For Immediate Release INNVEST REAL ESTATE INVESTMENT TRUST ANNOUNCES RESCHEDULING OF DATE OF THIRD QUARTER EARNINGS Toronto, Canada (October 31, 2014) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) today announced that it has rescheduled the release of its third quarter earnings from Thursday November 6, 2014 to Wednesday November 5, 2014. InnVest has also rescheduled the conference call to discuss its earnings results to November 5, 2014 at 11:00 am Eastern. Participating on the call will be members of InnVest senior management.

Investors are invited to access the call by dialing 416-340-2216 or 1-866-225-0198. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available Wednesday November 5, 2014 beginning at 2:00 pm Eastern through to November 20, 2014. To access the recording please call 905-694-9451 or
1-800-408-3053 and use the reservation number 8245407#.

INNVEST PROFILE

InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of over 110 hotels across Canada representing approximately 14,000
guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada.
InnVest's units and convertible debentures trade on the Toronto Stock Exchange (the "TSX")
under the symbols INN.UN, INN.DB.D, INN.DB.E, INN.DB.F and INN.DB.G.

For further information:

Chantal Nappert
Vice President, Finance and Investor Relations
Tel: (905) 624-7806
Fax: (905) 206-7114
Website: www.innvestreit.com

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