Temple REIT announces March 2010 quarterly distribution

WINNIPEG, March 22 /CNW/ - Temple Real Estate Investment Trust ("TREIT") (TSX Venture: TR.UN) announced today a distribution of $0.10 per unit ($0.40 per unit on an annualized basis) for the quarter ending March 31, 2010. Payment will be made on April 15, 2010 to the Unitholders of record as of March 31, 2010.

TREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols TR.UN (trust units), TR.DB.A, TR.DB.B and TR.DB.S (convertible debentures). The objective of TREIT is to provide Unitholders with stable cash distributions from investment in a geographically diversified Western Canadian portfolio of hotel properties and related assets. There are currently 12,825,352 trust units outstanding. For further information on TREIT, please visit our website at www.treit.ca.

The TSX Venture Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

For further information: Arni Thorsteinson, Chief Executive Officer; or Gino Romagnoli, Investor Relations, Tel: [phone], Fax: [phone], Email: [email protected]