Morguard Real Estate Investment Trust (the Trust) is a closed-end real estate investment trust. The Trust’s objective is to accumulate a portfolio of real estate assets and then deliver the benefits of such real estate ownership to unitholders. The Trust owns a real estate portfolio of 51 retail, office and mixed-use properties consisting of approximately 8.3 million square feet of gross leasable area (GLA) located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The Trust’s operations cover three types of real estate properties located in seven regions. In June 2010, the Trust acquired a 50% co-ownership interest in Prairie Mall. On June 1, 2010, the Trust acquired a 50% interest from Revenue Properties Company Limited, a subsidiary of Morguard Corporation (Morguard). In July 2010, the Trust, together with Morguard , acquired Place Innovation.