InnVest Real Estate Investment Trust : InnVest REIT Announces Monthly Distribution

For Immediate Release INNVEST REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY DISTRIBUTION Toronto, Canada (January 22, 2013) - InnVest Real Estate Investment Trust ("InnVest")

(TSX:INN.UN) announced today that a distribution of $0.0333 per unit, payable on February 15,
2013, has been declared to the holders of record as at the close of business January 31, 2013.

TRUST PROFILE

InnVest is an unincorporated open-ended real estate investment trust which owns a portfolio of
136 hotels across Canada representing approximately 18,000 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada
Inc., one of the largest franchisors of hotels in Canada.
InnVest's units and convertible debentures trade on the Toronto Stock Exchange (the "TSX")
under the symbols INN.UN, INN.DB.B, INN.DB.C, INN.DB.D, INN.DB.E and INN.DB.F.

For further information:

Chantal Nappert
Executive Director, Investor Relations
Tel: [phone]
Fax: [phone]
Website: www.innvestreit.com