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Press release from Marketwire

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

Monday, April 16, 2012

Partners Real Estate Investment Trust (TSX VENTURE:PAR.UN) Announces Distribution of $0.05333 Per Unit16:31 EDT Monday, April 16, 2012VICTORIA, BRITISH COLUMBIA--(Marketwire - April 17, 2012) - Partners Real Estate Investment Trust (TSX VENTURE:PAR.UN) ("Partners REIT") is pleased to announce a $0.05333 per unit distribution for April 2012. The distribution will be paid on May 15, 2012 to unitholders of record on April 30, 2012. Partners REIT currently has approximately 18,225,516 trust units outstanding. Distribution Reinvestment PlanPartners REIT offers a distribution reinvestment plan whereby residents of Canada may elect to have their cash distributions reinvested in additional units of Partners REIT. Partners REIT Partners REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) twenty-eight retail properties, well-located in British Columbia, Alberta, Manitoba, Ontario and Quebec, aggregating approximately 2.1 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 PLEASE CONTACT: Patrick MiniuttiPartners Real Estate Investment TrustPresident and Chief Operating Officer(250) 940-5500(250) 940-5501 (FAX)ORDionne BarnesPartners Real Estate Investment TrustChief Financial Officer(250) 940-5500(250) 940-5501 (FAX)www.partnersreit.comNeither 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.