Mr. Jean Teasdale reports

NOBEL REIT ANNOUNCES FILING OF RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2014, RETAINS RENMARK FINANCIAL COMMUNICATIONS INC. AND GIVES AN UPDATE OF THE UPCOMING PRIVATE PLACEMENT

Nobel Real Estate Investment Trust has filed its interim consolidated financial statements, and its management discussion and analysis report for the quarter ended Sept. 30, 2014.

Highlights and selected financial information

The attached table shows highlights and selected financial information for the three-month and nine-month periods ended Sept. 30, 2014.

                                                                                         
                                                       Three-month          Three-month
                                                      period ended         period ended
                                                    Sept. 30, 2014       Sept. 30, 2013
Comprehensive (loss)
Rental revenues from properties                          $ 715,881            $ 491,900
Net operating income                                       508,915              310,824
Net income before changes in fair values                   119,772               41,516
Net (loss) and comprehensive (loss) for the period        (462,444)             (47,127)
Net (loss) per unit, basic and diluted                      (0,026)              (0,015)

                                                        Nine-month           Nine-month
                                                      period ended         period ended
                                                    Sept. 30, 2014       Sept. 30, 2013
Comprehensive (loss)
Rental revenues from properties                          1,692,896              662,667
Net operating income                                     1,073,298              431,404
Net (loss) before changes in fair values                  (364,252)            (121,480)
Net (loss) and comprehensive (loss) for the period        (816,356)            (737,862)
Net (loss) per unit, basic and diluted                      (0,101)              (0,359)

The interim consolidated financial statements of Nobel REIT, which were prepared in accordance with international financial reporting standards, and the management discussion and analysis report for the quarter ended on Sept. 30, 2014, have been filed on SEDAR.

Investor relations

Nobel REIT is also pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities.

"We are pleased to announce that we have selected Renmark to reinforce Nobel REIT's profile in the financial community and enhance the visibility of our project portfolio. We choose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public," noted Jean Teasdale, president and chief executive officer of Nobel REIT.

In consideration of the investor relation services to be provided by Renmark Financial Communications, Nobel REIT has agreed to a monthly agreement with a retainer of $7,000 starting on Jan. 1, 2015. The agreement between Nobel REIT and Renmark Financial Communications can be cancelled any time, subject to a 30-day written notice.

Renmark Financial Communications does not have any interest, directly or indirectly, in Nobel REIT or its securities, or any right or intent to acquire such an interest.

Upcoming private placement

Nobel REIT is happy to announce that the closing of the first tranche of the private placement previously announced will take place on Dec. 2, 2014. This first tranche consists of 8,125,000 trust units at a purchase price of 80 cents per trust unit, for gross proceeds of $6.5-million. A finder's fee of $130,000 will be paid to Realty Financial Advisors Inc. in connection with this tranche of the private placement.

We seek Safe Harbor.