Adventus First Quarter 2012 Update to Investors

April 20, 2012

Adventus Realty Trust (the Trust) is pleased to provide an update regarding the first quarter 2012 (the initial quarter) of operations for the Trust. In our first quarter of operations, we have accomplished several milestones, including the closing of our first building acquisition and the initial preferred cash distribution.

On January 31, 2012, we had sufficient signed subscription agreements per our December 13, 2011 Term Sheet, to close on the Term Sheet. Closing actually occurred on February 10, 2012, and we were able to raise in excess of $5 million for the Trust.

Since closing, we have spent considerable time and energy on acquiring attractive U. S. commercial properties, while also establishing our international business structure and business relationships for investing in the U. S. as a foreign entity.

In March, 2012 we entered into an exclusive brokerage agreement until August, 2012, with a Phoenix-based firm, concerning all potential commercial properties of interest to Adventus which are located in Arizona. We have made one unsuccessful offer in respect of a commercial property in Arizona, and are assessing other properties for potential offers.

On March 28, 2012, we entered into an Option Agreement with Jeet Pangli’s group, to acquire the Mt. Prospect Chase Bank Building (in suburban Chicago), as described in our Term Sheet. We are currently having the property appraised and physically inspected by Cushman Wakefield, with a purchase decision to be made by the end of April, 2012.

On April 12, 2012, we closed our first building acquisition, being the Elgin Chase Campus (in suburban Chicago), as discussed prior to closing our Term Sheet. Adventus acquired the Elgin Chase Campus at a cost of just over $27million, including fees, for which Adventus has a 55% interest in the Limited Partnership formed to acquire the property.

This acquisition was financed by GE Capital, on a non-recourse basis to Adventus, for $20million, at a fixed interest rate of 6.08% over a 3 year term. This property has an expected capitalization rate to Adventus in excess of 11%. Further, JPMorgan Chase and Co., as major tenant, has a lease of approximately 84% of this property until 2027. The Elgin Chase Campus is managed solely by Adventus.

With our first round of seed equity financing completed earlier this quarter, we are now commencing the necessary work to complete a second pre-IPO financing round for the Trust in the Spring, which will be accomplished by way of a prospectus filing with regulatory authorities, hopefully within the next 30 days or so, and marketed via investment bankers.

As a result of the successful closing of the Elgin Chase Campus, we are in a favourable position to make our initial 8% (annualized) preferred cash distribution to Trust Investors, for our first quarter ended March 31, 2012 (computed from January 31, 2012 to March 31, 2012). For each Unit holder, this results in a cash distribution of $0.1333 per $10 Unit. This distribution has been forwarded to you by cheque, as part of this mail out package.

For purposes of future cash distributions, we have included a form provided by our Disbursement Agent, Equity Financial Trust Company, which will provide for electronic distributions to be made directly to your accounts. If you would like to have this feature, please complete the required information in the form and forward it to Equity Financial Trust Company Attention: ________.

We trust that our first quarter of operations have met your expectations. We will continue to work diligently, on your behalf, to move Adventus forward toward our goals for growth.


On behalf of the Trustee

Rodney B. Johnston

Investors News Releases Adventus First Quarter 2012 Update to Investors