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Press release from Marketwire

Retrocom Mid-Market REIT Announces Closing of Over-Allotment Option Offering of 6.75% Convertible Unsecured Subordinated Debentures and $20,000,000 Revolving Operating Credit Facility

Tuesday, July 27, 2010

Retrocom Mid-Market REIT Announces Closing of Over-Allotment Option Offering of 6.75% Convertible Unsecured Subordinated Debentures and $20,000,000 Revolving Operating Credit Facility09:26 EDT Tuesday, July 27, 2010TORONTO, ONTARIO--(Marketwire - July 27, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESRetrocom Mid-Market Real Estate Investment Trust (the "REIT") (TSX:RMM.UN) announced today, in connection with its recent public offering of $20,000,000 principal amount of 6.75% convertible unsecured subordinated debentures due July 31, 2015 (the "Debentures"), that it has completed the issuance of an additional $2,840,000 principal amount of Debentures (the "Additional Debentures") at a price of $1,000 per $1,000 principal amount of Additional Debentures. The Additional Debentures were issued pursuant to the exercise of the over-allotment option granted to a syndicate of underwriters led by TD Securities Inc. and including CIBC World Markets Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Scotia Capital Inc. and Macquarie Capital Markets Canada Ltd. The Additional Debentures are listed for trading on the Toronto Stock Exchange under the symbol "RMM.DB.A".Each Additional Debenture is convertible into units of the REIT at the option of the holder at a conversion price of $5.05 per unit (or 198.0198 units per $1,000 principal amount of Debentures). The additional net proceeds will be used by the REIT to further strengthen its financial position, to fund future acquisitions and for general trust purposes.The REIT is also pleased to announce that on July 26, 2010 its operating subsidiary, Retrocom Limited Partnership (the "Borrower"), finalized a $20,000,000 revolving operating credit facility (the "Facility") provided by The Toronto-Dominion Bank. The Facility is for general corporate purposes including acquisitions and for letter of credit issuance. The term of the Facility expires no later than June 29, 2012.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the Debentures in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state, province or other jurisdiction. The Debentures and the units issuable upon conversion, redemption or repayment at maturity of the Debentures have not been, and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States absent registration or an application for exemption from the registration requirements of U.S. securities laws.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 Richard Michaeloff Chief Executive Officer (416) 741-7999 x227 (416) 741-7993 (FAX) rmichaeloff@rmmreit.com