Inovalis Real Estate Investment Trust completes over-allotment option

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

TORONTO, May 10, 2013 /CNW/ - Inovalis Real Estate Investment Trust (the "REIT") (TSX:INO.UN) announced today the closing of the issuance of an additional 870,000 trust units of the REIT at a price of $10.00 per unit for gross proceeds of $8,700,000. The issuance was pursuant to the partial exercise by the underwriters of their over-allotment option with respect to the REIT's recently completed initial public offering on April 10, 2013.  The exercise of the over-allotment option increases the total gross proceeds of the initial public offering to $113.7 million.

The Offering was underwritten by a syndicate of the underwriters led by Desjardins Securities Inc. and including GMP Securities L.P., Macquarie Capital Markets Canada Inc., Laurentian Bank Securities Inc., UBS Securities Canada Inc., Manulife Securities Incorporated, Burgeonvest Bick Securities Limited, Industrial Alliance Securities Inc. and Mackie Research Capital Corporation.

The net proceeds to the REIT from the exercise of the over-allotment option will be used by the REIT for general trust purposes.

The trust units trade on the Toronto Stock Exchange under the symbol "INO.UN".

The units have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the United States Securities Act of 1933, as amended). This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the units in the United States or to, or for the account or benefit of, U.S. Persons.

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.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the REIT's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT's control and which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the final prospectus of the REIT dated March 28, 2013. The REIT does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE: Inovalis Real Estate Investment Trust

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