GT CANADA MEDICAL PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES THE ENTERING INTO OF A REVOLVING CREDIT FACILITY AND THE REFINANCING OF FOUR OF ITS PROPERTIES

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

TORONTO, April 20 /CNW/ - GT Canada Medical Properties Real Estate Investment Trust ("GT Canada" or the "REIT") (TSXV: MOB.UN) announced today that it has entered into a revolving credit facility agreement (the "Credit Facility") in the amount of approximately $5.7 million to be drawn on by the REIT for property acquisitions and working capital. Amounts outstanding under the Credit Facility bear interest at a rate equal to the lender's prime rate plus 200 basis points. The Credit Facility has an initial two-year term and is secured by a first ranking mortgage on the property located at 89 Dawson Road, in Guelph Ontario.

GT Canada also announced today that it has refinanced (the "Refinancing") four of its properties for a gross amount of $17.345 million which generated proceeds of $4.158 million. The Refinancing reset the mortgage terms for three of the properties to five years and increased the mortgage amortizations to 25 years. The weighted average interest rate on the REIT's secured mortgage portfolio was decreased from 5.51% to 5.13% as a result of the Refinancing.

ABOUT GT CANADA MEDICAL PROPERTIES REIT (TSX-V:MOB.UN)

As Canada's only publicly traded issuer focused exclusively on medical office buildings, GT Canada Medical Properties Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT's objectives are to: (i) provide its unitholders with stable and growing cash distributions from investments focused on medical office buildings and related healthcare properties in Canada, on a tax efficient basis; (ii) enhance the value of the REIT's assets and maximize long-term unit value; and (iii) expand the asset base of the REIT.

Reader Advisory:

This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding future property acquisitions and the REIT's objectives. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the REIT may not be able to expand its asset base on favourable terms, or at all. The statements in this news release are made as of the date of this release. The factors identified above are not intended to represent a complete list of the factors that could affect the REIT. Additional factors are noted under "Risk Factors" in the REIT's prospectus dated December 17, 2010, a copy of which may be obtained on the SEDAR website at www.sedar.com.

SOURCE GT Canada Medical Properties Inc.

For further information:

Andrew Shapack, Chief Executive Officer
GT Canada Medical Properties REIT
(416) 572-2170

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GT Canada Medical Properties Inc.

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