Temple REIT announces July 2008 distribution

WINNIPEG, July 18 /CNW/ - Temple Real Estate Investment Trust ("TREIT") (TSX Venture: TR-UN.V) announced today a distribution of $0.10 per unit ($1.20 per unit on an annualized basis) for the month of July 2008. Payment will be made on August 15, 2008 to the Unitholders of record as of July 31, 2008.

TREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols TR.UN (trust units), TR.DB.A and TR.DB.B (convertible debentures). The objective of TREIT is to provide Unitholders with stable cash distributions from investment in a geographically diversified Canadian portfolio of hotel properties and related assets. There are currently 12,097,034 trust units outstanding. For further information on TREIT, please visit our website at www.treit.ca.

The TSX Venture Exchange has not reviewed or approved the contents of

this press release and does not accept responsibility for the adequacy or

accuracy of this press release.

Contacts

Arni Thorsteinson
Chief Executive Officer
or Gino Romagnoli
Investor Relations
Tel: (204) 475-9090
Fax: (204) 452-5505
Email: info@treit.ca