Cominar Real Estate Investment Trust (TSX: CUF.UN) (“Cominar”) and CANMARC Real Estate Investment Trust (TSX: CMQ.UN) (“Canmarc”) announce that, subsequent to the take-up and payment by Cominar of 37,692,827 trust units (the “Canmarc Units”) under its previously announced offer, as amended, which, together with the Canmarc Units owned by Cominar and its wholly-owned subsidiaries, represent approximately 83.8% of the Canmarc Units outstanding and pursuant to the support agreement between Cominar and Canmarc dated January 16, 2012, four of the trustees of Canmarc have resigned and been replaced by trustees designated by Cominar.

Cominar Real Estate Investment Trust (TSX: CUF.UN) (“Cominar”) announced that as of 3:00 p.m. (Toronto Time) on January 27, 2012, 37,692,827 trust units (the “Canmarc Units”) of Canmarc Real Estate Investment Trust (TSX: CMQ.UN) (“Canmarc”) had been deposited to the offer (the “Offer”) by wholly-owned subsidiaries of Cominar (the “Cominar Acquisition Group”) to acquire all of the issued and outstanding Canmarc Units, and all other conditions of the Offer have been satisfied as of the date hereof. The Cominar Acquisition Group has taken up and accepted for payment all of such Canmarc Units, which, together with the Canmarc Units owned by Cominar and the Cominar Acquisition Group, represent approximately 83.8% of the Canmarc Units outstanding. Canmarc Units deposited under the Offer will be paid for on January 30, 2012. 54.0% of the Canmarc Units tendered were tendered into the unit alternative of the Offer and 46.0% of the Canmarc Units tendered were tendered into the cash alternative of the Offer. After proration, 12,953,556 trust units of Cominar will be issued in payment of Canmarc Units tendered.

CANMARC Real Estate Investment Trust (“CANMARC”) (TSX: CMQ.UN) announced today that in light of the entering into of the previously announced support agreement among CANMARC and Cominar Real Estate Investment Trust, CANMARC will suspend, effective immediately, the operation of its distribution reinvestment plan (the “DRIP”). As a result, the previously declared distribution of $0.07917 per unit of CANMARC for the month of January, 2012 which will be paid on February 15, 2012 to unitholders of record as at January 31, 2012 will not be eligible for reinvestment pursuant to the DRIP.

CANMARC Real Estate Investment Trust (“CANMARC” or the “REIT”) (TSX: CMQ.UN) announced today that it has closed the previously announced transaction to acquire the 50-percent interest in Scotia Centre that it does not already own, bringing the REIT’s interest to 100 percent.

CANMARC Real Estate Investment Trust (“CANMARC”) (TSX: CMQ.UN) announced today that a cash distribution of $0.07917 per unit of CANMARC (the “Units”) for the month of January, 2012 will be payable on February 15, 2012 to unitholders of record as at January 31, 2012.

CANMARC Real Estate Investment Trust (“CANMARC” or the “REIT”) (TSX: CMQ.UN) announced today that it has closed the previously announced transactions to acquire Woodside Square in Toronto, and Marché Jonquière in Quebec.

Cominar Real Estate Investment Trust (TSX: CUF.UN) and CANMARC Real Estate Investment Trust (TSX: CMQ.UN) are pleased to announce that they have entered into a support agreement for the acquisition by Cominar’s wholly-owned subsidiaries (collectively, the “Cominar Acquisition Group”) of all of the outstanding units of CANMARC.

CANMARC Real Estate Investment Trust (“CANMARC” or the “REIT”) (TSX: CMQ.UN) announced today that it has entered into agreements to acquire two retail properties in Toronto, Ontario and Jonquière, Quebec, and the 50 percent interest in Calgary’s Scotia Centre office and retail complex it does not already own. Each of these acquisitions is subject to satisfaction of usual closing conditions. Total acquisition price for the three properties is approximately $213 million, representing a going-in capitalization rate of approximately 6.8 percent. In total, the three acquisitions add 664,357 square feet or approximately 7.6 percent of gross leasable area (“GLA”) to the REIT’s portfolio of high quality office, retail and residential properties. These acquisitions are a result of CANMARC’s active growth strategy. CANMARC earlier identified an acquisition pipeline in excess of $250 million. Each of the three acquisitions is accretive to adjusted funds from operations.

CANMARC Real Estate Investment Trust (“CANMARC” or the “REIT”) announced today that the Bureau de décision et de révision (Québec) (the “Bureau”) will hold a hearing on January 19, 2012 in response to an application made by Cominar Real Estate Investment Trust and certain of its affiliated entities (collectively, “Cominar”) for an order to cease trade CANMARC’s unitholder rights plans (the “Rights Plans”), which were adopted on May 25, 2010 and December 6, 2011.

CANMARC Real Estate Investment Trust (“CANMARC”) (TSX: CMQ.UN) announced today that a cash distribution of $0.07917 per unit of CANMARC (the “Units”) for the month of December, 2011 will be payable on January 16, 2012 to unitholders of record as at December 30, 2011.