InnVest Real Estate Investment Trust monthly distribution

Press Release Source: InnVest Real Estate Investment Trust
August 26, 2002
TORONTO -- InnVest Real Estate Investment Trust announced Friday that the distribution on September 16, 2002 will include a payment of $0.01815 per unit for the 6 day stub period from July 26 to July 31, 2002 in addition to the monthly distribution of $0.09375 per unit for a total of $0.1119 per unit.

InnVest REIT holds Canada's largest hotel portfolio together with a 50% interest in Choice Hotels Canada Inc. the largest franchisor of hotels in Canada. The hotel portfolio comprises 114 hotel properties, most of which are limited service hotels, with more than 11,600 guest rooms, operated under eight internationally recognized franchise brands such as Comfort Inn, Travelodge and Quality Suites/Inn.

InnVest units are traded on The Toronto Stock Exchange under the trading
symbol "INN.UN".

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For further information
Tamara L. Lawson
Chief Financial Officer and Secretary
Tel: (905) 206-7100
Fax: (905) 206-7114
Website: www.innvestreit.com


Source: InnVest Real Estate Investment Trust