Partners REIT Announces ISS Recommendation: Unitholders Should Vote FOR All Trustee Nominees and Resolutions

Partners Real Estate Investment Trust (the "REIT" or "Partners") (TSX:PAR.UN)
announced today that Institutional Shareholder Services ("ISS") has recommended
that its clients vote FOR all of Partners' Trustee nominees for election at the
REIT's upcoming Annual and Special Meeting, to be held on July 15, 2014. ISS
also recommended that unitholders vote FOR the Unitholder Rights Plan and
approve KPMG LLP as auditor.


ISS is a leading independent international corporate governance analysis and
proxy voting firm, whose recommendations are intended to assist unitholders in
making choices regarding proxy voting decisions. In making its recommendation,
ISS met with the REIT, carefully considered the nominees and details of the
proposals put forward and recommended on the basis of what it believes is in the
best interests of unitholders. The Board of Trustees is pleased to have received
this important endorsement from an independent third-party. 


The Trustees have taken decisive action to protect and enhance unitholder value
and the REIT is well on its way to a brighter future. The Board's immediate
focus is on completing a search for a new permanent CEO and the ongoing
strategic review of the REIT. To ensure unitholder votes are voted at the
upcoming Meeting, the Board recommends that unitholders cast their vote on the
YELLOW proxy in advance of the July 11, 2014, 1 p.m. (Toronto time) proxy voting
deadline.


About Partners REIT

Partners REIT is a growth-oriented real estate investment trust, which currently
owns (directly or indirectly) 42 retail properties, well located in British
Columbia, Alberta, Manitoba, Ontario, and Quebec, aggregating approximately 3.2
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.


Disclaimer

Certain statements included in this press release constitute forward-looking
statements. The forward- looking statements are not historical facts but reflect
Partners REIT's current expectations regarding future results or events. These
forward looking statements are subject to a number of risks and uncertainties
that could cause actual results or events to differ materially from current
expectations. Although Partners REIT believes that the assumptions inherent in
the forward-looking statements are reasonable, forward-looking statements are
not guarantees of future performance and, accordingly, readers are cautioned not
to place undue reliance on such statements due to the inherent uncertainty
therein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investors: Laurel Hill Advisory Group
1-877-452-7184 or [phone]
[e-mail]


Partners Real Estate Investment Trust
Investor Relations
[phone] ext 401
[e-mail]


Media: Longview Communications
Joel Shaffer
416-649-8006