Real Estate — January 17, 2013

InnVest Real Estate Investment Trust Announces Date of Fourth Quarter Earnings

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2013) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) will release its fourth quarter results on Friday, March 15, 2013 to be followed by a conference call at 11:00 am Eastern Time. Participating on the call will be members of InnVest senior management.

Investors are invited to access the call by dialing 416-340-2216 or 1-866-226-1792. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available March 15th, beginning at 1:00 pm through to March 29th, 2013. To access the recording please call 905-694-9451 or 1-800-408-3053 and use the reservation number 8214798#.

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.

Contact Information

InnVest Real Estate Investment Trust
Chantal Nappert
Executive Director, Investor Relations
(905) 624-7806
(905) 206-7114 (FAX)
www.innvestreit.com

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