Dundee REIT

Dundee REIT

January 18, 2006 15:48 ET

Dundee REIT January 2006 Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2006) - DUNDEE REIT (TSX:D.UN) today announced a cash distribution of $0.183 per REIT Unit, Series A for the month of January. The January distribution will be payable on February 15, 2006 to unitholders of record as at January 31, 2006.

Dundee REIT is an unincorporated, open-ended real estate investment trust. We provide high quality, affordable business premises. We focus on owning, acquiring, leasing and managing mid-sized urban and suburban office and industrial properties in Canada. Our diversified portfolio consists of approximately 15.6 million square feet of gross leasable area, located primarily in our target markets of Toronto, Ottawa, Montreal, Calgary and Edmonton. Our portfolio is well diversified by asset type, geographic location and tenant mix. For more information, please visit www.dundeereit.com.

Contact Information