Lanesborough REIT announces February 2008 distribution



    WINNIPEG, Feb. 19 /CNW/ - Lanesborough Real Estate Investment Trust
("LREIT") (TSX: LRT.UN) announced today a distribution of $0.04667 per unit
($0.56 per unit on an annualized basis) for the month of February 2008.
Payment will be made on March 15, 2008 to the Unitholders of record as of
February 29, 2008.

    LREIT is a real estate investment trust, which is listed on the
Toronto Stock Exchange under the symbol LRT.UN. The objective of LREIT is to
provide Unitholders with stable cash distributions from investment in a
geographically diversified Canadian portfolio of quality real estate
properties. There are currently 17,527,494 trust units outstanding. For
further information on LREIT, please visit our website at www.lreit.com.

    The TSX has not reviewed or approved the contents of this press release
    and does not accept responsibility for the adequacy or accuracy of this
    press release.





For further information:

For further information: Arni Thorsteinson, Chief Executive Officer, or
Gino Romagnoli, Investor Relations, Tel: (204) 475-9090, Fax: (204) 452-5505,
Email: info@lreit.com


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