Canadian Real Estate Investment Trust (“CREIT”) (TSX:REF.UN) announced that it is suspending its Unitholder Distribution Reinvestment Plan (the “DRIP”) and the Unit Purchase Plan (the “UPP”) until further notice, in connection with the proposed plan of arrangement involving Choice Properties Real Estate Investment Trust.

The DRIP offers registered Unitholders an opportunity to automatically reinvest monthly distributions in additional CREIT units without the payment of any brokerage commissions. Unitholders who elected to participate in the DRIP will receive cash distributions beginning on the March 14, 2018 distribution payment date. The DRIP will not be available for all future monthly distributions until further notice. Unitholders who elected to participate in the UPP will not have funds withdrawn for purchases of units previously scheduled to be made following the date of this announcement. The UPP will not be available until further notice.

About CREIT

CREIT is a real estate investment trust focused on accumulating and aggressively managing a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a diversified portfolio of retail, industrial and office properties.

Contact

For further information, please contact:

Stephen Johnson                             Chief Executive Officer416-628-7878                    sjohnson@creit.ca                

Rael Diamond                   Chief Operating Officer 416-628-7861                    rdiamond@creit.ca    

Mario BarrafatoChief Financial Officer416-628-7872mbarrafato@creit.ca