Mr. Derek Dermott reports

AGELLAN COMMERCIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES CERTAIN CHANGES TO ITS BOARD OF TRUSTEES

Agellan Commercial Real Estate Investment Trust has made certain changes to the composition of its board of trustees.

The REIT is pleased to announce that Anthony Messina has been appointed as a new independent trustee of the REIT, effective immediately. Mr. Messina is presently the managing director of investments for Westmont Hospitality Group and the head of Westmont Hospitality Canada. Previously, Mr. Messina was the president and chief executive officer of InnVest Real Estate Investment Trust, Canada's largest hotel owner. Mr. Messina has more than 20 years of experience in the real estate industry, including financial management, hotel development/ownership and privatization of public real estate companies. Prior to joining Westmont, Mr. Messina also served for over eight years as vice-president for a global real estate division of one of Canada's largest pension funds, Caisse de depot et placement du Quebec, where he was responsible for global real estate acquisitions. Mr. Messina is a member of the Canadian Institute of Chartered Accountants and is now a member of the REIT's corporate governance and nominating committee as well as its audit committee.

The REIT is also pleased to announce that Richard Dansereau, an independent trustee of the REIT and former interim chair of the board of trustees of the REIT, has been appointed as chair of the board of trustees of the REIT.

The REIT is committed to strong governance, and, as such, each of the corporate governance and nominating committee and the audit committee of the REIT comprises exclusively independent trustees of the REIT, being Sara Yamotahari (chair), Richard Dansereau and Anthony Messina.

"We are very pleased to have Anthony Messina join our board of trustees," said Mr. Dansereau, chair of the board of trustees of the REIT. "Anthony has an in-depth understanding of our business, and his strategic knowledge, experience and reputation in our industry will be an advantage to Agellan Commercial REIT going forward."

We seek Safe Harbor.