Summary of U-STORE-IT TRUST

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Trustee

On November 5, 2009, Mr. C.E. Andrews notified the Board of Trustees (the "Board") of U-Store-It Trust (the "Company") of his intention to resign from the Company's Board effective immediately. Mr. Andrews has served as a trustee since December 11, 2008 and was a member of the Board's Audit Committee and the Corporate Governance and Nominating Committee. He resigned in order to devote more time to his other interests outside of the Company. Mr. Andrews' resignation was not due to any disagreement with the Board or the management of the Company regarding any matter relating to the Company's operations, policies or practices.

Appointment of New Trustee

On November 5, 2009, the Board appointed John F. Remondi to serve as a member of the Company's Board effective immediately in order to fill the vacancy created by the resignation of Mr. Andrews. Mr. Remondi was appointed pursuant to the Second Amended and Restated Bylaws of the Company which provide that the Board has the sole authority to fill any vacancy on the Board. Mr. Remondi has not yet been appointed to serve on any committees of the Board. There were no arrangements or understandings between Mr. Remondi and any person pursuant to which he was elected a trustee. A description of the compensation payable to members of the Company's Board was included in the Company's Proxy Statement filed with the Securities and Exchange Commission on April 13, 2009.

Mr. Remondi is Vice Chairman and Chief Financial Officer of SLM Corporation ("SLM"). Prior to rejoining SLM in 2008, Mr. Remondi served as Portfolio Manager to PAR Capital Management Corp. in Boston, Massachusetts. From 1999-2005 Mr. Remondi served in several financial positions with SLM, including its Executive Vice President, Corporate Finance. In addition to his experience at SLM Corporation, Mr. Remondi served in corporate finance positions with New England Education Loan Marketing Corporation and BayBank Boston.

On November 10, 2009, the Company issued a press release regarding the appointment of Mr. Remondi to the Company's Board. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.