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Press release from Marketwire

InnVest Real Estate Investment Trust Announces Monthly Distribution

Monday, December 19, 2011

InnVest Real Estate Investment Trust Announces Monthly Distribution17:23 EST Monday, December 19, 2011TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) - InnVest Real Estate Investment Trust (TSX:INN.UN) announced today that a distribution of $0.0333 per stapled unit, payable on January 16, 2012, has been declared to the holders of record as at the close of business December 30, 2011. The distribution is $0.0333 per unit of InnVest Real Estate Investment Trust.TRUST PROFILEInnVest Real Estate Investment Trust (the "REIT") is an unincorporated open-ended real estate investment trust which owns a portfolio of 144 hotels across Canada representing approximately 19,000 guest rooms operated under internationally recognized brands. The REIT leases its hotels to InnVest Operations Trust ("IOT"), a taxable investment trust. IOT indirectly holds all of the hotel operating assets, earns revenues from hotel customers and pays rent to the REIT. IOT also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada, and earns revenues from franchising fees.Each issued and outstanding REIT unit trades together with a non-voting unit of IOT as a "stapled unit" on the Toronto Stock Exchange (the "TSX") under the symbol INN.UN. InnVest's convertible debentures trade on the TSX under the symbols INN.DB.B, INN.DB.C, INN.DB.D, INN.DB.E and INN.DB.F.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