Retirement Residences Real Estate Investment Trust Announces 2006 Distribution Tax Allocation

Market Wire, February, 2007

Retirement Residences Real Estate Investment Trust ("Retirement REIT") today advised the allocation for income tax purposes of the distributions paid in 2006 is as follows:


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Return of Capital Amount                                             100.0%
Taxable Dividend                                                       0.0%
Taxable Other Income                                                   0.0%
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Unitholders should receive tax statements for filing with their 2006 income tax returns by the end of March 2007. For further information, see the Retirement REIT website at www.retirementreit.com .

Retirement REIT is the largest provider of accommodation and care for seniors in Canada. Retirement REIT owns 224 retirement and long term care facilities, including 40 facilities in select United States markets, and provides management services to 8 homes for other parties, with an aggregate resident capacity in excess of 26,500. Retirement REIT also provides nursing placement and in-home health care through its Central Health Services unit. For further information, see the Retirement REIT website at www.retirementreit.com .

Contacts: Retirement Residences Real Estate Investment Trust Tim Benson Vice President, Investor Relations & Corporate Finance (289) 360-1224 (289) 360-1228 (FAX) Website: www.retirementreit.com


 

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