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TEMPLE REIT ANNOUNCES ISSUANCE OF OPTIONS

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  Published in Business and Finance on Friday, June 24th 2011 at 13:16 GMT by Market Wire
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WINNIPEG, June 24, 2011 /CNW/ - Temple Real Estate Investment Trust ("Temple REIT") (TSXV:TR.UN) announced today the issuance of an aggregate total of 400,000 incentive options ("Options") to purchase Temple REIT trust units ("Units"), exercisable at $4.20 per Unit.  The Options have been issued pursuant to Temple REIT's unit option plan.

The Units issued upon exercise of the Options will be subject to a minimum hold period of four months and a day from the date of the grant of the Options in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Temple REIT 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 diversified portfolio of hotel properties and related assets.  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.