Whiterock REIT Declares January Distribution



    TSX - WRK.UN

    TORONTO, Jan. 20 /CNW/ - Whiterock Real Estate Investment Trust
("Whiterock") announced today that its distribution declared for the month of
January 2009 is $0.2805, representing $3.366 per Unit on an annualized basis,
an annualized yield of approximately 22.8 % based on the January 19, 2009 Unit
closing price of $14.75. Payment will be made on or about February 14, 2009 to
Unitholders of record on January 31, 2009.
    At the close of business on January 19, 2009, Whiterock had 3,956,516
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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