TORONTO, ONTARIO--(Marketwire - Nov. 15, 2010) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its November 2010 monthly distribution in the amount of 11.75 cents per unit (C$1.41 annualized). The November distribution will be payable on December 14, 2010 to Unitholders of record November 30, 2010.

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 diversified portfolio of retail, office and industrial properties.

Please visit our website at www.creit.ca.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tim McSorley
Canadian Real Estate Investment Trust
Vice President and CFO
416-628-7790
tmcsorley@creit.ca