Instrument Name Riocan Real Est Un Instrument ExchangeTSX: Instrument SymbolREI-UN-T

RioCan Real Estate Investment Trust ("RioCan" or the "Trust") (TSX: REI.UN) today announced that the Trust has completed the transition of its Chief Executive Officer ("CEO") from Edward Sonshine, the founder of RioCan, to Jonathan Gitlin who is appointed as President and CEO. Mr. Sonshine has taken on the role of Non-Executive Chairman of RioCan's Board of Trustees. This is the final step of RioCan's CEO succession plan announced in March of 2019. Concurrently, Andrew Duncan assumed the position of Chief Investment Officer ("CIO"), a new role at RioCan. In this position, Mr. Duncan expands his leadership of RioCan's extensive development program to integrate that of the Trust's strategic investment initiatives, which were led by Mr. Gitlin prior to his promotion to President and CEO. The seamless transition of duties has enabled RioCan's consistent focus to create unitholder value and the execution of its strategy to be Canada's leading major market, mixed-use focused REIT.

RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) today announced that it is scheduled to release its financial results for the three months ended March 31, 2021 before the market opens on Tuesday, May 4, 2021.

RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) and Allied Properties Real Estate Investment Trust ("Allied") (TSX: AP.UN) today provided an update on progress at The Well, including successful retail leasing activity and ongoing development progress. This mixed-use community, developed jointly by RioCan and Allied (collectively "The Well JV"), continues to take shape as an extension of the vibrant King West area, combining an elevated retail experience, distinctive office space and modern residential space in an amenity-rich urban neighbourhood. The Well's authentic urban and pedestrian-focused design is perfectly suited to the technology, media, creative and digital enterprises that define King West.