Alexis Nihon Real Estate Investment Trust

Alexis Nihon Real Estate Investment Trust

March 18, 2005 07:00 ET

Alexis Nihon REIT Announces March 2005 Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ALEXIS NIHON REAL ESTATE INVESTMENT TRUST

TSX SYMBOL: AN.UN

MARCH 18, 2005 - 07:00 ET

Alexis Nihon REIT Announces March 2005 Distribution

MONTREAL, QUEBEC--(CCNMatthews - March 18, 2005) - Alexis Nihon Real
Estate Investment Trust (TSX:AN.UN) today announced the monthly cash
distribution for the month of March has been set at $0.0917 per unit, or
$1.10 per unit on an annualized basis. The cash distribution will be
paid on April 15, 2005, to unitholders of record as at March 31, 2005.

About Alexis Nihon REIT

The REIT currently owns interests in 51 office, retail, and industrial
properties, including a 426-unit multi-family residential property,
located in the greater Montreal area and the National Capital region.
The REIT's portfolio has an aggregate of 7.3 million square feet of
leasable area, of which 0.4 million square feet is co-owned.

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