TORONTO, ONTARIO--(Marketwire - Dec. 16, 2010) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced its December 2010 monthly distribution in the amount of 11.75 cents per Unit (C$1.41 annualized). The December distribution will be paid on January 17, 2011 to Unitholders of record of December 30, 2010.