Whiterock REIT Declares March Distribution



    TSX - WRK.UN

    TORONTO, March 21 /CNW/ - Whiterock Real Estate Investment Trust
("Whiterock") announced today that its distribution declared for the month of
March 2007 is $0.0935, representing $1.122 per Unit on an annualized basis, an
annualized yield of approximately 7.9% based on the March 20, 2007 Unit
closing price of $14.21. Payment will be made on or about April 16, 2007 to
Unitholders of record on March 31, 2007.
    At the close of business on March 20, 2007, Whiterock had 9,945,026 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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