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Press release from Marketwire

InnVest Real Estate Investment Trust Announces Monthly Distribution

Wednesday, December 15, 2010

InnVest Real Estate Investment Trust Announces Monthly Distribution17:00 EST Wednesday, December 15, 2010TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) -InnVest Real Estate Investment Trust ("InnVest")(TSX:INN.UN) announced today that a distribution of $0.0417 per unit has been declared to the Unitholders of record as at the close of business December 31, 2010, payable on January 17, 2011.TRUST PROFILEInnVest REIT holds Canada's largest hotel portfolio together with an interest in Choice Hotels Canada Inc. the largest franchisor of hotels in Canada. The hotel portfolio currently comprises 144 hotel properties, with approximately 19,000 guest rooms, operated under internationally recognized franchise brands such as Comfort Inn®, Holiday Inn®, Quality Suites/Inn®, Radisson®, Delta®, Travelodge®, Hilton® Staybridge Suites®, Fairmont Hotels®, Sheraton Suites® and Best Western®. InnVest's trust units and outstanding convertible debentures trade on the Toronto Stock Exchange under the symbols INN.UN, INN.DB.B, INN.DB.C, INN.DB.D, and INN.DB.E respectively.FOR FURTHER INFORMATION PLEASE CONTACT: Kenneth GibsonInnVest Real Estate Investment TrustPresident and Chief Executive Officer(905) 206-7100(905) 206-7114 (FAX)ORTamara LawsonInnVest Real Estate Investment TrustChief Financial Officer and Corporate Secretary(905) 206-7100(905) 206-7114 (FAX)www.innvestreit.com