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

 

VICTORIA, B.C. (March 17, 2011) - Partners Real Estate Investment Trust (“Partners REIT”) is pleased to announce a $0.01333 per unit distribution for March 2011. The distribution will be paid on April 15, 2011 to unitholders of record on March 31, 2011.

Partners REIT currently has approximately 30,943,934 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 4% of the total issued and outstanding units have enroled in the plan.

About Partners REIT

Partners REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) seventeen retail properties, well-located in Manitoba, Ontario and Quebec, aggregating approximately 1.3 million square feet of leaseable 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.

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.

For further information, contact Patrick Miniutti, President and Chief Operating Officer or Dionne Barnes, Chief Financial Officer
Telephone: (250) 940-5500, Facsimile: (866) 672-8836.