Inovalis Real Estate Investment Trust announces initial distribution

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, May 22, 2013 /CNW/ - Inovalis Real Estate Investment Trust (the "REIT") (TSX: INO.UN) announced today that its Board of Trustees has declared the REIT's first cash distribution of CDN $0.11688 per unit for the period from April 10, 2013 to May 31, 2013. The distribution will be payable on June 17, 2013 to unitholders of record as of the close of business on May 31, 2013.

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

About Inovalis Real Estate Investment Trust

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria. The REIT currently owns an interest in four office properties in France and Germany, comprising 528,267 square feet (49,170 square metres) of gross leasable area.

SOURCE: Inovalis Real Estate Investment Trust

please contact:

David Giraud, Chief Executive Officer 
Inovalis Real Estate Investment Trust
Tel: [phone]
Fax: [phone]