Whiterock REIT Declares December Distribution

TSX - WRK.UN

TORONTO , Dec. 14 /CNW/ - Whiterock Real Estate Investment Trust ("Whiterock") announced today that its distribution declared for the month of December 2009 is $0.14025, representing $1.683 per Unit on an annualized basis, an annualized yield of approximately 11.9% based on the December 11, 2009 Unit closing price of $14.20 . Payment of December's distribution will be made on or about December 31, 2009 to Unitholders of record on December 29, 2009 .

At the close of business on December 11, 2009 , Whiterock had 9,773,166 Units issued and outstanding.

Reinvestment Program

Whiterock's Distribution Reinvestment Plan allows Unitholders to purchase additional Units using their distributions, without brokerage fees, at 96% of the volume weighted average trading price for the ten days immediately preceding a distribution payment date. The enrolment form and further details are available at www.whiterockreit.ca/drip.html.

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

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For further information: www.whiterockreit.ca; Frank Bucys, CFO, [phone]; Jennifer Kosloski, Controller, [phone]