Smart Real Estate Investment Trust Reports on Voting Results From 2016 Annual General Meeting of Holders of Units and Special Voting Units

TORONTO, ONTARIO--(Marketwired - June 10, 2016) -

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Smart Real Estate Investment Trust ("SmartREIT" or the "REIT") (TSX:SRU.UN) announced today the voting results from its Annual General Meeting of the Holders of Units and Special Voting Units (the "Meeting") held today in Toronto, Ontario.

The total number of Units and Special Voting Units of SmartREIT ("Units" and "SVUs", respectively) represented by holders of Units and SVUs (collectively, "Unitholders") that voted in connection with the Meeting was 87,261,201 Units and 25,954,984 SVUs, representing in total 70.80% of SmartREIT's issued and outstanding Units and SVUs. At the Meeting, Unitholders voted in favour of all items of business, including the election of each of the five trustee nominees proposed by management. The voting results for the election of trustees based on the Units and SVUs represented at the Meeting by proxies held by management were as follows:

Also notably, 99% of Unitholders represented at the Meeting by proxy voted in favour of accepting SmartREIT's approach to executive compensation (i.e. say-on-pay), as more particularly set forth in SmartREIT's Management Information Circular dated May 6, 2016.

Detailed voting results for the Meeting are available under SmartREIT's profile on SEDAR at www.sedar.com.

About SmartREIT

SmartREIT is one of Canada's largest real estate investment trusts with total assets of approximately $8.6 billion. It owns and manages in excess of 31 million square feet in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartREIT is a joint-venture partner in the Toronto and Montreal Premium Outlets with Simon Property Group. SmartREIT's core vision is to provide a value-oriented shopping experience in all forms to Canadian consumers and over time create high quality mixed use developments in urban settings.

With SmartREIT's 2015 acquisition of SmartCentres, SmartREIT has transformed into a fully integrated real estate provider. SmartREIT and SmartCentres have had a long and successful alliance, helping to provide Canadians with value-focused retail shopping centres across the country. The result is a fully integrated real estate provider with expertise in planning, development, leasing, operations, and construction - all under one roof. Our name is a reflection of our combined capabilities: SmartREIT. For more information on SmartREIT, visit www.smartreit.com.