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Press release from Marketwire

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

Monday, July 16, 2012

Partners Real Estate Investment Trust (TSX:PAR.UN) Announces Distribution of $0.05333 Per Unit09:00 EDT Monday, July 16, 2012VICTORIA, BRITISH COLUMBIA--(Marketwire - July 16, 2012) - Partners Real Estate Investment Trust ("Partners REIT") (TSX:PAR.UN) is pleased to announce a $0.05333 per unit distribution for July 2012. The distribution will be paid on August 15, 2012 to unitholders of record on July 31, 2012. Partners REIT currently has approximately 21,374,650 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. 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 PLEASE CONTACT: Patrick MiniuttiPartners Real Estate Investment TrustPresident and Chief Operating Officer(250) 940-5500(250) 940-5501 (FAX)ORTony Quo VadisPartners Real Estate Investment TrustChief Financial Officer(250) 940-5500(250) 940-5501 (FAX)