Partners Real Estate Investment Trust (TSX:PAR.UN) Announces Distribution of $0.05333 Per Unit



VICTORIA, BRITISH COLUMBIA, AUGUST 15, 2012 - Partners Real Estate Investment Trust (“Partners REIT”) is pleased to announce a $0.05333 per unit distribution for August 2012. The distribution will be paid on September 17, 2012 to unitholders of record on August 31, 2012.

Partners REIT currently has approximately 21,384,973 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.

About Partners REIT

Partners REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) thirty retail properties, well-located in British Columbia, Alberta, Manitoba, Ontario and Quebec, aggregating approximately 2.2 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.

For further information:

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