Morguard REIT declares October 2008 distribution of 7.5 cents per unit



    MISSISSAUGA, ON, Oct. 15 /CNW/ - Morguard Real Estate Investment Trust
(TSX: MRT.UN) today announced that it has declared a distribution of 7.5 cents
per unit for the month of October 2008. The distribution will be payable on
November 14, 2008 to unitholders of record as at October 31, 2008.

    Morguard REIT is a closed-end real estate investment trust, which owns a
diversified portfolio of 50 high quality retail, office and industrial
properties in Canada with an approximate asset book value of $1.2 billion and
approximately 7.6 million square feet of leaseable space.

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For further information:

For further information: Mr. K. (Rai) Sahi, Chief Executive Officer,
Morguard Real Estate Investment Trust, 55 City Centre Drive, Suite 1000,
Mississauga, ON, L5B 1M3, T: (905) 281-4800, F: (905) 281-4818, Email:
rsahi@morguard.com, Website: www.morguardreit.com


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