InnVest REIT to Release its Fourth Quarter Earnings

For Immediate Release INNVEST REAL ESTATE INVESTMENT TRUST TO RELEASE ITS FOURTH QUARTER EARNINGS Toronto, Canada (January 19, 2012) - InnVest Real Estate Investment Trust

("InnVest")(TSX:INN.UN) will release its fourth quarter results on Friday, March 16th,
2012 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 16th beginning at 1:00 pm through to 11:59 p.m. on March 30th. To access the recording please call 905-694-
9451 or 1-800-408-3053 and use the reservation number 7573534#.

TRUST PROFILE

InnVest Real Estate Investment Trust ("InnVest REIT") is an unincorporated open-ended real estate investment trust which owns a portfolio of 144 hotels across Canada representing approximately 19,000 guest rooms operated under internationally recognized brands. InnVest REIT leases its hotels to InnVest Operations Trust ("IOT"), a taxable trust. IOT directly and indirectly holds all of the hotel operating assets, earns revenues from hotel customers and pays rent to InnVest REIT. IOT also holds a 50% interest in Choice Hotels Canada Inc., the largest franchisor of hotels in Canada, and earns revenues from franchising fees.
Each issued and outstanding InnVest REIT unit trades together with a non-voting unit of IOT as a "stapled unit" on the Toronto Stock Exchange (the "TSX") under the symbol INN.UN. InnVest REIT's convertible debentures trade on the TSX under the symbols INN.DB.B, INN.DB.C, INN.DB.D and INN.DB.E.
For further information:
Kenneth D. Gibson Tamara L. Lawson
President and Chief Executive Officer Chief Financial Officer and Secretary
Tel: [phone]
Fax: [phone]
Website: www.innvestreit.com