Source: Osler, Hoskin, Harcourt

SmartREIT First Quarter Results and Conference Call

TORONTO, ONTARIO--(Marketwired - April 7, 2016) - Smart Real Estate Investment Trust (TSX:SRU.UN) announced today that it will issue its financial results for the three months ending March 31, 2016 on Wednesday, May 11, 2016.

SmartREIT will hold a conference call on Thursday, May 12, 2016 at 9:00 a.m. (ET). Participating on the call will be members of SmartREIT's senior management.

Investors are invited to access the call by dialing 1-866-530-1553. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available Thursday, May 12, 2016 beginning at 12:00 p.m. (ET) through to 12:00 p.m. (ET) on Wednesday, May 18, 2016. To access the recording, please call 1-888-203-1112 and enter the Replay Passcode 8854123#.

About SmartREIT

SmartREIT is one of Canada's largest real estate investment trusts with total assets of approximately $8.5 billion. It owns and manages in excess of 30 million square feet in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartREIT is a joint-venture partner in the Toronto and Montreal Premium Outlets with Simon Property Group. SmartREIT's core vision is to provide a value-oriented shopping experience in all forms to Canadian consumers and over time create high quality mixed use developments in urban settings.

With SmartREIT's 2015 acquisition of SmartCentres, SmartREIT has transformed into a fully integrated real estate provider. SmartREIT and SmartCentres have had a long and successful alliance, helping to provide Canadians with value-focused retail shopping centres across the country. Now, our alliance has grown even stronger, the result is a fully integrated real estate provider with expertise in planning, development, leasing, operations, and construction - all under one roof. Our name is a reflection of our combined capabilities: SmartREIT. For more information on SmartREIT, visit www.smartreit.com.

The Toronto Stock Exchange neither approves nor disapproves of the contents of this Press Release.

Contact Information:

Smart Real Estate Investment Trust
Huw Thomas
President and Chief Executive Officer
(905) 326-6400 ext. 7649
hthomas@smartreit.com

Smart Real Estate Investment Trust
Peter Sweeney
Chief Financial Officer
(905) 326-6400 ext. 7865
psweeney@smartreit.com
www.smartreit.com