Retirement Residences Real Estate Investment Trust

Retirement Residences Real Estate Investment Trust

March 23, 2005 12:48 ET

Retirement Residences Real Estate Investment Trust Announces March 2005 Monthly Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RETIREMENT RESIDENCES REAL ESTATE INVESTMENT TRUST

TSX SYMBOL: RRR.UN

MARCH 23, 2005 - 12:48 ET

Retirement Residences Real Estate Investment Trust
Announces March 2005 Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - March 23, 2005) - Retirement Residences
Real Estate Investment Trust ("Retirement REIT") (TSX:RRR.UN) today
announced that a distribution for March, 2005 of $0.070 cents per unit
has been declared, payable April 15, 2005 to the unitholders of record
as at March 31, 2005.

Retirement REIT has available a Dividend Reinvestment Plan ("DRIP").
Participants in the DRIP will receive a "bonus" distribution of units
equal in value to 3% of each cash distribution purchased under the DRIP.
Unitholders should contact their investment advisor if they are
interested in participating in the plan.

Retirement REIT is the largest provider of accommodation and care for
seniors in Canada. Retirement REIT owns 213 retirement and long term
care facilities, including 32 facilities in select United States
markets, and provides management services to 10 homes for other parties,
with an aggregate resident capacity in excess of 25,000. Retirement REIT
also provides nursing placement and in-home health care through its
Central Health Services and Central Med units.

For further information, see the Retirement REIT website at
www.retirementreit.com


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Retirement Residences Real Estate Investment Trust
    Tim Benson
    Director, Investor Relations
    (416) 928-6473
    (416) 323-3818 (FAX)