GT CANADA MEDICAL PROPERTIES REIT ANNOUNCES COMMENCEMENT OF TRADING

TSX-V: MOB.UN and MOB.WT

TORONTO, Jan. 5 /CNW/ - GT Canada Medical Properties Real Estate Investment Trust (the "REIT") is pleased to announce that trading in its trust units and warrants began on the TSX Venture Exchange (the "TSXV") on January 4, 2011.The trust units trade under the symbol "MOB.UN" and the warrants trade under the symbol "MOB.WT".

The commencement of trading follows final acceptance by the TSXV of the following transactions completed by the REIT on December 24, 2010:

  • a public offering of trust units and warrants for aggregate gross proceeds of $25,550,000;
  • the acquisition of a portfolio of five medical office buildings, including one substantially pre-leased property currently under construction, for a purchase price of $39,950,000 (subject to adjustment), which implies a cap rate of approximately 8.25%; and
  • the conversion of the REIT's corporate predecessor, GT Canada Medical Properties Inc., into the REIT.

As Canada's only publicly traded issuer focused exclusively on medical office buildings, GT Canada's objectives are to: (i) provide its unitholders with stable and growing cash distributions from investments focused on medical office buildings and related healthcare properties in Canada, on a tax efficient basis; (ii) enhance the value of the REIT's assets and maximize long-term unit value; and (iii) expand the asset base of the REIT.

Reader Advisory

This news release contains "forward-looking statements" within the meaning of applicable securities laws. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that REIT may not be able to expand its asset base on favourable terms, or at all. The statements in this news release are made as of the date of this release. The factors identified above are not intended to represent a complete list of the factors that could affect REIT. Additional factors are noted under "Risk Factors" in the REIT's prospectus dated December 17, 2010, a copy of which may be obtained on the SEDAR website at www.sedar.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) has approved or disapproved the contents of this press release.

SOURCE GT Canada Medical Properties Real Estate Investment Trust

For further information:

Andrew Shapack, Chief Executive Officer
GT Canada Medical Properties REIT
(416) 572-2170

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GT Canada Medical Properties Real Estate Investment Trust

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