Choice Properties Real Estate Investment Trust announced an agreement pursuant to which Choice Properties will acquire all of Canadian Real Estate Investment Trust's assets and assume all of its liabilities, including long-term debt and all residual liabilities. Upon closing, Mr. John Morrison will step down as President and Chief Executive Officer of Choice Properties and will serve as non-executive Vice Chairman of the combined REIT, providing guidance to the combined organization. Assuming leadership roles at Choice Properties will be Mr. Stephen Johnson, as President and Chief Executive Officer, Mr. Rael Diamond, as Chief Operating Officer, and Mr. Mario Barrafato, as Chief Financial Officer.