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Press release from Marketwire

Northern Property Real Estate Investment Trust to Recommend Amendments to Quorum Requirements

Monday, November 08, 2010

Northern Property Real Estate Investment Trust to Recommend Amendments to Quorum Requirements17:22 EST Monday, November 08, 2010CALGARY, ALBERTA--(Marketwire - Nov. 8, 2010) - Northern Property Real Estate Investment Trust ("NPR") (TSX:NPR.UN) today announced that the Chairman and the President & CEO, having considered the recommendations of Institutional Shareholder Services ("ISS") , have agreed to recommend to the Board of Trustees the amendment to its Declaration of Trust such that the quorum requirements for meetings of unitholders will be at least two unitholders present in person and/or by proxy who together hold at least 25 per cent of the issued and outstanding units of NPR. NPR's current quorum requirements are a minimum of two unitholders present in person and/or by proxy together holding at least 10 per cent of the issued and outstanding units of NPR.The proposed amendment to the Declaration of Trust will be considered by the Board of Trustees for presentation to the unitholders of NPR at the annual general meeting in May of 2011.FOR FURTHER INFORMATION PLEASE CONTACT: B. James BrittonNorthern Property Real Estate Investment TrustPresident and Chief Executive Officer(403) 531-0720(403) 531-0727 (FAX)ORTodd R. CookNorthern Property Real Estate Investment TrustChief Financial Officer(403) 531-0720(403) 531-0727 (FAX)www.npreit.com