Whiterock REIT Declares May Distribution

TSX - WRK.UN

TORONTO, May 18 /CNW/ - Whiterock Real Estate Investment Trust ("Whiterock"), a growth oriented REIT with a significant presence in major markets and a high quality long-term leased revenue stream, announced today that its distribution declared for the month of May 2010 is $0.14025, representing $1.683 per Unit on an annualized basis, an annualized yield of approximately 11.6% based on the May 17, 2010 Unit closing price of $14.45. Payment of May's distribution will be made on or about June 15, 2010 to Unitholders of record on May 31, 2010.

At the close of business on May 17, 2010, Whiterock had 13,706,345 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]