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Press release from Marketwire

Partners Real Estate Investment Trust Announces Distribution of $0.05333 Per Unit

Friday, December 14, 2012

Partners Real Estate Investment Trust Announces Distribution of $0.05333 Per Unit18:53 EST Friday, December 14, 2012VICTORIA, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2012) - Partners Real Estate Investment Trust ("Partners REIT") (TSX:PAR.UN) is pleased to announce a $0.05333 per unit distribution for December 2012. The distribution will be paid on January 15, 2012 to unitholders of record on December 31, 2012. Partners REIT currently has approximately 22,308,274 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 REITPartners 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: Contact Information: Partners Real Estate Investment TrustPatrick MiniuttiPresident(250) 940-5500Partners Real Estate Investment TrustTony Quo VadisChief Financial Officer(250) 940-5500(250) 940-5501 (FAX)www.partnersreit.com