ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION

WINNIPEG, Dec. 13 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis" or the "REIT") announced that its trustees have declared its regular monthly cash distribution of $0.09 per trust unit ("Unit") of Artis for the month of December, 2010. The cash distributions will be made on January 14, 2011 to Unitholders of record on December 31, 2010.

As at the date hereof, there are an aggregate of 75,368,038 Units issued and outstanding.

Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial income-producing properties, with a major focus on Western Canada. Artis' commercial property comprises over 12.1 million square feet of leasable area in 129 properties. Leasable area by asset class is approximately 26.8% retail, 33.2% office and 40.0% industrial. The portfolio is located 12.0% in B.C., 39.2% in Alberta, 5.3% in Saskatchewan, 26.9% in Manitoba, 7.8% in Ontario and 8.8% in the U.S.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.

For further information:

Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or
Ms. Kirsty Stevens, Chief Administrative Officer at 1.204.947.1250