Morguard REIT declares December 2008 distribution of 7.5 cents per unit

    MISSISSAUGA, ON, Dec. 1 /CNW/ - Morguard Real Estate Investment Trust
(TSX: MRT.UN) today announced that it has declared a distribution of 7.5 cents
per unit for the month of December 2008. The distribution will be payable on
December 24, 2008 to unitholders of record as at December 15, 2008.

    Morguard REIT is a closed-end real estate investment trust, which owns a
diversified portfolio of 50 high quality retail, office and industrial
properties in Canada with an approximate asset book value of $1.2 billion and
approximately 7.6 million square feet of leaseable space.

    %SEDAR: 00008756E