SYS-CON MEDIA Authors: Ava Smith, Scott Bampton, Elizabeth White, Glenn Rossman, Pat Romanski

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Partners Real Estate Investment Trust (TSX:PAR.UN) Announces Distribution of $0.04167 Per Unit

VICTORIA, BRITISH COLUMBIA -- (Marketwired) -- 01/15/14 -- Partners Real Estate Investment Trust ("Partners REIT") (TSX:PAR.UN) is pleased to announce a $0.04167 per unit distribution for January 2014. The distribution will be paid on February 17, 2014 to unitholders of record on January 31, 2014. Partners REIT currently has approximately 25,998,800 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-nine retail properties, well-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.

Contacts:
Partners Real Estate Investment Trust
Patrick Miniutti
Chief Executive Officer
(250) 940-5500
(250) 940-5501 (FAX)

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