Morguard REIT declares February 2008 distribution of 7.5 cents per unit

    MISSISSAUGA, ON, Feb. 15 /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 February 2008. The distribution will be payable on
March 14, 2008 to unitholders of record as at February 29, 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 8.1 million square feet of leaseable space.

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