Mr. Shant Poladian reports

RAVELIN PROPERTIES REIT ANNOUNCES APPOINTMENT OF CALVIN YOUNGER AS BOARD CHAIR

Ravelin Properties REIT has appointed Calvin Younger as chair of the board of trustees. To accommodate Mr. Younger's appointment as chair, George Armoyan is stepping down from the chair role and will continue to serve as a member of the board.

Mr. Younger previously held roles with CIBC as Vice Chair, Real Estate Finance - Canada, Senior Vice President, Real Estate Finance - Canada and Senior Vice President, National Businesses. Prior to joining CIBC in 2001, he was a partner with Ernst & Young LLP and Managing Partner, Ernst & Young Kenneth Leventhal - Canada, the firm's real estate advisory subsidiary. Prior to that, Mr. Younger held a variety of executive positions with Deutsche Bank Canada. He is also an Executive-in-Residence and Adjunct Professor at Rotman School of Management, University of Toronto. Mr. Younger holds a Bachelor of Commerce degree from Trinity College, University of Toronto and an MBA from Schulich School of Business, York University.

"Calvin's long-standing commercial real estate sector experience and his business relationships, particularly in the lending arena, are invaluable to the REIT. Our recent Board additions have strengthened the REIT's corporate governance as we lay the groundwork for the REIT's long-term recovery and future growth." commented Shant Poladian, Chief Executive Officer and Trustee.

About Ravelin Properties REIT (TSX: RPR.UN)

The REIT owns and operates a portfolio of well-located commercial real estate assets in North America and Europe. The majority of the REIT's portfolio is comprised of government and high-quality credit tenants. Visit https://ravelinreit.com to learn more.

We seek Safe Harbor.