TEMPLE REIT ANNOUNCES CHANGE IN DISTRIBUTION POLICY FROM QUARTERLY TO MONTHLY

WINNIPEG, Feb. 1 /CNW/ - Temple Real Estate Investment Trust ("TREIT") (TSX Venture: TR.UN) announced today that, effective April 1, 2011, its distribution policy will change from the current quarterly cash distributions to monthly cash distributions.  The final quarterly cash distribution in the amount of $0.10 per unit will occur on April 15, 2011 to the Unitholders of record on March 31, 2011.  The first monthly cash distribution in the amount of $0.03334 per unit ($0.40 on an annual basis) is expected to occur on May 15, 2011 to Unitholders of record as of April 30, 2011.

The total annual distribution will remain unchanged at $0.40 per unit. Any rounding adjustments will be reflected in the December distribution.

TREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols TR.UN (trust units), TR.DB.A, TR.DB.B and TR.DB.S (convertible debentures).  The objective of TREIT is to provide Unitholders with stable cash distributions from investment in a geographically diversified Western Canadian portfolio of hotel properties and related assets.  For further information on TREIT, please visit our website at www.treit.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

SOURCE Temple REIT

For further information:

Arni Thorsteinson, Chief Executive Officer or Gino Romagnoli, Investor Relations
Tel: (204) 475-9090, Fax: (204) 452-5505, Email: info@treit.ca.

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Temple REIT

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