Agellan Commercial Real Estate Investment Trust Announces April 2013 Monthly Distribution

TORONTO, April 15, 2013 /CNW/ - Agellan Commercial Real Estate Investment Trust ("Agellan REIT") (TSX: ACR.UN) announced today that the Trustees of Agellan REIT have declared a distribution of $0.06458 per unit for the month of April, 2013, representing $0.775 per unit on an annualized basis.  The distribution will be payable on May 15, 2013 to unitholders of record as at April 30, 2013.

As at the date hereof, there is an aggregate of 19,402,303 units issued and outstanding.

Distributions paid to unitholders who are non-residents of Canada will be subject to applicable Canadian withholding tax.

About Agellan REIT:

Agellan REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. Agellan REIT has been created for the purpose of acquiring and owning industrial, office and retail properties in select target markets in the United States and Canada.

Agellan REIT's current portfolio aggregates approximately 4.2 million square feet of gross leasable area in 23 properties. The properties are located in Texas (fifteen properties), Ontario (3 properties) and one property in each of Quebec, Illinois, Indiana, Maryland and Ohio.

SOURCE: Agellan Commercial Real Estate Investment Trust

Derek Dermott, President
Agellan Commercial Real Estate Investment Trust
Tel: [phone] x269
Fax: [phone]

Frank Camenzuli, CEO
Agellan Commercial Real Estate Investment Trust
Tel: [phone] x226
Fax: [phone]