Whiterock REIT Declares February Distribution

TSX - WRK.UN

TORONTO, Feb. 16 /CNW/ - Whiterock Real Estate Investment Trust ("Whiterock") announced today that its distribution declared for the month of February 2007 is $0.0935, representing $1.122 per Unit on an annualized basis, an annualized yield of approximately 7.7% based on the February 15, 2007 Unit closing price of $14.56. Payment will be made on or about March 15, 2007 to Unitholders of record on February 28, 2007.

At the close of business on February 15, 2007, Whiterock had 9,728,307 units issued and outstanding which together with 205,354 units of Whiterock Limited Partnership outstanding, results in an aggregate of 9,933,661 equivalent trust units issued and outstanding based on the exchange provisions applicable with respect to units of Whiterock Limited Partnership.

Reinvestment Program

Whiterock's Distribution Reinvestment Plan allows Unitholders to purchase additional Units using their distributions, without brokerage fees, at 96% of the volume weighted average trading price for the ten days immediately preceding a distribution payment date. The enrolment form and further details are available at www.whiterockreit.ca/drip.html.

The Toronto Stock Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.

Contacts

www.whiterockreit.ca

Jason Underwood
(416) 907-4861

Paul Simcox
(416) 907-4862

Frank Bucys
CFO
(416) 907-4864