Mr. Louis Lemire reports

NOBEL REIT ANNOUNCES FILING OF RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2015

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, 2015.

According to the president and chief executive officer of Nobel, Jean Teasdale: "Nobel REIT continued its growth with the acquisition of a 16th investment property during the month of September, 2015, bringing the value of its property portfolio near $110-million; since Dec. 31, 2014, gross leasable area managed by Nobel REIT has almost doubled, with a current occupancy rate of more than 98 per cent. Regarding comprehensive income, rental revenues from properties have more than tripled in the quarter ended Sept. 30, 2015, compared to the quarter ended Sept. 30, 2014, and net income before changes in fair values increased by nearly $2-million for the nine-month period ended Sept. 30, 2015, compared to the same period the previous year. We are proud to meet our growth plan, and we therefore intend to continue this trend."

Highlights and selected financial information

The attached tables show highlights and selected financial information for the quarter and nine months ended Sept. 30, 2015.

                                          Quarter ended    Quarter ended
                                         Sept. 30, 2015   Sept. 30, 2014
Comprehensive income
Rental revenues from properties              $2,384,676         $715,881
Net operating income                          1,489,806          508,915
Net income before changes in fair values        486,414          119,772
Management discussion and analysis
Funds from operations                           491,914          126,710
Adjusted funds from operations (AFFO)           493,866          128,611         

                                             Nine-month       Nine-month        
                                           period ended     period ended      
                                         Sept. 30, 2015   Sept. 30, 2014
Comprehensive income                                                                   
Rental revenues from properties              $5,825,296       $1,692,896         
Net operating income                          3,834,915        1,073,298         
Net income (loss) before 
changes in fair values                        1,630,982         (364,252)         
Management discussion and analysis                                                   
Funds from operations                         1,654,906          103,651           
Adjusted funds from operations (AFFO)         1,660,763          109,302           

The consolidated financial statements of Nobel, which were prepared in accordance with IFRS (international financial reporting standards), and the management discussion and analysis report for the quarter ended Sept. 30, 2015, have been filed on SEDAR.

We seek Safe Harbor.