Lanesborough REIT announces November 2007 distribution



    WINNIPEG, Nov. 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 November 2007.
Payment will be made on December 15, 2007 to the Unitholders of record as of
November 30, 2007.

    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 17,500,287 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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