Dundee REIT February 2007 Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Feb. 19, 2007) - DUNDEE REIT (TSX: D-UN.TO) today announced a cash distribution of $0.183 per REIT Unit, Series A for the month of February. The February distribution will be payable on March 15, 2007 to unitholders of record as at February 28, 2007.

Dundee REIT is an unincorporated, open-ended real estate investment trust and is Canada's leading provider of high quality, affordable office premises. It is focused on owning, acquiring, leasing and managing mid-sized urban and suburban office and industrial properties in Canada. Dundee REIT's diversified portfolio consists of approximately 19.4 million square feet of gross leasable area, located primarily in its target markets of Toronto, Ottawa, Montreal, Calgary and Edmonton. Dundee REIT's portfolio is well diversified by geographic location and tenant mix. For more information, please visit www.dundeereit.com.

Contacts

Michael J. Cooper
Dundee Real Estate Investment Trust
Vice Chairman and Chief Executive Officer
(416) 365-5145
Email: mcooper@dundeereit.com

J. Michael Knowlton
Dundee Real Estate Investment Trust
President and Chief Operating Officer
(416) 365-2325
Email: mknowlton@dundeereit.com

Mario Barrafato
Dundee Real Estate Investment Trust
Senior Vice-President and Chief Financial Officer
(416) 365-4132
Email: mbarrafato@dundeereit.com