Canadian Real Estate Investment Trust TSX: REF.UN

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2008) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its November 2008 monthly distribution in the amount of 11.33 cents per unit (C$1.36 annualized). The November distribution will be payable on December 12, 2008 to Unitholders of record November 28, 2008.

CREIT is a real estate investment trust focused on accumulating a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a portfolio of 160 retail, office and industrial properties.