MORGUARD REIT DECLARES DECEMBER 2010 DISTRIBUTION OF 7.5 CENTS PER UNIT

MISSISSAUGA, ON, Dec. 1 /CNW/ - Morguard Real Estate Investment Trust (TSX: MRT.UN) today announced that it has declared a distribution of 7.5 cents per unit for the month of December 2010. The distribution will be payable on December 31, 2010 to unitholders of record as at December 15, 2010.

Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 51 high quality retail, office and mixed-use properties in Canada with an approximate asset book value of $1.3 billion and approximately 8.3 million square feet of leaseable space.

For further information: Mr. K. (Rai) Sahi, Chief Executive Officer, Morguard Real Estate Investment Trust, 55 City Centre Drive, Suite 1000, Mississauga, ON, L5B 1M3, T: 905 281-4800, F: 905-281-4818, Email: [email protected], Website: www.morguardreit.com