Huntingdon REIT Announces the Sale of Ontario Retail Centre

RICHMOND, BC, Sept. 19, 2011 /CNW/ - Huntingdon Real Estate Investment Trust (the "Trust" or "HREIT") (TSX: HNT.UN) announced today that it has closed the sale of a 12,464 square foot retail centre in Kenora, Ontario, known as Harbourview Village for $1.2 million. The sale proceeds include a vendor take-back mortgage of $850,000, bearing interest at prime rate plus 3%, due on March 14, 2013. The sale reflects a capitalization rate of 8.2%.

HREIT is a real estate investment trust which is listed on the Toronto Stock Exchange under the symbols HNT.UN (Trust Units) and HNT.DB.C (Series C Convertible Debentures).  HREIT owns, directly or indirectly, 76 income producing office, industrial, retail and standalone parking lot properties, including the aviation-related facilities at five of Canada's leading international airports that have a total gross leasable area of 5.5 million square feet; and two land parcels held for development, with other development and expansion opportunities within the portfolio. HREIT has announced that it intends to convert to a corporation.

The Toronto Stock Exchange has not reviewed nor approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.


SOURCE Huntingdon Real Estate Investment Trust

For further information:

Zachary R. George, Trustee, President and Chief Executive Officer
Tel: (604) 249-5119
Fax: (604) 249-5101
Email: zgeorge@hreit.ca

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Huntingdon Real Estate Investment Trust

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