TORONTO, ONTARIO--(Marketwire - Jan. 14, 2011) -  Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its January 2011 monthly distribution in the amount of 11.75 cents per unit (C$1.41 annualized). The January distribution will be payable on February 14, 2011 to Unitholders of record January 31, 2011.

CREIT is a real estate investment trust focused on accumulating 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, office and industrial properties.

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Contact Information: Canadian Real Estate Investment Trust
Tim McSorley
Vice President and CFO