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UNITED STATES


Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX:CRR.UN)
announced today that it has entered into an agreement to sell, subject to
regulatory approval and on a bought-deal basis, $60 million of trust units (the
"Units") at a price of $13.25 per Unit to a syndicate of underwriters co-led by
CIBC, Scotiabank, TD Securities Inc. and BMO Capital Markets. Closing is
expected to occur on or about May 30, 2014, subject to receipt of the Toronto
Stock Exchange and other necessary regulatory approvals. In addition, ECL
Developments Limited ("ECL"), a wholly-owned subsidiary of Empire Company
Limited, will purchase approximately $40 million of Class B LP Units on the same
terms in satisfaction of its pre-emptive right with respect to the offering. 


The REIT intends to use the net proceeds from both the offering and the
concurrent purchase by ECL to reduce outstanding borrowings under the REIT's
revolving credit facility and for general trust purposes, including possible
future acquisitions.


The terms of the offering will be described in a supplement to Crombie's
existing short form base shelf prospectus dated May 13, 2014, to be filed with
Canadian securities regulators on or about May 23, 2014.


The underwriting syndicate was co-led by CIBC, Scotiabank, TD Securities Inc.
and BMO Capital Markets and also includes National Bank Financial Inc., RBC
Capital Markets, Canaccord Genuity Corp., Desjardins Securities Inc. and Raymond
James Ltd. 


This press release shall not constitute an offer to sell, or the solicitation of
an offer to buy, any securities in any jurisdiction. The Units will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.


About Crombie

Crombie Real Estate Investment Trust is an open-ended real estate investment
trust established under, and governed by, the laws of the Province of Ontario.
Crombie currently owns a portfolio of 250 commercial properties across Canada,
comprising approximately 17.6 million square feet with a strategy to own and
operate a portfolio of high quality grocery and drug store anchored shopping
centres and freestanding stores in Canada's top 36 markets. 


This news release contains forward looking statements that reflect the current
expectations of management of Crombie about Crombie's future results,
performance, achievements, prospects and opportunities. Wherever possible, words
such as "continue", "may", "will", "estimate", "anticipate", "believe",
"expect", "intend" and similar expressions have been used to identify these
forward looking statements, and include statements regarding the expected use of
proceeds of the offering and the ECL private placement and the expecting timing
for closing the offering and the ECL private placement. These statements reflect
current beliefs and are based on information currently available to management
of Crombie. Forward looking statements necessarily involve known and unknown
risks and uncertainties.


A number of factors, including those risks discussed in the 2013 annual
Management Discussion and Analysis under "Risk Management", could cause actual
results, performance, achievements, prospects or opportunities to differ
materially from the results discussed or implied in the forward-looking
statements. These factors should be considered carefully and a reader should not
place undue reliance on the forward looking statements. There can be no
assurance that the expectations of management of Crombie will prove to be
correct.


More information about Crombie can be found on Crombie's web site at
www.crombiereit.com or on the SEDAR web site for Canadian regulatory filings at
www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Crombie Real Estate Investment Trust
Mr. Glenn Hynes, FCA
Executive Vice President, Chief Financial Officer
and Secretary
(902) 755-8100
www.crombiereit.com

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