Real Estate — October 15, 2009

Morguard Corporation and Morguard Real Estate Investment Trust 2009 third quarter results conference call

MISSISSAUGA, ON, Oct. 15 /CNW/ - Rai Sahi, Chief Executive Officer of both Morguard Corporation and Morguard REIT, invites you to participate in a joint conference call on Thursday, November 5, 2009 at 4:00 p.m. (ET) to discuss the financial results for the three and nine months ended September 30, 2009.

An overview of Morguard REIT's financial results will be provided by Tim Walker, CFO of Morguard REIT, to be followed by Paul Miatello, CFO of Morguard Corporation. A joint question and answer session will then follow.

To participate in the conference call, please dial 416-644-3417 or 1-800-732-6179. Please quote conference ID No. 4173211.

For those unable to participate, a taped replay will be available after the completion of the call from 8:00 p.m. (ET) until midnight on December 3, 2009. To access the replay, dial 416-640-1917 or 1-877-289-8525 and enter the passcode number 4173211 followed by the number sign.

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For further information: about this conference call, please contact Tina Browne at (905) 281-5940 or tbrowne@morguard.com

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