Homburg Canada Real Estate Investment Trust Announces Filing of Preliminary
Prospectus

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TSX Symbol: HCR.UN

MONTREAL, Oct 13 /CNW/ - Homburg Canada Real Estate Investment Trust (the "REIT") announced today that it has filed a preliminary short form prospectus in respect of its previously announced bought deal offering. The REIT has entered into an agreement to sell 6,820,000 units of the REIT (the "Units") on a bought deal basis at a price of $11.00 per Unit to a syndicate of underwriters co-led by TD Securities Inc., CIBC and Desjardins Securities Inc. (the "Underwriters") for gross proceeds of approximately $75,020,000. The REIT has also granted to the Underwriters an over-allotment option to purchase up to an additional 1,023,000 Units at the same price, exercisable in whole or in part at any time for a period of up to 30 days following closing of the offering and which, if exercised in full, would increase the gross proceeds to approximately $86,273,000.

The REIT will use the net proceeds from the offering to fund future acquisitions, for general trust purposes and to repay certain indebtedness. 

Closing of the offering is expected to occur on or about October 27, 2010. The offering is subject to certain conditions, including customary regulatory approvals.

This press release is not an offer of securities for sale in the United States.  The units being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

About Homburg Canada Real Estate Investment Trust

Homburg Canada Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Quebec. Managed internally, the Trust owns a portfolio of Canadian income-producing commercial properties, comprised mainly of retail and office properties with certain industrial properties, as well as certain income-producing multi-family residential properties. The properties comprise    approximately 6.6 million square feet of commercial gross leasable area and 1,725 multi-family residential units located in Quebec, Atlantic Canada, Western Canada and Ontario. 

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the prospectus of the REIT dated May 14, 2010.

The REIT's objectives and forward-looking statements are based on certain assumptions. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. The REIT, except as required by applicable securities legislation, does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is contained in the REIT's filings with securities regulatory authorities, which are available on SEDAR at www.sedar.com.

For further information:

James W. Beckerleg      President and Chief Executive Officer   Homburg Canada Real Estate Investment Trust  514-841-9725 ext. 358	Paul de la Plante NATIONAL Public Relations 514-843-2332
Gordon G. Lawlor, CA Chief Financial Officer Homburg Canada Real Estate Investment Trust 514-841-9725 ext. 313