 630,000 1,542,000 10,000 4/96 Rockville/Randolph 1,153,000 2,823,000 0 4/96 Simi Valley/Easy Street 970,000 2,374,000 3,000 4/96 Houston/Galleria 1,390,000 3,402,000 24,000 3/96 Sandy Springs/Roswell 898,000 3,649,000 21,000 7/96 Lakewood/W Hampden CO 717,000 2,092,000 27,000 F-41 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 8/96 Norcross/Holcomb Bridge Rd 955,000 3,117,000 16,000 12/96 Lake Forest/Cooks Bay Dr 971,000 2,173,000 302,000 COMMERCIAL PROPERTIES 12/81 South Houston/So. Shaver 354,000 1,981,000 180,000 5/94 Monterey Park 3,150,000 5,860,000 130,000 6/95 Cerritos/Edwards Road 516,000 1,265,000 104,000 6/95 Milwaukie II/SE Intl Way 411,000 999,000 133,000 6/95 Renton/Rainier 295,000 698,000 18,000 9/96 San Diego/Lusk 1,522,000 3,664,000 15,000 9/96 Alexandria/Eisenhower 1,463,000 3,585,000 75,000 9/96 Torrance/Crenshaw 457,000 1,120,000 21,000 11/95 Camarillo/Ventura Blvd 180,000 420,000 15,000 3/96 San Jose, CA 3,458,000 8,563,000 151,000 12/83 Signal Hill/Bus. Park 1,195,000 2,220,000 832,000 281,000 12/83 Lakewood 2,513,000 4,238,000 1,844,000 160,000 3/84 Austin 4,321,000 5,937,000 3,139,000 239,000 3/85 Pacific Scene 1,536,000 5,689,000 2,237,000 65,000 7/85 Timberway 2,221,000 12,179,000 2,841,000 259,000 10/85 One Park Ten 2,365,000 6,215,000 3,320,000 164,000 10/85 Park Terrace 943,000 2,477,000 1,021,000 60,000 2/86 San Diego/ Knoll Mission 1,967,000 6,783,000 2,359,000 (208,000) 3/86 Fox Hills/ Culver City 7,544,000 11,656,000 3,738,000 (349,000) 3/86 Tempe/University (Silvergate) 4,201,000 5,099,000 2,761,000 (433,000) 5/86 Signal Hill/Parkway 2,463,000 4,837,000 1,361,000 (342,000) 7/86 Mesa West Commercial Plaza 1,333,000 2,935,000 822,000 (27,000) 7/86 University Corp. Center 1,419,000 3,123,000 931,000 (29,000) 5/87 Carson/Leapwood 2,535,000 3,165,000 1,102,000 (482,000) 10/96 La Prada 495,000 1,155,000 0 10/96 Eastgate/NW Highway 480,000 1,120,000 20,000 10/96 Quail Valley 360,000 840,000 6,000 11/96 Downtn Business Ctr/Nashville 660,000 1,540,000 0 11/96 Airport South/Nashville 660,000 1,540,000 0 11/96 Woodbridge/Business Ctr Rd 1,350,000 3,150,000 0 12/96 Broken Arrow/W Concorde Cir 840,000 1,960,000 0 10/96 Little Rock/John Barrow Road 780,000 1,820,000 6,000 10/96 Tulsa/S. Peoria 375,000 875,000 0 2/96 12345 Ventura Bl., Studio City 916,000 2,244,000 267,000 2/95 Milwaukie/40th Street 600,000 1,444,000 32,000 F-42 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Adjustments Resulting from the Date Initial Cost Costs Acquisition ---------------------- Subsequent of Minority Acquired Description Encumbrances Land Buildings to Acquisition Interests ---------------------------------------------------------------------------------------------------------------------------- OTHER PROPERTIES 1/96 Glendale/Western Avenue 1,622,000 3,771,000 2,402,000 Construction in Progress - 35,815,000 Vacant Land 1,306,000 Other Encumbrances 2,601,000 ============= =============== ================ ================ ============= $48,693,000 $603,230,000 $1,429,961,000 $155,421,000 $32,701,000 ============= =============== ================ ================ ============= F-43 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- SELF-STORAGE FACILITIES 1/81 Newport News/Jefferson Avenue I $108,000 $1,428,000 $1,536,000 $916,000 1/81 Virginia Beach/Diamond Springs 186,000 1,452,000 1,638,000 914,000 8/81 San Jose/Snell 312,000 2,057,000 2,369,000 1,238,000 10/81 Tampa/Lazy Lane 282,000 2,354,000 2,636,000 1,419,000 11/81 Hayward/Whipple 463,000 2,227,000 2,690,000 1,346,000 6/82 San Jose/Tully I 645,000 1,923,000 2,568,000 1,111,000 6/82 San Carlos/Shoreway Rd. 780,000 1,715,000 2,495,000 1,047,000 6/82 Mountain View 1,180,000 1,611,000 2,791,000 958,000 6/82 Cupertino/Storage 572,000 1,553,000 2,125,000 908,000 10/82 Sorrento Valley 1,002,000 1,464,000 2,466,000 837,000 10/82 Northwood 1,034,000 1,624,000 2,658,000 935,000 3/85 Houston/Westheimer 850,000 1,808,000 2,658,000 817,000 3/86 Tampa/56th 450,000 1,636,000 2,086,000 716,000 12/86 Monrovia/Myrtle Avenue 1,149,000 2,563,000 3,712,000 1,041,000 12/86 Chatsworth/Topanga 1,447,000 1,403,000 2,850,000 625,000 12/86 Houston/Larkwood 246,000 858,000 1,104,000 317,000 12/86 Northridge 3,624,000 2,152,000 5,776,000 803,000 12/86 Santa Clara/Duane 1,950,000 1,246,000 3,196,000 559,000 12/86 Oyster Point 1,569,000 1,717,000 3,286,000 697,000 12/86 Walnut A 767,000 719,000 1,486,000 303,000 6/88 Mesquite/Sorrento Drive 928,000 1,601,000 2,529,000 729,000 3/92 Dallas/Walnut St. 537,000 1,142,000 1,679,000 964,000 5/92 Camp Creek 576,000 1,145,000 1,721,000 220,000 8/92 Tampa/N.Dale Mabry 808,000 1,681,000 2,489,000 314,000 9/92 Orlando/W. Colonial 368,000 753,000 1,121,000 151,000 9/92 Jacksonville/Arlington 554,000 1,120,000 1,674,000 216,000 10/92 Stockton/Mariners 381,000 763,000 1,144,000 133,000 1/92 Costa Mesa II 535,000 1,539,000 2,074,000 691,000 11/92 Virginia Beach/General Booth Blvd 599,000 1,166,000 1,765,000 213,000 1/93 Redwood City/Storage 907,000 1,790,000 2,697,000 292,000 1/93 City Of Industry 1,611,000 3,384,000 4,995,000 595,000 1/93 San Jose/Felipe II 1,124,000 2,214,000 3,338,000 355,000 1/93 Baldwin Park/Garvey Ave 840,000 1,646,000 2,486,000 251,000 3/93 Westminister/W. 80th 840,000 1,648,000 2,488,000 257,000 5/93 Austin /N. Lamar Blvd. III 919,000 1,760,000 2,679,000 259,000 7/93 Austin/So. Congress Ave 777,000 1,619,000 2,396,000 235,000 6/93 Citrus Heights/Sylvan Road 438,000 909,000 1,347,000 160,000 F-24 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 5/93 Jacksonville/Phillips Hwy. 406,000 819,000 1,225,000 127,000 5/93 Tampa/Nebraska Avenue 550,000 1,071,000 1,621,000 164,000 4/93 Costa Mesa/Newport 2,141,000 4,108,000 6,249,000 613,000 6/93 Calabasas/Ventura Blvd. 1,762,000 3,367,000 5,129,000 504,000 6/93 Carmichael/Fair Oaks 573,000 1,109,000 1,682,000 162,000 6/93 Santa Clara/Duane II 454,000 850,000 1,304,000 124,000 6/93 Trenton/Allen Road 623,000 1,220,000 1,843,000 173,000 6/93 Los Angeles/W.Jefferson Blvd 1,085,000 2,046,000 3,131,000 288,000 8/93 So. Brunswick/Highway 1 1,076,000 2,131,000 3,207,000 292,000 8/93 Atlanta/Northside Dr. 1,150,000 2,187,000 3,337,000 315,000 8/93 Smyrna/ Roswell Rd 446,000 904,000 1,350,000 131,000 8/93 Gaithersburg/E. Diamond 602,000 1,213,000 1,815,000 166,000 8/93 Austin/N. Lamar IV 502,000 966,000 1,468,000 134,000 10/93 Denver/Federal Blvd 875,000 1,667,000 2,542,000 217,000 10/93 Citrus Heights/San Juan 527,000 1,013,000 1,540,000 131,000 10/93 Lakewood/6th Ave 798,000 1,509,000 2,307,000 198,000 11/93 Upland/S. Euclid Ave. 508,000 1,032,000 1,540,000 127,000 10/93 Houston/S Shaver St 481,000 971,000 1,452,000 125,000 12/93 Salt Lake City/E. 3900 South St. 765,000 1,603,000 2,368,000 230,000 12/93 West Valley City/West 3500 S. 682,000 1,339,000 2,021,000 170,000 11/93 Norcross/Jimmy Carter Blvd. 626,000 1,234,000 1,860,000 154,000 11/93 Seattle/13th 1,085,000 2,242,000 3,327,000 293,000 12/93 Pinellas Park/34th St. W 607,000 1,211,000 1,818,000 157,000 1/94 Herndon/Centreville Road 1,358,000 3,239,000 4,597,000 231,000 12/93 New Orleans/S. Carrollton Ave 1,575,000 2,985,000 4,560,000 363,000 12/93 Orange/Main II 1,593,000 3,246,000 4,839,000 348,000 12/93 Sunnyvale/Weddell Dr. 725,000 1,501,000 2,226,000 157,000 12/93 El Cajon/Magnolia 542,000 1,112,000 1,654,000 117,000 12/93 Orlando/S. Semoran Blvd. 601,000 1,247,000 1,848,000 135,000 12/93 Tampa/W. Hillsborough Ave 436,000 898,000 1,334,000 98,000 12/93 Irving/North Loop 12 354,000 695,000 1,049,000 83,000 12/93 Fullerton/W. Commonwealth 1,160,000 2,362,000 3,522,000 253,000 12/93 N. Lauderdale/McNab Rd 798,000 1,624,000 2,422,000 175,000 12/93 Los Alamitos/Cerritos 874,000 1,756,000 2,630,000 188,000 12/93 Frederick/Prospect Blvd. 693,000 1,414,000 2,107,000 158,000 12/93 Indianapolis/E. Washington 505,000 1,023,000 1,528,000 110,000 12/93 Gardena/Western Ave. 695,000 1,371,000 2,066,000 147,000 12/93 Palm Bay/Babcock Street 525,000 1,065,000 1,590,000 118,000 1/94 Hialeah/W. 20th Ave. 1,590,000 3,834,000 5,424,000 433,000 1/94 Sunnyvale/N. Fair Oaks Ave 658,000 1,551,000 2,209,000 169,000 F-25 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 1/94 Honolulu/Iwaena 0 3,874,000 3,874,000 367,000 1/94 Miami/Golden Glades 557,000 1,344,000 1,901,000 149,000 2/94 LasVegas/S.MartinLutherKing Blvd 1,435,000 3,462,000 4,897,000 362,000 2/94 Arlingtn/Old Jeffersn Davishwy 630,000 1,571,000 2,201,000 185,000 3/94 Portland/SW Barnes Road 807,000 1,982,000 2,789,000 240,000 3/94 Hypoluxo 630,000 2,526,000 3,156,000 389,000 3/94 Austin/Arboretum 405,000 1,005,000 1,410,000 122,000 3/94 Tinton Falls/Shrewsbury Ave 921,000 2,273,000 3,194,000 269,000 3/94 East Brunswick/Milltown Road 1,099,000 2,698,000 3,797,000 308,000 3/94 Mercerville/Quakerbridge Road 950,000 2,303,000 3,253,000 268,000 4/94 No. Highlands/Roseville Road 840,000 2,039,000 2,879,000 240,000 5/94 Fort Pierce/Okeechobee Road 375,000 941,000 1,316,000 110,000 6/94 Chattanooga/Brainerd Road 525,000 1,291,000 1,816,000 140,000 6/94 Chattanooga/Ringgold Road 652,000 1,613,000 2,265,000 175,000 5/94 Hempstead/Peninsula Blvd. 1,762,000 4,180,000 5,942,000 436,000 5/94 LA/Huntington 414,000 1,007,000 1,421,000 103,000 6/94 Las Vegas/Tropicana II 643,000 1,569,000 2,212,000 169,000 6/94 Henderson/Green Valley Pkwy 898,000 2,163,000 3,061,000 236,000 6/94 Las Vegas/S. Valley View Blvd 718,000 1,745,000 2,463,000 188,000 6/94 Las Vegas/N. Lamb Blvd. 745,000 1,828,000 2,573,000 200,000 6/94 Birmingham/W. Oxmoor Road 456,000 1,284,000 1,740,000 177,000 7/94 Milpitas/Dempsey Road 1,080,000 2,617,000 3,697,000 280,000 9/94 Huntsville/Old Monrovia Road 525,000 1,292,000 1,817,000 129,000 9/94 West Haven/Bull Hill Lane 390,000 980,000 1,370,000 105,000 3/95 Everett/Highway 99 South 859,000 2,122,000 2,981,000 168,000 3/95 Burien/1st Ave South 763,000 1,933,000 2,696,000 159,000 3/95 Kent/South 238th Street 763,000 1,908,000 2,671,000 153,000 10/94 Davie/State Road 84 638,000 2,357,000 2,995,000 194,000 10/94 Alcoa/Airport Plaza Drive 465,000 1,128,000 1,593,000 146,000 10/94 Carrollton/Marsh Lane 1,022,000 2,485,000 3,507,000 187,000 10/94 Sherman Oaks/Van Nuys Blvd 1,423,000 3,155,000 4,578,000 260,000 12/94 Salt Lake City/West North Temple 420,000 1,038,000 1,458,000 91,000 5/95 Sandy/S. State Street 1,042,000 2,572,000 3,614,000 178,000 8/94 New Orleans/I-10 672,000 1,600,000 2,272,000 156,000 8/94 Beaverton/S.W. Denny Road 568,000 1,352,000 1,920,000 132,000 8/94 Irwindale/Central Ave. 578,000 1,375,000 1,953,000 132,000 8/94 Suitland/St. Barnabas Rd 1,312,000 3,151,000 4,463,000 319,000 8/94 North Brunswick/How Lane 1,062,000 2,510,000 3,572,000 243,000 8/94 Lombard/64th 726,000 1,730,000 2,456,000 166,000 8/94 Alsip/27th 348,000 845,000 1,193,000 83,000 F-26 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 1/95 Nashville/Elm Hill Pike 337,000 944,000 1,281,000 99,000 1/95 North Bergen/Tonnelle Ave. 1,564,000 3,807,000 5,371,000 242,000 1/95 San Leandro/Hesperian 734,000 1,739,000 2,473,000 120,000 9/94 San Francisco/Marin St. 1,371,000 3,271,000 4,642,000 301,000 2/95 Reno/S. McCarron Blvd 1,080,000 2,594,000 3,674,000 195,000 1/95 Pantego/West Park Row 315,000 777,000 1,092,000 65,000 1/95 Roswell/Alpharetta Street 423,000 1,048,000 1,471,000 87,000 9/94 Baltimore/Hillen Street 497,000 1,189,000 1,686,000 107,000 9/94 San Francisco /10th & Howard 1,221,000 2,904,000 4,125,000 262,000 9/94 Montebello/E. Whittier 329,000 818,000 1,147,000 74,000 9/95 Darien/Frontage Road 975,000 2,348,000 3,323,000 133,000 1/95 Chula Vista/Main Street 735,000 1,859,000 2,594,000 162,000 8/95 Studio City/Ventura Crt. 1,285,000 3,034,000 4,319,000 176,000 12/94 Apple Valley/Foliage Ave 780,000 1,893,000 2,673,000 162,000 9/94 Arlington/Collins 195,000 526,000 721,000 56,000 9/94 Miami/S.W. 119th Ave 562,000 1,318,000 1,880,000 120,000 9/94 Blackwood/Erial Road 663,000 1,564,000 2,227,000 142,000 9/94 Concord/Monument 936,000 2,236,000 3,172,000 209,000 9/94 Rochester/Lee Road 402,000 956,000 1,358,000 88,000 9/94 Houston/Bellaire 534,000 1,261,000 1,795,000 115,000 9/94 Austin/Lamar Blvd I 669,000 1,568,000 2,237,000 142,000 9/94 Milwaukee/Lovers Lane Rd 402,000 956,000 1,358,000 87,000 9/94 Monterey/Del Rey Oaks 1,152,000 2,715,000 3,867,000 253,000 9/94 St. Petersburg/66th St. 366,000 883,000 1,249,000 85,000 9/94 Dayton Bch/N. Nova Road 339,000 799,000 1,138,000 72,000 9/94 Maple Shade/Route 38 852,000 2,020,000 2,872,000 185,000 9/94 Marlton/Route 73 N. 804,000 1,904,000 2,708,000 173,000 9/94 Naperville/E. Ogden Ave 585,000 1,403,000 1,988,000 129,000 9/94 Long Beach/South Street 1,524,000 3,620,000 5,144,000 343,000 9/94 Aloha/S.W. Shaw 690,000 1,637,000 2,327,000 153,000 9/94 Alexandria/S. Pickett 1,329,000 3,134,000 4,463,000 284,000 9/94 Houston/Highway 6 North 960,000 2,322,000 3,282,000 211,000 9/94 San Antonio/Nacogdoches Rd 489,000 1,170,000 1,659,000 106,000 9/94 San Ramon/San Ramon Valley 1,311,000 3,149,000 4,460,000 312,000 9/94 San Rafael/Merrydale Rd 1,461,000 3,437,000 4,898,000 313,000 9/94 San Antonio/Austin Hwy 507,000 1,221,000 1,728,000 109,000 9/94 Sharonville/E. Kemper 492,000 1,190,000 1,682,000 107,000 12/94 Knoxville/Chapman Highway 645,000 1,597,000 2,242,000 140,000 7/95 Tarzana/Burbank Blvd 2,895,000 6,978,000 9,873,000 413,000 12/94 Milpitas/Watson II 1,350,000 3,200,000 4,550,000 262,000 F-27 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 12/94 Las Vegas/Jones Blvd 1,035,000 2,441,000 3,476,000 196,000 12/94 Venice/Guthrie 495,000 1,173,000 1,668,000 94,000 5/95 Largo/Ulmerton Road 262,000 717,000 979,000 54,000 3/95 Cheverly/Central Ave 911,000 2,172,000 3,083,000 151,000 5/95 Falls Church/Gallows Road 350,000 916,000 1,266,000 61,000 5/95 Fairfield/Western Street 439,000 1,046,000 1,485,000 69,000 5/95 Dallas/W. Mockingbird 1,440,000 3,372,000 4,812,000 224,000 5/95 East Point/Lakewood 884,000 2,112,000 2,996,000 142,000 6/95 Baltimore/Old Waterloo 769,000 1,854,000 2,623,000 117,000 6/95 Pleasant Hill/Hookston 766,000 1,863,000 2,629,000 122,000 6/95 Mountain View/Old Middlefield 2,095,000 4,913,000 7,008,000 311,000 11/95 Palm Beach Gardens/N Military 657,000 1,595,000 2,252,000 77,000 11/95 Delray Beach/N Federal Hwy 600,000 1,459,000 2,059,000 71,000 6/95 San Jose/Blossom Hill 1,467,000 3,455,000 4,922,000 209,000 6/95 Fairfield/Kings Highway 1,810,000 4,295,000 6,105,000 265,000 6/95 Pacoima/Paxton Street 840,000 1,994,000 2,834,000 121,000 8/95 Smyrna/Hargrove Road 1,020,000 3,238,000 4,258,000 166,000 7/95 Orlando/Lakehurst 450,000 1,074,000 1,524,000 61,000 7/95 Livermore/East Airway Blvd 921,000 2,184,000 3,105,000 125,000 7/95 San Jose/Tully II 912,000 2,169,000 3,081,000 122,000 7/95 Mission Bay 1,617,000 3,908,000 5,525,000 232,000 7/95 Las Vegas/Decatur 1,147,000 2,713,000 3,860,000 155,000 7/95 Pleasanton/Stanley 1,624,000 3,819,000 5,443,000 219,000 7/95 Castro Valley/Grove 757,000 1,775,000 2,532,000 101,000 7/95 Honolulu/Kaneohe 1,215,000 2,898,000 4,113,000 167,000 7/95 Chicago/Wabash Ave 645,000 1,585,000 2,230,000 88,000 7/95 Springfield/Parker St. 765,000 1,843,000 2,608,000 106,000 7/95 Huntington Bch/Gothard St. 765,000 1,871,000 2,636,000 108,000 8/95 Gresham/Division 607,000 1,431,000 2,038,000 85,000 8/95 Tucker/Lawrenceville Hwy 600,000 1,448,000 2,048,000 82,000 8/95 Decatur/Covington I 720,000 1,735,000 2,455,000 98,000 7/95 Tucker/Lawrenceville Hwy II 630,000 1,528,000 2,158,000 87,000 7/95 Marietta/Canton Road 600,000 1,443,000 2,043,000 85,000 7/95 Wheeling/Hintz 450,000 1,069,000 1,519,000 60,000 9/95 Hayward/Mission Blvd 1,020,000 2,393,000 3,413,000 128,000 9/95 Park City/Belvidere Road 600,000 1,409,000 2,009,000 75,000 9/95 New Castle/Dupont Parkway 990,000 2,369,000 3,359,000 126,000 9/95 Las Vegas/Rainbow 1,050,000 2,473,000 3,523,000 132,000 Mountain View/Rengstorff 945,000 2,225,000 3,170,000 120,000 9/95 Venice/Cadillac 930,000 2,196,000 3,126,000 118,000 F-28 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 2/95 Decatur/Flat Shoals 970,000 2,379,000 3,349,000 181,000 2/95 Smyrna/S. Cobb 663,000 1,591,000 2,254,000 118,000 2/95 Downey/Bellflower Blvd. 916,000 2,169,000 3,085,000 161,000 2/95 Vallejo/Lincoln 445,000 1,070,000 1,515,000 80,000 2/95 Lynnwood/180th St 516,000 1,286,000 1,802,000 100,000 2/95 Kent/Pacific Hwy 728,000 1,734,000 2,462,000 128,000 2/95 Kirkland 1,254,000 2,949,000 4,203,000 216,000 2/95 Federal Way/Pacific 785,000 1,952,000 2,737,000 149,000 2/95 Tampa/S. Dale Mabry 791,000 1,883,000 2,674,000 138,000 2/95 Burlingame/Adrian Rd 2,280,000 5,375,000 7,655,000 388,000 2/95 Miami/Cloverleaf 606,000 1,438,000 2,044,000 107,000 2/95 Pinole/San Pablo 639,000 1,544,000 2,183,000 116,000 2/95 South Gate/Firestone 1,442,000 3,497,000 4,939,000 271,000 2/95 San Jose/Mabury 892,000 2,088,000 2,980,000 152,000 2/95 La Puente/Valley Blvd 591,000 1,439,000 2,030,000 110,000 2/95 San Jose/Capitol Expwy 1,215,000 2,876,000 4,091,000 211,000 2/95 Milwaukie/40th Street 576,000 1,588,000 2,164,000 204,000 2/95 Portland/N. Lombard 812,000 1,902,000 2,714,000 138,000 2/95 Aventura/Biscayne 1,313,000 3,093,000 4,406,000 226,000 2/95 Chicago/Clark Street 442,000 1,051,000 1,493,000 77,000 2/95 Palatine/Dundee 698,000 1,662,000 2,360,000 124,000 2/95 Williamsville/Transit Rd. 284,000 672,000 956,000 52,000 2/95 Amherst/Sheridan Drive 484,000 1,161,000 1,645,000 91,000 9/95 Simi Valley /Los Angeles Ave. 1,590,000 3,739,000 5,329,000 202,000 9/95 Spring Valley/Foreman Dr. 1,095,000 2,584,000 3,679,000 138,000 9/95 Van Nuys/Balboa Blvd 1,920,000 4,567,000 6,487,000 4,000 10/95 San Lorenzo /Hesperian 1,590,000 3,756,000 5,346,000 4,000 10/95 Chicago/W. 47th Street 300,000 730,000 1,030,000 1,000 10/95 Los Angeles/Eastern Ave. 454,000 1,075,000 1,529,000 1,000 6/95 Portland/Prescott 647,000 1,547,000 2,194,000 88,000 6/95 St. Petersburg/U.S. 19 352,000 854,000 1,206,000 50,000 6/95 Dallas/Audelia Road 1,166,000 2,795,000 3,961,000 164,000 6/95 Miami Gardens 823,000 1,936,000 2,759,000 111,000 6/95 Grand Prairie/19th 566,000 1,359,000 1,925,000 80,000 6/95 Joliet/Jefferson Street 501,000 1,219,000 1,720,000 71,000 6/95 Bridgeton/Pennridge 283,000 678,000 961,000 39,000 6/95 Portland/S.E.92nd 638,000 1,510,000 2,148,000 87,000 6/95 Houston/S.W. Freeway 537,000 1,260,000 1,797,000 72,000 6/95 Milwaukee/Brown Deer 358,000 889,000 1,247,000 53,000 6/95 Orlando/W. Oak Ridge Road 698,000 1,665,000 2,363,000 97,000 F-29 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 6/95 Lauderhill/State Road 7 644,000 1,518,000 2,162,000 88,000 6/95 Orange Park /Blanding Blvd 394,000 924,000 1,318,000 52,000 6/95 St. Petersburg /Joe's Creek 703,000 1,670,000 2,373,000 95,000 6/95 St. Louis/Page Service Drive 531,000 1,275,000 1,806,000 72,000 6/95 Independence /E. 42nd Terr. 438,000 1,062,000 1,500,000 58,000 6/95 Cherry Hill/Dobbs Lane 716,000 1,679,000 2,395,000 96,000 6/95 Edgewater Park/Route 130 683,000 1,601,000 2,284,000 91,000 6/95 Beaverton/S.W. 110 Ct. 572,000 1,344,000 1,916,000 77,000 6/95 Markham/W. 159th Place 230,000 562,000 792,000 32,000 6/95 Houston/N.W. Freeway 447,000 1,116,000 1,563,000 68,000 6/95 Portland/Gantenbein 537,000 1,264,000 1,801,000 73,000 6/95 Upper Chichester/Market St. 569,000 1,337,000 1,906,000 76,000 6/95 Fort Worth/Hwy 80 379,000 908,000 1,287,000 54,000 6/95 Greenfield/ S. 108th 728,000 1,727,000 2,455,000 100,000 6/95 Altamonte Springs 566,000 1,336,000 1,902,000 76,000 6/95 East Hazel Crest/Halsted I 483,000 1,134,000 1,617,000 65,000 6/95 Seattle/Delridge Way 760,000 1,806,000 2,566,000 103,000 6/95 Elmhurst/Lake Frontage Rd 748,000 1,781,000 2,529,000 104,000 6/95 Los Angeles/Beverly Blvd 787,000 1,947,000 2,734,000 120,000 6/95 Lawrenceville/Brunswick Ave. 841,000 1,986,000 2,827,000 113,000 6/95 Richmond/Carlson 865,000 2,061,000 2,926,000 120,000 6/95 Liverpool/Oswego Road 545,000 1,289,000 1,834,000 75,000 6/95 Rochester/East Ave 578,000 1,380,000 1,958,000 83,000 6/95 Pasadena/E. Beltway 757,000 1,772,000 2,529,000 101,000 3/96 Oakland, CA/Hegenberger 1,065,000 2,779,000 3,844,000 75,000 3/96 Saratoga, CA/Sunnyvale 2,339,000 6,087,000 8,426,000 162,000 3/96 Randallstown, MD/Liberty Rd. 1,359,000 3,565,000 4,924,000 97,000 3/96 Plano, TX/Avenue K 650,000 1,714,000 2,364,000 47,000 3/96 Houston, TX/Fondren 543,000 1,402,000 1,945,000 37,000 3/96 Irvine, CA/Hughes 1,920,000 5,089,000 7,009,000 136,000 3/96 Milwaukee, WI/W. Laytonn 542,000 1,405,000 1,947,000 37,000 3/96 Carrollton, TX/I-35 East 578,000 1,498,000 2,076,000 40,000 3/96 Torrance, CA/Lomita 1,415,000 3,726,000 5,141,000 101,000 3/96 Jacksonville/Baymeadows Rd. 713,000 1,851,000 2,564,000 49,000 3/96 Dallas, TX/ERL Thornton Fwy 315,000 818,000 1,133,000 23,000 3/96 Houston, TX/North Fwy 669,000 1,822,000 2,491,000 53,000 3/96 Baltimore, MD/Wever Road 842,000 2,191,000 3,033,000 58,000 3/96 West Haven, CT/Railroad Ave. 740,000 1,913,000 2,653,000 51,000 9/96 Dallas/Royal Lane 1,008,000 2,426,000 3,434,000 5,000 9/96 Colorado Springs/Tomah Drive 731,000 1,785,000 2,516,000 3,000 F-30 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 9/96 Lewisville/S. Stemmons 603,000 1,453,000 2,056,000 3,000 9/96 Las Vegas/Boulder Hwy. 947,000 2,283,000 3,230,000 4,000 9/96 Sarasota/S. Tamiami Trail 583,000 1,414,000 1,997,000 3,000 9/96 Willow Grove/Maryland Road 673,000 1,621,000 2,294,000 3,000 9/96 Houston/W. Montgomery Rd. 524,000 1,263,000 1,787,000 2,000 9/96 Denver/W. Hampden 1,084,000 2,611,000 3,695,000 5,000 9/96 Littleton/Southpark Way 922,000 2,221,000 3,143,000 4,000 9/96 Petaluma/Baywood Drive 861,000 2,082,000 2,943,000 4,000 9/96 Canoga Park/Sherman Way 1,543,000 3,721,000 5,264,000 7,000 9/96 Jacksonville/South Lane Ave. 554,000 1,353,000 1,907,000 3,000 9/96 Newport News/Warwick Blvd. 575,000 1,387,000 1,962,000 3,000 9/96 Greenbrook/Route 22 1,227,000 2,954,000 4,181,000 6,000 9/96 Monsey/Route 59 1,068,000 2,572,000 3,640,000 5,000 9/96 Santa Rosa/Santa Rosa Ave. 575,000 1,385,000 1,960,000 3,000 9/96 Fort Worth/Brentwood Stair 823,000 2,034,000 2,857,000 4,000 9/96 Glendale/San Fernando Road 2,500,000 6,126,000 8,626,000 12,000 9/96 Houston/Harwin 549,000 1,344,000 1,893,000 3,000 9/96 Irvine/Cowan Street 1,890,000 4,631,000 6,521,000 9,000 9/96 Fairfield/Dixie Highway 427,000 1,047,000 1,474,000 2,000 9/96 Mesa/Country Club Drive 701,000 1,722,000 2,423,000 3,000 9/96 San Francisco/Geary Blvd. 2,957,000 7,254,000 10,211,000 14,000 9/96 Houston/Gulf Freeway 701,000 1,723,000 2,424,000 3,000 9/96 Las Vegas/S. Decatur Blvd. 1,037,000 2,543,000 3,580,000 5,000 9/96 Tempe/McKellips Road 1,021,000 2,553,000 3,574,000 5,000 9/96 Richland Hills/Airport Fwy. 473,000 1,165,000 1,638,000 2,000 11/95 Costa Mesa - B 522,000 1,230,000 1,752,000 37,000 11/95 Plano/E. 14th 705,000 1,649,000 2,354,000 50,000 11/95 Citrus Heights/Sunrise Vista 520,000 1,231,000 1,751,000 38,000 11/95 Modesto/Briggsmore Ave 470,000 1,114,000 1,584,000 34,000 11/95 So San Francisco/Spruce II 1,905,000 4,486,000 6,391,000 136,000 11/95 Pacheco/Buchanan Circle 1,681,000 3,961,000 5,642,000 124,000 2/95 Schiller Park/W. Irving 1,688,000 3,987,000 5,675,000 145,000 2/95 Lansing/173rd Street 1,514,000 3,534,000 5,048,000 130,000 2/95 Pleasanton/Boulder Street 1,257,000 2,932,000 4,189,000 112,000 2/95 LA/Sepulveda 1,453,000 3,405,000 4,858,000 121,000 6/96 Las Vegas/Eastern & Harmon 921,000 2,174,000 3,095,000 44,000 6/96 Bedford Park, IL/Sayre 606,000 1,448,000 2,054,000 29,000 6/96 Los Angeles, CA/Manchester 692,000 1,632,000 2,324,000 33,000 6/96 Silver Spring, MD/Burlington 1,513,000 3,535,000 5,048,000 71,000 6/96 Newark, CA/Fircrest Street 1,051,000 2,459,000 3,510,000 49,000 F-31 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 6/96 Brooklyn, NY/Park Ave. 783,000 1,840,000 2,623,000 37,000 12/96 Concord/Treat 1,396,000 3,258,000 4,654,000 0 12/96 Virginia Beach/Holland Road 535,000 1,248,000 1,783,000 0 12/96 San Mateo/E. Delaware 2,408,000 5,619,000 8,027,000 0 12/96 Upper Darby/Lansdowne 899,000 2,272,000 3,171,000 0 12/96 Plymouth Meeting /Chemical 1,109,000 2,802,000 3,911,000 0 12/96 Philadelphia/Byberry 1,019,000 2,575,000 3,594,000 0 12/96 Ft. Lauderdale/State Road 7 1,199,000 3,030,000 4,229,000 0 12/96 Englewood/Costilla 1,739,000 4,393,000 6,132,000 0 12/96 Lilburn/Beaver Ruin Road 600,000 1,515,000 2,115,000 0 12/96 Carmichael/Fair Oaks II 809,000 2,045,000 2,854,000 0 12/96 Portland/Division Street 989,000 2,499,000 3,488,000 0 12/96 Napa/Industrial Way 660,000 1,666,000 2,326,000 0 12/96 Wheatridge/W. 44th Avenue II 1,439,000 3,636,000 5,075,000 0 12/96 Las Vegas/Charleston II 1,049,000 2,651,000 3,700,000 0 12/96 Las Vegas/South Arvill 929,000 2,348,000 3,277,000 0 12/96 Los Angeles/Santa Monica II 3,328,000 8,407,000 11,735,000 0 12/96 Warren/Schoenherr Rd. 749,000 1,894,000 2,643,000 0 12/96 Portland/N.E. 71st Avenue 869,000 2,196,000 3,065,000 0 12/96 Seattle/Pacific Hwy. South 689,000 1,742,000 2,431,000 0 12/96 Broadview/S. 25th Avenue 1,289,000 3,257,000 4,546,000 0 12/96 Winter Springs/W. St. Rte 434 689,000 1,742,000 2,431,000 0 12/96 Tampa/15th Street 420,000 1,060,000 1,480,000 0 12/96 Pompano Beach/S. Dixie Hwy. 930,000 2,292,000 3,222,000 0 12/96 Overland Park/Mastin 990,000 2,440,000 3,430,000 0 12/96 Nashville/Dickerson Pike 990,000 2,440,000 3,430,000 0 12/96 Madison/Gallatin Road 780,000 1,922,000 2,702,000 0 12/96 Auburn/R Street S.E. 690,000 1,700,000 2,390,000 0 12/96 Federal Heights/W. 84th Ave. 720,000 1,774,000 2,494,000 0 12/96 Decatur/Covington II 930,000 2,292,000 3,222,000 0 12/96 Forest Park/Jonesboro Rd. 540,000 1,331,000 1,871,000 0 12/96 Mangonia Park/Australian Ave. 840,000 2,070,000 2,910,000 0 12/96 Whittier/Colima 540,000 1,331,000 1,871,000 0 12/96 Kent/Pacific Hwy South 930,000 2,292,000 3,222,000 0 12/96 Topeka/8th Street 150,000 370,000 520,000 0 12/96 Denver/E. Evans 1,740,000 4,288,000 6,028,000 0 12/96 Pittsburgh/California Ave. 630,000 1,552,000 2,182,000 0 12/96 Ft. Lauderdale/Powerline 660,000 1,626,000 2,286,000 0 12/96 Philadelphia/Oxford 900,000 2,218,000 3,118,000 0 12/96 Dallas/Lemmon Ave. (arlington) 1,710,000 4,214,000 5,924,000 0 F-32 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 12/96 Eagle Rock/Colorado 330,000 813,000 1,143,000 0 12/96 Alsip/115th Street 750,000 1,848,000 2,598,000 0 12/96 Green Acres/Jog Road 600,000 1,479,000 2,079,000 0 12/96 Pompano Beach/Sample Road 1,320,000 3,253,000 4,573,000 0 12/96 Wyndmoor/Ivy Hill 2,160,000 5,323,000 7,483,000 0 12/96 W. Palm Beach/Belvedere 960,000 2,366,000 3,326,000 0 12/96 Renton 174th St. 960,000 2,366,000 3,326,000 0 12/96 Sacramento/Northgate 1,021,000 2,647,000 3,668,000 0 12/96 Phoenix/19th Avenue 991,000 2,569,000 3,560,000 0 12/96 Bedford Park/Cicero 1,321,000 3,426,000 4,747,000 0 12/96 Lake Worth/Lk Worth 1,111,000 2,880,000 3,991,000 0 12/96 Arlington/Algonquin 991,000 2,569,000 3,560,000 0 12/96 Seattle/15th Avenue NE 781,000 2,024,000 2,805,000 0 12/96 Southington/Spring 811,000 2,102,000 2,913,000 0 12/96 Clifton/Broad Street 1,411,000 3,659,000 5,070,000 0 12/96 Hillside/Glenwood A&B 563,000 4,072,000 4,635,000 47,000 1/83 Colorado Springs/Platte 409,000 1,223,000 1,632,000 607,000 5/83 Colorado Springs/Delta Drive 67,000 636,000 703,000 316,000 12/82 Portland/Halsey 357,000 743,000 1,100,000 369,000 12/82 Sacto/Folsom 396,000 883,000 1,279,000 418,000 1/83 Semoran/Extra 442,000 2,181,000 2,623,000 1,116,000 3/83 Blackwood/Peters Lane 213,000 1,823,000 2,036,000 910,000 10/83 Orlando J. Y. Parkway 383,000 1,876,000 2,259,000 907,000 9/83 Southington/Spring St. 124,000 1,574,000 1,698,000 747,000 4/83 Vails Gate 103,000 1,284,000 1,387,000 624,000 6/83 Ventura/Walker 658,000 1,942,000 2,600,000 961,000 9/83 Southhampton/Jaymor 331,000 2,361,000 2,692,000 1,151,000 9/83 Webster/Keystone (Gulf Fwy) 449,000 2,499,000 2,948,000 1,103,000 9/83 Dover/Jefferic 107,000 1,894,000 2,001,000 891,000 9/83 New Castle/New Churchmans 227,000 2,636,000 2,863,000 1,284,000 9/83 Newark/Bellevue Road 208,000 2,369,000 2,577,000 1,142,000 9/83 Langhorne/S Flowers Mill 263,000 4,069,000 4,332,000 1,985,000 8/83 Hobart/Ridge Road 215,000 1,875,000 2,090,000 889,000 9/83 Ft. Wayne/W. Coliseum 160,000 1,563,000 1,723,000 759,000 9/83 Ft. Wayne/Bluffton Rd. 88,000 840,000 928,000 400,000 11/83 Webster/Nasa Road 1 1,570,000 3,712,000 5,282,000 1,872,000 11/83 Aurora/Hanover Way 505,000 1,026,000 1,531,000 482,000 11/83 Campbell/Salmar Avenue 1,379,000 1,242,000 2,621,000 576,000 11/83 CO Springs/Edison (Coulter) 471,000 1,773,000 2,244,000 864,000 11/83 CO Springs/Mt View (Coulter) 320,000 1,224,000 1,544,000 617,000 F-33 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 11/83 Thorton (Coulter)/ York St. 418,000 1,529,000 1,947,000 759,000 11/83 Okla. City (Coulter)/Reno Ave. 454,000 1,747,000 2,201,000 855,000 11/83 Tucson (Coulter)/N Romero Av 343,000 1,320,000 1,663,000 606,000 12/83 Charlotte/South Blvd. 165,000 1,613,000 1,778,000 798,000 12/83 Greensboro/Market St. I 214,000 2,093,000 2,307,000 1,085,000 12/83 Greensboro/Electra Dr. 112,000 1,117,000 1,229,000 556,000 1/83 Raleigh/Yonkers 203,000 1,239,000 1,442,000 614,000 12/83 Columbia/Broad River 171,000 1,766,000 1,937,000 889,000 12/83 Richmond/Jeff. Davis Hwy. 176,000 1,685,000 1,861,000 847,000 12/83 Augusta/Crescent Dr. 97,000 970,000 1,067,000 484,000 4/84 N. Providence/Mineral Spring 92,000 1,380,000 1,472,000 685,000 1/85 Cranston/Freeway Dr. 175,000 986,000 1,161,000 482,000 3/84 Marrietta/S. Cobb Drive 73,000 762,000 835,000 354,000 1/84 Fremont/Albrae 636,000 2,094,000 2,730,000 1,066,000 12/83 Tacoma/24th St. W 553,000 1,549,000 2,102,000 757,000 1/84 Belton/S. 71 Highway 175,000 1,276,000 1,451,000 610,000 1/84 Gladstone/N. Oak Trafficway 275,000 2,146,000 2,421,000 1,062,000 1/84 Kansas City/E. 112th St. Terr. 257,000 2,242,000 2,499,000 1,099,000 1/84 Kansas City/Holmes 289,000 1,569,000 1,858,000 779,000 1/84 Independence/E. 31st Street 221,000 2,142,000 2,363,000 1,070,000 1/84 Merriam/W. Frontage 255,000 1,782,000 2,037,000 858,000 1/84 Olathe/E. Spruce 107,000 1,234,000 1,341,000 607,000 1/84 Shawnee/W. 63rd Street 205,000 1,777,000 1,982,000 860,000 1/84 Topeka/SW 41st Street 75,000 1,245,000 1,320,000 617,000 2/84 Knoxville/Unicorn 662,000 2,268,000 2,930,000 1,132,000 2/84 Knoxville/Central 449,000 1,506,000 1,955,000 761,000 3/84 Manassas/Balls Ford Road 320,000 1,916,000 2,236,000 947,000 3/84 Pico Rivera/Bermudez 743,000 1,124,000 1,867,000 560,000 5/84 Raleigh/Departure Dr. 302,000 2,884,000 3,186,000 1,423,000 4/84 Milwaukie/Oregon McLoughlin 289,000 812,000 1,101,000 397,000 7/84 Trevose/Old Lincoln Hwy. 421,000 2,108,000 2,529,000 1,001,000 5/84 Virginia Beach/S. Independence 509,000 2,728,000 3,237,000 1,315,000 5/84 Philadelphia/Grant Ave. 1,041,000 3,712,000 4,753,000 1,867,000 6/84 Lorton/Richmond Hwy. 435,000 2,532,000 2,967,000 1,235,000 6/84 Baltimore/Shannon Drive 382,000 2,344,000 2,726,000 1,150,000 6/84 Laurel/Bowie Drive 501,000 2,994,000 3,495,000 1,429,000 6/84 Delran/Route 130 279,000 1,707,000 1,986,000 846,000 5/84 Garland/W. Kingsley II 356,000 985,000 1,341,000 490,000 6/84 Orlando/45th Street 226,000 1,099,000 1,325,000 547,000 6/84 Safe Place Cincinnati/Mt Carmel 402,000 1,990,000 2,392,000 946,000 F-34 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 6/84 Safe Place Florence/Industrial R 185,000 1,051,000 1,236,000 494,000 8/84 Medley/NW South River Drive 584,000 1,281,000 1,865,000 633,000 8/84 Oklahoma City/W Reno II 340,000 1,656,000 1,996,000 811,000 8/84 Newport News/Jefferson Av II 356,000 2,841,000 3,197,000 1,381,000 8/84 Kaplan (Irving/East Airport) 677,000 1,923,000 2,600,000 932,000 8/84 Kaplan (Dallas/Walnut Hill) 971,000 2,845,000 3,816,000 1,383,000 9/84 Dallas/Cockrell Hill 380,000 1,885,000 2,265,000 885,000 11/84 Omaha/S. 86th St. 109,000 1,173,000 1,282,000 576,000 11/84 Manchester/South Willow 164,000 1,847,000 2,011,000 885,000 12/84 Austin (Ben White) 325,000 656,000 981,000 313,000 12/84 Austin (Lamar) 643,000 1,237,000 1,880,000 592,000 12/84 Pompano Beach/SW 2nd St. 399,000 1,821,000 2,220,000 851,000 12/84 Fort Worth/Hemphill 122,000 928,000 1,050,000 429,000 11/84 Hialeah/Red Road 886,000 1,981,000 2,867,000 952,000 12/84 Montgomeryville/Route 309 215,000 2,336,000 2,551,000 1,113,000 1/85 Bossier City/Gould Street 184,000 1,800,000 1,984,000 861,000 2/85 Simi Valley 737,000 1,641,000 2,378,000 760,000 3/85 Chattanooga/Pryor Drive 202,000 1,857,000 2,059,000 858,000 2/85 Hurst/Hurst 231,000 1,387,000 1,618,000 651,000 3/85 Portland/92nd Avenue 285,000 1,128,000 1,413,000 543,000 5/85 Longwood/Hwy 17-92 355,000 1,855,000 2,210,000 864,000 3/85 Fern Park I/US Hwy 17-92 144,000 1,277,000 1,421,000 595,000 3/85 Fairfield/Dixie Hwy II 338,000 1,522,000 1,860,000 697,000 4/85 Laguna Hills/El Pacifico 1,224,000 3,633,000 4,857,000 1,694,000 7/85 Columbus (Morse Rd.) 195,000 1,668,000 1,863,000 771,000 7/85 Columbus (Kenny Rd.) 199,000 1,721,000 1,920,000 779,000 5/85 Columbus (Busch Blvd.) 202,000 1,760,000 1,962,000 810,000 5/85 Columbus (Kinnear Rd.) 241,000 2,052,000 2,293,000 945,000 6/85 Grove City/ Marlane Drive 150,000 1,356,000 1,506,000 604,000 6/85 Reynoldsburg/Gender Road 204,000 1,753,000 1,957,000 815,000 5/85 Worthington/Billingsley Rd 221,000 2,029,000 2,250,000 923,000 7/85 Westerville/Westerville Rd. 199,000 1,767,000 1,966,000 785,000 5/85 Upper Arlington/Arl. Ctr. Blvd. 201,000 1,716,000 1,917,000 776,000 7/85 Springfield/W. Leffel 90,000 841,000 931,000 383,000 7/85 Dayton (Needmore Road) 144,000 1,361,000 1,505,000 627,000 7/85 Dayton (Executive Blvd.) 160,000 1,470,000 1,630,000 664,000 7/85 Lilburn/Indian Trail 331,000 1,113,000 1,444,000 501,000 4/85 Austin/ S. First 778,000 1,464,000 2,242,000 677,000 4/85 Cincinnati/ E. Kemper 232,000 1,826,000 2,058,000 819,000 4/85 Cincinnati/ Colerain 253,000 1,999,000 2,252,000 906,000 F-35 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 4/85 Florence/ Tanner Lane 218,000 1,754,000 1,972,000 777,000 5/85 Tacoma/ Phillips Rd. SW 396,000 1,392,000 1,788,000 625,000 5/85 Portland/ Mcloughlin II 458,000 1,027,000 1,485,000 459,000 7/85 San Diego/ Kearny Mesa Rd 783,000 2,073,000 2,856,000 943,000 5/85 Manchester/ S. Willow II 371,000 1,906,000 2,277,000 883,000 6/85 N. Hollywood/ Raymer 967,000 1,100,000 2,067,000 502,000 7/85 Scottsdale/ 70th St 632,000 1,576,000 2,208,000 704,000 7/85 Concord/ Hwy 29 150,000 953,000 1,103,000 421,000 10/85 N. Hollywood/ Whitsett 1,524,000 2,884,000 4,408,000 1,253,000 10/85 Portland/ SE 82nd St 354,000 734,000 1,088,000 332,000 9/85 Madison/ Copps Ave. 450,000 1,469,000 1,919,000 662,000 9/85 Columbus/ Sinclair 307,000 1,032,000 1,339,000 456,000 9/85 Philadelphia/ Tacony St 118,000 1,955,000 2,073,000 871,000 10/85 Perrysburg/ Helen Dr. 110,000 1,428,000 1,538,000 637,000 10/85 Columbus/ Ambleside 124,000 1,342,000 1,466,000 602,000 10/85 Indianapolis/ Pike Plaza 229,000 1,721,000 1,950,000 760,000 10/85 Indianapolis/ Elmwood Ave 198,000 1,513,000 1,711,000 653,000 10/85 East Hartford/ Roberts 219,000 1,809,000 2,028,000 772,000 10/85 Wichita/ S. Rock Rd. 642,000 1,279,000 1,921,000 585,000 10/85 Wichita/ E. Harry 313,000 976,000 1,289,000 435,000 10/85 Wichita/ S. Woodlawn 263,000 816,000 1,079,000 354,000 10/85 Wichita/ E. Kellogg 185,000 534,000 719,000 238,000 10/85 Wichita/ S. Tyler 294,000 1,019,000 1,313,000 451,000 10/85 Wichita/ W. Maple 234,000 632,000 866,000 280,000 10/85 Wichita/W. Carey Lane 192,000 551,000 743,000 246,000 10/85 Wichita/ E. Macarthur 220,000 593,000 813,000 272,000 10/85 Joplin/ S. Range Line 264,000 849,000 1,113,000 386,000 12/85 Milpitas/Pecten Ct. 1,623,000 1,858,000 3,481,000 796,000 12/85 Pleasanton/ Santa Rita 1,226,000 2,369,000 3,595,000 1,002,000 7/88 Fort Wayne/Illinois Rd. 101,000 1,531,000 1,632,000 521,000 10/85 San Antonio/ Wetmore Rd. 306,000 1,418,000 1,724,000 613,000 10/85 San Antonio/ Callaghan 288,000 1,303,000 1,591,000 563,000 10/85 San Antonio/ Zarzamora 364,000 1,616,000 1,980,000 693,000 10/85 San Antonio/ Hackberry 388,000 1,678,000 2,066,000 725,000 10/85 San Antonio/ Fredericksburg 287,000 1,305,000 1,592,000 563,000 10/85 Dallas/ S. Westmoreland 474,000 1,771,000 2,245,000 818,000 10/85 Dallas/ Alvin St. 359,000 1,353,000 1,712,000 621,000 10/85 Fort Worth/ W. Beach St. 356,000 1,334,000 1,690,000 618,000 10/85 Fort Worth/ E. Seminary 382,000 1,442,000 1,824,000 662,000 10/85 Fort Worth/ Cockrell St. 323,000 1,226,000 1,549,000 567,000 F-36 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 11/85 Everett/ Evergreen 706,000 2,619,000 3,325,000 1,234,000 11/85 Seattle/ Empire Way I 1,652,000 5,746,000 7,398,000 2,653,000 12/85 Amherst/ Niagra Falls 132,000 879,000 1,011,000 415,000 12/85 Kearns/West Sams Blvd. 164,000 819,000 983,000 383,000 3/86 Jacksonville/ Hyde Park 140,000 682,000 822,000 300,000 12/85 Whitehall/MacArthur Rd. 204,000 1,716,000 1,920,000 782,000 2/86 Costa Mesa/ Pomona 1,405,000 1,784,000 3,189,000 798,000 12/85 Brockton/ Main St. 153,000 1,711,000 1,864,000 797,000 1/86 Mapleshade/ Rudderow 362,000 1,975,000 2,337,000 883,000 1/86 Bordentown/ Groveville 196,000 1,077,000 1,273,000 480,000 12/85 Eatontown/Hwy 35 308,000 4,329,000 4,637,000 1,961,000 2/86 Brea/Imperial Hwy 1,069,000 2,418,000 3,487,000 1,108,000 12/85 Denver/ Leetsdale I 603,000 1,001,000 1,604,000 457,000 2/86 Skokie/McCormick 638,000 2,068,000 2,706,000 909,000 1/86 Sun Valley/Sheldon 544,000 2,063,000 2,607,000 910,000 3/86 St. Louis/ Forder Rd. 517,000 1,303,000 1,820,000 576,000 1/86 Las Vegas/ Highland Drive 432,000 1,024,000 1,456,000 451,000 5/86 Westlake Village 1,205,000 1,159,000 2,364,000 500,000 2/86 Colorado Springs/ Sinton Road 535,000 1,244,000 1,779,000 543,000 2/86 Oklahoma City/ N. Penn 146,000 934,000 1,080,000 410,000 2/86 Oklahoma City/ 39th Expressway 238,000 1,009,000 1,247,000 421,000 4/86 Reno/ Telegraph Rd. 649,000 1,382,000 2,031,000 615,000 7/86 Colorado Springs/ Hollow Tree 574,000 914,000 1,488,000 384,000 4/86 St. Louis/Kirkham 199,000 1,085,000 1,284,000 494,000 4/86 St. Louis/Reavis Barracks Rd. 192,000 1,049,000 1,241,000 476,000 4/86 Fort Worth/East Loop 820 196,000 912,000 1,108,000 404,000 6/86 Richland Hills/Baker Blvd. II 543,000 1,151,000 1,694,000 573,000 5/86 Sacramento/Franklin Blvd. 872,000 1,250,000 2,122,000 574,000 6/86 West Valley/So. 3600 West 208,000 1,680,000 1,888,000 749,000 7/86 West LA/Purdue Ave. 2,415,000 3,660,000 6,075,000 1,627,000 7/86 Capital Heights/Central Ave. 649,000 3,910,000 4,559,000 1,744,000 10/86 Fremont/Peralta 851,000 1,243,000 2,094,000 542,000 7/86 Pontiac/Dixie Hwy. 259,000 2,008,000 2,267,000 898,000 8/86 Laurel/Ft. Meade Rd. 475,000 1,591,000 2,066,000 701,000 9/86 Kansas City/S. 44th. 509,000 2,170,000 2,679,000 981,000 10/86 Birmingham/Highland 27th Pl. 89,000 832,000 921,000 359,000 10/86 Birmingham/Riverchase 262,000 1,595,000 1,857,000 704,000 10/86 Birmingham/Eastwood Oporto 166,000 1,286,000 1,452,000 552,000 10/86 Birmingham/Forestdale Pebble 152,000 1,023,000 1,175,000 445,000 10/86 Birmingham/Centerpoint Rd. 265,000 1,422,000 1,687,000 613,000 F-37 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 10/86 Birmingham/Roebuck Plaza 101,000 545,000 646,000 221,000 10/86 Birmingham/Greensprings 347,000 1,381,000 1,728,000 599,000 10/86 Birmingham/Hoover-Lorna 372,000 1,345,000 1,717,000 582,000 10/86 Midfield/Bessemer Spr. Hwy. 170,000 525,000 695,000 216,000 10/86 Huntsville/Leeman Ferry Rd. 158,000 1,139,000 1,297,000 503,000 10/86 Huntsville/Drake Ave. 253,000 1,293,000 1,546,000 564,000 10/86 Anniston/Whiteside 59,000 636,000 695,000 297,000 10/86 Houston/Glenvista St. 595,000 1,372,000 1,967,000 552,000 10/86 Houston/I-45 (North Fwy) 704,000 1,702,000 2,406,000 688,000 10/86 Houston/Rogerdale Rd. 1,631,000 3,035,000 4,666,000 1,324,000 10/86 Houston/Gessner 1,032,000 2,236,000 3,268,000 862,000 10/86 Houston/Richmond-Fairdale 1,502,000 3,224,000 4,726,000 1,276,000 10/86 Houston/Gulfton 1,732,000 3,796,000 5,528,000 1,685,000 10/86 Houston/Westpark 503,000 927,000 1,430,000 407,000 10/86 Jonesboro/Jonesboro Road 157,000 841,000 998,000 358,000 9/86 Lakewood/W. 6th Ave. 1,070,000 3,584,000 4,654,000 1,532,000 10/86 Pilgrim/Houston/Loop 610 1,299,000 4,790,000 6,089,000 1,746,000 10/86 Pilgrim/Houston/S.W. Freeway 904,000 2,783,000 3,687,000 1,121,000 10/86 Pilgrim/Houston/FM 1960 662,000 1,551,000 2,213,000 779,000 10/86 Pilgrim/Houston/Old Katy Rd. 1,365,000 4,258,000 5,623,000 1,646,000 10/86 Pilgrim/Houston/Long Point 451,000 1,617,000 2,068,000 665,000 10/86 Austin/Research Blvd. 1,390,000 2,013,000 3,403,000 828,000 12/86 Lynnwood/196th St. SW 1,063,000 1,885,000 2,948,000 763,000 12/86 Auburn/Auburn Way North 606,000 1,437,000 2,043,000 601,000 12/86 Gresham/Burnside 351,000 1,345,000 1,696,000 559,000 12/86 Denver/Sheridan Blvd. 1,033,000 3,286,000 4,319,000 1,318,000 12/86 Marietta/Cobb Pkwy. II 536,000 3,270,000 3,806,000 1,338,000 12/86 Hillsboro/Tualatin Hwy. 461,000 855,000 1,316,000 329,000 11/86 Arleta/Osborne St. 987,000 880,000 1,867,000 349,000 4/87 City of Industry/Amar Rd. 748,000 2,376,000 3,124,000 606,000 3/87 Annandale/Ravensworth 679,000 1,776,000 2,455,000 724,000 5/87 OK City/W. Hefner 459,000 1,136,000 1,595,000 453,000 12/86 San Antonio/W Sunset Rd. 1,206,000 1,982,000 3,188,000 776,000 8/86 Hammond/Calumet 97,000 1,171,000 1,268,000 441,000 7/86 Portland/Moody St. 663,000 1,549,000 2,212,000 600,000 7/87 Oakbrook/Roosevelt Road 912,000 2,902,000 3,814,000 1,273,000 10/87 Plantation/S. State Rd. 924,000 1,796,000 2,720,000 763,000 2/88 Anaheim/N. Lakeview 995,000 1,730,000 2,725,000 700,000 8/87 San Antonio/Austin Hwy. 400,000 899,000 1,299,000 374,000 10/87 Rockville/Fredrick Rd. 1,695,000 3,474,000 5,169,000 1,465,000 F-38 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 1/96 San Antonio, TX/San Pedro 912,000 2,203,000 3,115,000 81,000 1/96 San Francisco/ Second St. 2,880,000 6,849,000 9,729,000 252,000 1/96 San Gabriel 1,005,000 2,377,000 3,382,000 89,000 2/96 Naples, FL/Old US 41 849,000 2,031,000 2,880,000 62,000 2/96 Lake Worth, FL/S. Military Tr. 1,782,000 4,754,000 6,536,000 131,000 2/96 Brandon, FL/W Brandon Blvd. 1,928,000 4,574,000 6,502,000 139,000 2/96 Coral Springs FL/W Sample Rd. 3,480,000 8,180,000 11,660,000 246,000 2/96 Delray Beach FL/S Military Tr 940,000 2,249,000 3,189,000 69,000 2/96 Jupiter FL/Military Trail 2,280,000 5,356,000 7,636,000 161,000 2/96 Lake Worth FL/Lk Worth Rd 736,000 1,770,000 2,506,000 54,000 4/96 Naples, FL/Radio Road 1,187,000 2,823,000 4,010,000 85,000 2/96 New Port Richey FL/State rd 54 856,000 2,048,000 2,904,000 63,000 2/96 Pompano Beach FL/ W Copans 1,600,000 3,800,000 5,400,000 116,000 2/96 Sanford FL/S Orlando Dr 734,000 1,761,000 2,495,000 54,000 6/96 Boca Raton FL/Boca Rio Road 3,180,000 7,515,000 10,695,000 127,000 9/96 Spring Valley/S Pascack rd NY 1,260,000 2,983,000 4,243,000 39,000 6/96 Venice FL/S. US 41 Bypass 669,000 1,593,000 2,262,000 32,000 7/96 Glen Burnie/Furnace Br Rd MD 1,755,000 4,175,000 5,930,000 69,000 10/96 Virginia Beach/Southern Blvd 282,000 632,000 914,000 4,000 10/96 Chesapeake/Military Hwy 912,000 1,995,000 2,907,000 14,000 10/96 Hampton/Pembroke Road 1,080,000 2,370,000 3,450,000 17,000 10/96 Norfolk/Widgeon Road 1,110,000 2,427,000 3,537,000 17,000 10/96 Richmond/Bloom Lane 1,188,000 2,533,000 3,721,000 18,000 10/96 Richmond/Midlothian Tnpk. 762,000 1,610,000 2,372,000 11,000 10/96 Roanoke/Peters Creek Road 819,000 1,797,000 2,616,000 13,000 10/96 Orlando/E Oakridge Rd 927,000 2,058,000 2,985,000 15,000 10/96 Fern Park/South Hwy 17-92 1,170,000 2,577,000 3,747,000 18,000 11/96 Bossier City LA/Barksdale 633,000 1,502,000 2,135,000 5,000 10/96 Austin/Renelli 1,710,000 3,990,000 5,700,000 27,000 10/96 Austin/Santiago 900,000 2,101,000 3,001,000 14,000 10/96 Dallas/East N.W. Highway 698,000 1,634,000 2,332,000 11,000 10/96 Dallas/Denton Drive 900,000 2,113,000 3,013,000 14,000 10/96 Houston/Hempstead 518,000 1,212,000 1,730,000 8,000 10/96 Pasadena/So. Shaver 420,000 986,000 1,406,000 7,000 12/96 Cherry Hill/Old Cuthbert 645,000 1,511,000 2,156,000 0 12/96 Oklahoma City/SW 74th Exprw. 375,000 879,000 1,254,000 0 12/96 Oklahoma City/S Santa Fe 360,000 843,000 1,203,000 0 12/96 Oklahoma City/S. May 360,000 843,000 1,203,000 0 12/96 Arlington/S. Watson Rd. 930,000 2,170,000 3,100,000 0 12/96 Richardson/E. Arapaho 1,290,000 3,010,000 4,300,000 0 F-39 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 10/96 Houston/Joel Wheaton Rd 465,000 1,085,000 1,550,000 4,000 10/96 Mt Holly/541 Bypass 360,000 843,000 1,203,000 3,000 11/96 Forest Park/I-75 Frontage 270,000 633,000 903,000 2,000 11/96 Town East/Mesquite US Hwy 80 330,000 772,000 1,102,000 3,000 7/95 Artesia/Artesia 668,000 731,000 1,399,000 49,000 7/95 Arcadia/Lower Azusa 878,000 701,000 1,579,000 54,000 7/95 Dallas/Kingsly IV 1,171,000 835,000 2,006,000 62,000 7/95 Manassas/Centreville 433,000 1,091,000 1,524,000 73,000 7/95 Los Angeles/San Pedro St. 1,719,000 1,735,000 3,454,000 120,000 7/95 Bellevue/Northup 1,317,000 1,644,000 2,961,000 103,000 7/95 Hollywood/Willoughby 1,701,000 922,000 2,623,000 65,000 7/95 Atlanta/John Wesley Dobbs Av 1,319,000 812,000 2,131,000 67,000 7/95 Montebello/S. Maple Ave 1,362,000 1,178,000 2,540,000 85,000 7/95 Lake City/Forest Parkway 266,000 706,000 972,000 47,000 7/95 Baltimore/W Patapsco 430,000 1,355,000 1,785,000 84,000 7/95 Fraser/Groesbeck Hwy 393,000 904,000 1,297,000 60,000 7/95 Vallejo/Mini Drive 599,000 911,000 1,510,000 66,000 9/95 Whittier 215,000 1,080,000 1,295,000 160,000 9/95 Van Nuys/Balboa 295,000 1,839,000 2,134,000 244,000 9/95 Huntington Beach/McFadden 176,000 1,100,000 1,276,000 146,000 9/95 Monterey Park 124,000 1,163,000 1,287,000 151,000 9/95 Downey 191,000 1,120,000 1,311,000 153,000 9/95 Walnut B 85,000 1,192,000 1,277,000 136,000 9/95 Stockton 151,000 1,035,000 1,186,000 119,000 9/95 Del Amo 474,000 1,887,000 2,361,000 278,000 9/95 Carson/Del Amo Blvd. 375,000 829,000 1,204,000 92,000 9/95 Fresno 44,000 1,298,000 1,342,000 123,000 1/96 Bensenville/York Rd 667,000 2,135,000 2,802,000 65,000 1/96 Louisville/Preston Hwy 211,000 1,409,000 1,620,000 42,000 1/96 San Jose/Aborn Road 615,000 1,785,000 2,400,000 55,000 1/96 Englewood/Federal 481,000 1,853,000 2,334,000 58,000 1/96 W. Hollywood/Santa Monica 3,415,000 6,089,000 9,504,000 171,000 1/96 Orland Hills/W. 159th 917,000 3,179,000 4,096,000 98,000 1/96 Merrionette Park/S Kedzie 818,000 2,687,000 3,505,000 78,000 1/96 Denver/S Quebec 1,849,000 2,579,000 4,428,000 74,000 1/96 Tigard/S.W. Pacific Hwy 633,000 1,605,000 2,238,000 47,000 1/96 Coram/Middle Country Road 507,000 1,893,000 2,400,000 52,000 1/96 Houston/FM 1960 635,000 1,719,000 2,354,000 52,000 1/96 Kent/Military Trail 409,000 2,219,000 2,628,000 59,000 1/96 Turnersville/Black Horse Pike 165,000 1,810,000 1,975,000 52,000 F-40 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 1/96 Sewell/Rts. 553 323,000 1,518,000 1,841,000 44,000 1/96 Maple Shade/Fellowship Rd. 331,000 1,888,000 2,219,000 51,000 1/96 Hyattsville/Kenilworth 509,000 2,335,000 2,844,000 62,000 1/96 Waterbury/Captain Neville Dr 434,000 2,776,000 3,210,000 65,000 1/96 Bedford Hts/Miles Road 835,000 2,096,000 2,931,000 59,000 1/96 Livonia/Newburgh 635,000 1,872,000 2,507,000 51,000 1/96 Sunland/Sunland Blvd. 631,000 2,614,000 3,245,000 64,000 1/96 Des Moines/Des Moines Way 448,000 1,794,000 2,242,000 51,000 1/96 Oxonhill/Indianhead Hwy 772,000 2,680,000 3,452,000 67,000 1/96 Sacramento/N. 16th 582,000 3,473,000 4,055,000 76,000 1/96 Houston/Westheimer II 1,508,000 3,025,000 4,533,000 81,000 1/96 San Pablo/San Pablo Ave. 565,000 1,637,000 2,202,000 42,000 1/96 Bowie/Woodcliff 718,000 3,105,000 3,823,000 71,000 1/96 Milwaukee/S. 84th 444,000 2,485,000 2,929,000 61,000 1/96 Clinton/Malcolm Road 593,000 2,825,000 3,418,000 62,000 4/96 San Diego/54th & Euclid 880,000 3,142,000 4,022,000 84,000 4/96 Miami/5th Street 2,151,000 3,911,000 6,062,000 89,000 4/96 Silver Springs/Hillwood 852,000 2,547,000 3,399,000 66,000 4/96 Chicago/E. 95th Street 367,000 2,888,000 3,255,000 81,000 4/96 Chicago/S. Harlem 731,000 1,751,000 2,482,000 47,000 4/96 St. Charles/Highway 94 576,000 1,847,000 2,423,000 51,000 4/96 Chicago/Burr Ridge Road 389,000 2,669,000 3,058,000 76,000 4/96 St. Louis/Hwy. 141 609,000 1,993,000 2,602,000 51,000 4/96 Island Park/Austin 2,138,000 3,708,000 5,846,000 97,000 4/96 Yonkers/Route 9A 1,767,000 4,710,000 6,477,000 113,000 4/96 Los Angeles/Glendale Blvd. 2,139,000 6,742,000 8,881,000 160,000 4/96 Akron/Brittain Rd. 254,000 2,747,000 3,001,000 63,000 4/96 Chicago/Harlem Ave. 1,322,000 3,722,000 5,044,000 82,000 4/96 Bethesda/Butler Road 1,059,000 3,109,000 4,168,000 64,000 4/96 Dundalk/Wise Avenue 413,000 2,442,000 2,855,000 46,000 4/96 Chicago/Pulaski 764,000 1,906,000 2,670,000 6,000 4/96 Las Vegas/Desert Inn 1,115,000 2,738,000 3,853,000 9,000 4/96 Torrance/Crenshaw 916,000 2,247,000 3,163,000 7,000 4/96 Weymouth, WA state 485,000 1,193,000 1,678,000 4,000 4/96 St. Louis/Barrett Station Road 630,000 1,552,000 2,182,000 5,000 4/96 Rockville/Randolph 1,153,000 2,823,000 3,976,000 9,000 4/96 Simi Valley/Easy Street 970,000 2,377,000 3,347,000 8,000 4/96 Houston/Galleria 1,390,000 3,426,000 4,816,000 11,000 3/96 Sandy Springs/Roswell 898,000 3,670,000 4,568,000 110,000 7/96 Lakewood/W Hampden CO 717,000 2,119,000 2,836,000 35,000 F-41 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- MINI-WAREHOUSES 8/96 Norcross/Holcomb Bridge Rd 955,000 3,133,000 4,088,000 41,000 12/96 Lake Forest/Cooks Bay Dr 971,000 2,475,000 3,446,000 0 COMMERCIAL PROPERTIES 12/81 South Houston/So. Shaver 354,000 2,161,000 2,515,000 1,285,000 5/94 Monterey Park 2,700,000 6,440,000 9,140,000 707,000 6/95 Cerritos/Edwards Road 516,000 1,369,000 1,885,000 96,000 6/95 Milwaukie II/SE Intl Way 411,000 1,132,000 1,543,000 73,000 6/95 Renton/Rainier 295,000 716,000 1,011,000 42,000 9/96 San Diego/Lusk 1,522,000 3,679,000 5,201,000 7,000 9/96 Alexandria/Eisenhower 1,463,000 3,660,000 5,123,000 7,000 9/96 Torrance/Crenshaw 457,000 1,141,000 1,598,000 2,000 11/95 Camarillo/Ventura Blvd 180,000 435,000 615,000 15,000 3/96 San Jose, CA 3,458,000 8,714,000 12,172,000 234,000 12/83 Signal Hill/Bus. Park 1,195,000 3,333,000 4,528,000 1,532,000 12/83 Lakewood 2,513,000 6,242,000 8,755,000 3,580,000 3/84 Austin 4,321,000 9,315,000 13,636,000 4,880,000 3/85 Pacific Scene 1,536,000 7,991,000 9,527,000 4,094,000 7/85 Timberway 2,221,000 15,279,000 17,500,000 7,591,000 10/85 One Park Ten 2,365,000 9,699,000 12,064,000 4,108,000 10/85 Park Terrace 943,000 3,558,000 4,501,000 2,280,000 2/86 San Diego/ Knoll Mission 1,967,000 8,934,000 10,901,000 4,521,000 3/86 Fox Hills/ Culver City 7,544,000 15,045,000 22,589,000 7,486,000 3/86 Tempe/University (Silvergate) 4,201,000 7,427,000 11,628,000 3,898,000 5/86 Signal Hill/Parkway 2,463,000 5,856,000 8,319,000 2,740,000 7/86 Mesa West Commercial Plaza 1,333,000 3,730,000 5,063,000 1,802,000 7/86 University Corp. Center 1,419,000 4,025,000 5,444,000 1,900,000 5/87 Carson/Leapwood 2,535,000 3,785,000 6,320,000 1,808,000 10/96 La Prada 495,000 1,155,000 1,650,000 4,000 10/96 Eastgate/NW Highway 480,000 1,140,000 1,620,000 4,000 10/96 Quail Valley 360,000 846,000 1,206,000 3,000 11/96 Downtn Business Ctr/Nashville 660,000 1,540,000 2,200,000 5,000 11/96 Airport South/Nashville 660,000 1,540,000 2,200,000 5,000 11/96 Woodbridge/Business Ctr Rd 1,350,000 3,150,000 4,500,000 10,000 12/96 Broken Arrow/W Concorde Cir 840,000 1,960,000 2,800,000 0 10/96 Little Rock/John Barrow Road 780,000 1,826,000 2,606,000 6,000 10/96 Tulsa/S. Peoria 375,000 875,000 1,250,000 3,000 2/96 12345 Ventura Bl., Studio City 916,000 2,511,000 3,427,000 62,000 F-42 PUBLIC STORAGE, INC. SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION Gross Carrying Amount Date At December 31, 1996 Accumulated Acquired Description Land Buildings Total Depreciation ----------------------------------------------------------------------------------------------------------- 2/95 Milwaukie/40th Street 600,000 1,476,000 2,076,000 40,000 OTHER PROPERTIES 1/96 Glendale/Western Avenue 1,622,000 6,173,000 7,795,000 408,000 Construction in Progress 35,815,000 35,815,000 0 Vacant Land 1,306,000 1,306,000 0 Other Encumbrances =============== ================ ================ ============== $596,141,000 $1,625,172,000 $2,221,313,000 $297,655,000 =============== ================ ================ ============== F-43