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Press release from Marketwire

Retrocom Mid-Market REIT Announces an Agreement to Sell Wetaskiwin Mall and January, February and March 2012 Distributions

Friday, January 13, 2012

Retrocom Mid-Market REIT Announces an Agreement to Sell Wetaskiwin Mall and January, February and March 2012 Distributions08:00 EST Friday, January 13, 2012TORONTO, ONTARIO--(Marketwire - Jan. 13, 2012) -NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCERetrocom Mid-Market Real Estate Investment Trust (TSX:RMM.UN) (the "REIT") announced today it has entered into a binding agreement to sell Wetaskiwin Mall, located in Wetaskiwin, Alberta. The closing is expected to occur in mid February subject to customary closing conditions. The REIT also announced today it has declared its cash distributions for the months of January, February and March 2012 as per the following schedule: Month Record Date Distribution Date Distribution Amount January 2012January 31, 2012February 15, 2012$0.0375February 2012February 29, 2012March 15, 2012$0.0375March 2012March 30, 2012April 13, 2012$0.0375Distributions paid to Unitholders who are non-residents of Canada will be subject to Canadian withholding tax.About Retrocom Mid-Market REITRetrocom Mid-Market REIT is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring community-based 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. 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 Units 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 Units of the Retrocom Mid-Market REIT 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.Cautionary StatementsThis press release contains forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are based on certain key expectations and assumptions made by the REIT. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of the REIT believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or achievements will occur as anticipated. Neither the REIT nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or such other factors which affect this information, except as required by law.FOR FURTHER INFORMATION PLEASE CONTACT: Richard MichaeloffRetrocom Mid-Market Real Estate Investment TrustChief Executive Officer(416) 741-7999 x5227(416) 741-7993 (FAX)rmichaeloff@rmmreit.com