Artis Real Estate Investment Trust announces monthly cash distribution

    WINNIPEG, April 13 /CNW/ - Artis Real Estate Investment Trust
(TSX: AX.UN) ("Artis" or the "REIT", formerly Westfield Real Estate Investment
Trust) announced that its trustees have declared its regular monthly cash
distribution of $0.0875 per trust unit ("Unit") of Artis for the month of
April, 2007. The cash distributions will be made on May 15, 2007 to
Unitholders of record on April 30, 2007.
    As at the date of this declaration, Artis has 21,480,006 Units issued and

    Artis (formerly Westfield REIT) is a growth-oriented real estate
investment trust focused exclusively on commercial properties located in
primary and growing secondary markets in Western Canada, particularly in
Alberta. The REIT's goal is to provide Unitholders the opportunity to invest
in high-quality Western Canadian office, retail and industrial properties, as
well as to provide monthly cash distributions that are stable, tax efficient,
and growing over time. To date, Artis has acquired approximately $660 million
of commercial property; approximately 19.6% in Manitoba, 11.6% in
Saskatchewan, 67.9% in Alberta, and 0.9% in B.C. Artis owns 45 properties,
comprising over 3.9 million square feet of leasable area (36.1% retail, 49.1%
office and 14.8% industrial).
    The REIT's Distribution Reinvestment Plan ("DRIP") allows Unitholders to
have their monthly cash distributions used to purchase trust units without
incurring commission or brokerage fees, and receive bonus units equal to 4% of
their monthly cash distributions. More information can be obtained at

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

For further information:

For further information: Mr. Armin Martens, President and Chief
Executive Officer, or Mr. Jim Green, Chief Financial Officer, at (204)

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