Partners Real Estate Investment Trust (TSX-V: PAR.UN) announces distribution of $0.01333 per unit


VICTORIA, B.C. (January 16, 2012) - Partners Real Estate Investment Trust (“Partners REIT”) is pleased to announce a $0.01333 per unit distribution for January 2012. The distribution will be paid on February 15, 2012 to unitholders of record on January 31, 2012.

Partners REIT currently has approximately 31,062,413 trust units outstanding.

Distribution Reinvestment Plan

Partners REIT offers a distribution reinvestment plan whereby residents of Canada may elect to have their cash distributions reinvested in additional units of Partners REIT. Currently, approximately 5% of the total issued and outstanding units have enroled in the plan.

Partners REIT

Partners REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) twenty-one retail properties, well-located in British Columbia, Alberta, Manitoba, Ontario and Quebec, aggregating approximately 1.6 million square feet of leasable space.  Partners REIT focuses on expanding and managing a portfolio of retail and mixed-use community and neighbourhood shopping centres located in both primary and secondary markets across Canada.

More information

Patrick Miniutti, President and Chief Operating Officer or
Dionne Barnes, Chief Financial Officer
Telephone: (250) 940-5500, Facsimile: (250) 940-5501

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.