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HUNTINGDON REIT ANNOUNCES THE SALE OF WINNIPEG, MANITOBA PARKING LOT

^{Published on 2010-11-10 15:00:33 - Market Wire}
 

RICHMOND, BC, Nov. 10 /CNW/ - Huntingdon Real Estate Investment Trust (the "Trust" or "HREIT") (TSX: HNT.UN) announced today that it has sold a surface parking lot in Winnipeg, Manitoba know as 336 Young Street for $455,000. The sale resulted in net cash to HREIT of approximately $200,000 after transaction costs and the repayment of approximately $235,000 of first mortgage debt. The sale price reflects a cap rate of approximately 8.0%.

HREIT is a real estate investment trust which is listed on the Toronto Stock Exchange under the symbols HNT.UN (Trust Units) and HNT.DB.C (Series C Convertible Debentures).  HREIT owns, directly or indirectly, 74 income producing office, industrial, retail and standalone parking lot properties, including the aviation-related facilities at five of Canada's leading international airports that have a total gross leasable area of 5.5 million square feet; and two land parcels held for development, with other development and expansion opportunities within the portfolio.

The Toronto Stock Exchange has not reviewed nor approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.