Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of May, 2022

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Toronto, Ontario, May 16, 2022 - Choice Properties Real Estate Investment Trust ("Choice Properties") (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of May, 2022 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on June 15, 2022 to Unitholders of record at the close of business on May 31, 2022.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties' website at www.choicereit.ca and Choice Properties' issuer profile at www.sedar.com.

For further information:

Mario Barrafato
Chief Financial Officer
Choice Properties REIT
(416) 628-7872
[email protected]