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PUBLIC STORAGE, INC.
SCHEDULE III - REAL ESTATE
AND ACCUMULATED DEPRECIATION
Adjustments
Resulting from
Initial Cost Costs the Acquisition Gross Carrying Amount
Date Encum- Buildings & Subsequent of Minority At December 31, 2003 Accumulated
Acquired Description brances Land Improvements to Acquisition Interest Land Building Total Depreciation
F-47
10/1/85 Wichita/W.Maple - 234,000 805,000 (46,000) 313,000 234,000 1,072,000 1,306,000 602,000
11/1/85 Everett/Evergreen - 706,000 2,294,000 624,000 1,076,000 706,000 3,994,000 4,700,000 2,260,000
11/1/85 Seattle/EmpireWay - 1,652,000 5,348,000 695,000 2,198,000 1,653,000 8,240,000 9,893,000 4,682,000
12/1/85 Amherst/NiagraFalls - 132,000 701,000 264,000 400,000 132,000 1,365,000 1,497,000 787,000
12/1/85 Brockton/Main - 153,000 2,020,000 (184,000) 678,000 153,000 2,514,000 2,667,000 1,421,000
12/1/85 Denver/Leetsdale - 603,000 847,000 265,000 408,000 603,000 1,520,000 2,123,000 840,000
12/1/85 Eatontown/Hwy35 - 308,000 4,067,000 498,000 1,648,000 308,000 6,213,000 6,521,000 3,518,000
12/1/85 MacArthurRd. - 204,000 1,628,000 203,000 638,000 204,000 2,469,000 2,673,000 1,393,000
12/1/85 Milpitas - 1,623,000 1,577,000 300,000 913,000 1,624,000 2,789,000 4,413,000 1,492,000
12/1/85 Pleasanton/SantaRita - 1,226,000 2,078,000 402,000 1,160,000 1,227,000 3,639,000 4,866,000 1,926,000
12/1/85 WestSamsBlvd. - 164,000 1,159,000 (240,000) 383,000 164,000 1,302,000 1,466,000 751,000
1/1/86 Bordentown/Groveville - 196,000 981,000 187,000 471,000 196,000 1,639,000 1,835,000 912,000
1/1/86 LasVegas/Highland - 432,000 848,000 288,000 420,000 432,000 1,556,000 1,988,000 873,000
1/1/86 Mapleshade/Rudderow - 362,000 1,811,000 360,000 825,000 362,000 2,996,000 3,358,000 1,649,000
1/1/86 SunValley/Sheldon - 544,000 1,836,000 375,000 793,000 544,000 3,004,000 3,548,000 1,712,000
2/1/86 Brea/ImperialHwy - 1,069,000 2,165,000 384,000 954,000 1,069,000 3,503,000 4,572,000 1,985,000
2/1/86 ColoradoSprings/Sinton - 535,000 1,115,000 393,000 631,000 535,000 2,139,000 2,674,000 1,108,000
2/1/86 CostaMesa/Pomona - 1,405,000 1,520,000 387,000 693,000 1,406,000 2,599,000 4,005,000 1,479,000
2/1/86 OklahomaCity/39th - 238,000 812,000 356,000 477,000 238,000 1,645,000 1,883,000 925,000
2/1/86 OklahomaCity/Penn - 146,000 829,000 165,000 406,000 146,000 1,400,000 1,546,000 792,000
2/1/86 Skokie/McCormick - 638,000 1,912,000 288,000 779,000 638,000 2,979,000 3,617,000 1,656,000
3/1/86 Jacksonville/Wiley - 140,000 510,000 297,000 331,000 140,000 1,138,000 1,278,000 643,000
3/1/86 St.Louis/Forder - 517,000 1,133,000 348,000 534,000 517,000 2,015,000 2,532,000 1,106,000
3/3/86 Tampa/56th 262,000 450,000 1,360,000 564,000 - 450,000 1,924,000 2,374,000 1,343,000
4/1/86 FortWorth/EastLoop - 196,000 804,000 270,000 369,000 196,000 1,443,000 1,639,000 833,000
4/1/86 Reno/Telegraph - 649,000 1,051,000 540,000 682,000 649,000 2,273,000 2,922,000 1,289,000
4/1/86 St.Louis/Kirkham - 199,000 1,001,000 238,000 401,000 199,000 1,640,000 1,839,000 953,000
4/1/86 St.Louis/Reavis - 192,000 958,000 216,000 384,000 192,000 1,558,000 1,750,000 918,000
5/1/86 Sacramento/FranklinBlvd. - 872,000 978,000 492,000 389,000 872,000 1,859,000 2,731,000 1,113,000
5/1/86 WestlakeVillage - 1,205,000 995,000 251,000 429,000 1,206,000 1,674,000 2,880,000 940,000
6/1/86 RichlandHills - 543,000 857,000 448,000 404,000 543,000 1,709,000 2,252,000 1,027,000
6/1/86 WestValley/So.3600 - 208,000 1,552,000 450,000 413,000 208,000 2,415,000 2,623,000 1,356,000
7/1/86 CapitalHeights/CentralAve. - 649,000 3,851,000 414,000 1,277,000 649,000 5,542,000 6,191,000 3,116,000
7/1/86 ColoradoSprings/HollowTree - 574,000 726,000 319,000 426,000 574,000 1,471,000 2,045,000 786,000
7/1/86 Pontiac/DixieHwy. - 259,000 2,091,000 171,000 756,000 259,000 3,018,000 3,277,000 1,669,000
7/1/86 Portland/JohnsLandingArea - 663,000 1,637,000 (16,000) 538,000 663,000 2,159,000 2,822,000 1,263,000
7/1/86 WestLA/PurdueAve. - 2,415,000 3,585,000 256,000 1,212,000 2,417,000 5,051,000 7,468,000 2,866,000