Whiterock REIT Declares December Distribution



    TSX - WRK.UN

    TORONTO, Dec. 14 /CNW/ - Whiterock Real Estate Investment Trust
("Whiterock") announced today that its distribution declared for the month of
December 2007 is $0.0935, representing $1.122 per Unit on an annualized basis,
an annualized yield of approximately 11.22% based on the December 13, 2007
Unit closing price of $10.00. Payment will be made on or about December 31,
2007 to Unitholders of record on December 28, 2007.
    At the close of business on December 13, 2007, Whiterock had
10,380,403 Units issued and outstanding.

    Reinvestment Program

    Whiterock's Distribution Reinvestment Plan allows Unitholders to purchase
additional Units using their distributions, without brokerage fees, at 96% of
the volume weighted average trading price for the ten days immediately
preceding a distribution payment date. The enrolment form and further details
are available at www.whiterockreit.ca/drip.html.

    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00022234E




For further information:

For further information: www.whiterockreit.ca, Jason Underwood, (416)
907-4861; Paul Simcox, (416) 907-4862; Frank Bucys, CFO, (416) 907-4864

Organization Profile

WHITEROCK REAL ESTATE INVESTMENT TRUST

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