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Press release from Marketwire

Northern Property Real Estate Investment Trust Announces October 2010 Distribution

Friday, October 15, 2010

Northern Property Real Estate Investment Trust Announces October 2010 Distribution10:39 EDT Friday, October 15, 2010CALGARY, ALBERTA--(Marketwire - Oct. 15, 2010) - Northern Property Real Estate Investment Trust ("NPREIT") (TSX:NPR.UN) announced its October 2010 monthly distribution in the amount of $0.1275 per unit, payable on November 15, 2010 to unitholders of record at October 29, 2010.As at the date hereof, there are 25,519,901 Trust Units and 1,897,705 Class B exchangeable limited partnership units of NPR.UN issued and outstanding.FOR FURTHER INFORMATION PLEASE CONTACT: Northern Property Real Estate Investment Trust Mr. Todd R. Cook Chief Financial Officer (403) 531-0720