Exhibit 99.1



News Release

Public Storage
701 Western Avenue
Glendale, CA 91201-2349
www.publicstorage.com
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                                                    For Release:  Immediately
                                                    Date: September 8, 2008
                                                    Contact:  Clemente Teng
                                                    (818) 244-8080

             PUBLIC STORAGE ANNOUNCES ADDITION TO THE EXECUTIVE TEAM

GLENDALE,  California - Public Storage  (NYSE:PSA)  announced today that Mark C.
Good has joined the Company as Senior Vice President and Chief Operating Officer
of Public Storage  reporting to Ronald L. Havner,  Jr., the Company's  President
and Chief Executive Officer.

Before joining  Public  Storage,  Mr. Good was with Sears  Holdings  Corporation
since 1997,  where he was Executive Vice President and General  Manager of Sears
Home Services,  the nation's  largest home appliance repair and home improvement
services  organization with annual revenues of approximately $3 billion. In this
position,  he  was  directly  responsible  for  30,000  associates,  five  parts
distribution  centers,  31 automated repair facilities for "carry-in"  products,
360 branch  locations,  domestic and offshore  call  centers,  110 home delivery
distribution  centers and other support operations.  Mark received his B.A. from
the  University  of  California  at  Berkeley  in 1978  and an  M.B.A.  from San
Francisco State University in 1981.

"During  his  tenure at Sears,  Mark  implemented  industry  changing  operating
processes  through change  management and leading  technologies,  while aligning
associates' goals and behavior with customer and shareholder expectations," said
CEO Ronald L. Havner,  Jr. "I am delighted to have Mark join our management team
and bring his broad business experience to Public Storage."

About Public Storage
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Public  Storage,  a member of the S&P 500 and The Forbes Global 2000, is a fully
integrated, self-administered and self-managed real estate investment trust that
primarily acquires,  develops,  owns and operates self-storage  facilities.  The
Company's  headquarters are located in Glendale,  California.  At June 30, 2008,
the Company had interests in 2,015 self-storage  facilities located in 38 states
with approximately 127 million net rentable square feet in the United States and
179  storage   facilities   located  in  seven  Western  European  nations  with
approximately nine million net rentable square feet.

Additional  information  about  Public  Storage  is  available  on our  website,
www.publicstorage.com.