TORONTO, ONTARIO--(Marketwire - Dec. 30, 2010) - Counsel Corporation ("Counsel" or the "Company") (TSX:CXS) today announced that it has completed the sale of a real estate portfolio (the "Portfolio") owned and/or managed by Counsel to Retrocom Mid-Market Real Estate Investment Trust ("Retrocom") (TSX:RMM.UN). The Portfolio consists of 7 commercial retail properties totaling in excess of 800,000 square feet of gross leasable area, located in Ontario and New Brunswick.