TORONTO, ONTARIO--(Marketwire - July 17, 2012) - DUNDEE REIT (TSX:D.UN) today announced a cash distribution of $0.183 per REIT Unit, Series A for the month of July. The July distribution will be payable on August 15, 2012 to unitholders of record as at July 31, 2012.

Dundee REIT is an unincorporated, open-ended real estate investment trust. Dundee REIT is focused on owning, acquiring, leasing and managing well-located, high-quality central business district and suburban office properties. Its portfolio currently comprises approximately 28.3 million square feet of gross leasable area in major urban centres across Canada. Dundee REIT's portfolio is well diversified by geographic location and tenant mix. For more information, please visit www.dundeereit.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Michael J. Cooper
Dundee Real Estate Investment Trust
Vice Chairman and Chief Executive Officer
(416) 365-5145
mcooper@dundeereit.com

OR

Mario Barrafato
Dundee Real Estate Investment Trust
Senior Vice-President and Chief Financial Officer
(416) 365-4132
mbarrafato@dundeereit.com
www.dundeereit.com