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Press release from Marketwire

Partners Real Estate Investment Trust Announces Change to Board of Trustees

Tuesday, April 16, 2013

Partners Real Estate Investment Trust Announces Change to Board of Trustees

20:00 EDT Tuesday, April 16, 2013

VICTORIA, BRITISH COLUMBIA--(Marketwired - April 16, 2013) - Partners Real Estate Investment Trust (the "REIT" or "Partners REIT") (TSX:PAR.UN)(TSX:PAR.DB)(TSX:PAR.DB.A)(TSX:PAR.DB.B) announces that Mr. Paul Dykeman has submitted his resignation from the board of trustees. Mr. Dykeman indicated that his resignation is for personal reasons.

Mr. Lou Maroun, on behalf of the board, expressed the following; "It is with regret that the board accepted Mr. Dykeman's resignation which is effective as of April 11th. We wish to extend a sincere thank you to Paul for his very diligent work as a trustee of the REIT, Chair of its Audit Committee and a member of its Investment Committee."

About Partners REIT

Partners REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) 38 retail properties located in British Columbia, Alberta, Manitoba, Ontario and Quebec, aggregating approximately 2.7 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:

Neither the Toronto Stock Exchange nor Market Surveillance (as that term is defined in TSX Company Manual) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:
Partners REIT
Patrick Miniutti
Chief Executive Officer
(250) 940-5530

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