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Press release from Marketwire

Retrocom Mid-Market Real Estate Investment Trust Announces Executive Changes

Tuesday, July 20, 2010

Retrocom Mid-Market Real Estate Investment Trust Announces Executive Changes13:13 EDT Tuesday, July 20, 2010TORONTO, ONTARIO--(Marketwire - July 20, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESThe Board of Trustees of Retrocom Mid-Market REIT (TSX:RMM.UN) announced today the resignation of David Fiume as President, CEO and Trustee. We thank Mr. Fiume for his contributions to the growth of Retrocom. We are also pleased to announce the appointment of Richard Michaeloff as President and CEO effective immediately. Mr. Michaeloff has been a Trustee of the REIT since 2008 and will remain as a Trustee.Mr. Michaeloff will be responsible for the overall strategy and performance of Retrocom. He brings over 20 years of broad based real estate experience with a particular focus in corporate finance, investments and asset management. Most recently, Mr. Michaeloff was Senior Vice President, Finance and Treasury at SmartCentres Inc. Previously he held progressively senior positions at The Cadillac Fairview Corporation Limited, Scotia Capital Inc. and the El-Ad Group Ltd. He has an M.B.A. from York University, holds an LLB from the University of Western Ontario and is a member of the Law Society of Upper Canada.About Retrocom Mid-Market REITRetrocom Mid-Market REIT is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring mid-market commercial properties in primary and secondary cities across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.FOR FURTHER INFORMATION PLEASE CONTACT: Retrocom Mid-Market Real Estate Investment Trust Mr. Patrick Lavelle Chairman of the Board of Trustees (416) 966-3106 (416) 741-7993 (FAX) lavelle3106a@rogers.com