Partners REIT Announces Timing of Fourth Quarter & Year-End 2011 Results & Conference Call

Partners Real Estate Investment Trust (TSX VENTURE:PAR.UN) will release its
financial results for the three months and year ended December 31, 2011 on the
evening of Thursday, March 15, 2012. A telephone conference call hosted by
Partners REIT's management team will be held Monday, March 19, 2012 at 1.00 pm
ET (10.00 am PT). The telephone numbers for the conference call are:


Local / International: [phone]

North American Toll Free: [phone]

Replay/Archive

The telephone numbers to listen to the conference call after it is completed
(Instant Replay) are local [phone] or toll free [phone]. Please
enter the passcode 304494# when instructed. A recording of the conference call
will also be available on the REIT's web site at www.partnersreit.com.


About Partners REIT

Partners REIT is a growth-oriented real estate investment trust owning, managing
and growing a portfolio of retail and mixed-use community and neighbourhood
shopping centres well-located in both primary and secondary markets across
Canada. More information about the REIT can be found on its web site at
www.partnersreit.com.


This press release contains forward-looking statements. Such forward-looking
statements are qualified in their entirety by the inherent risks and
uncertainties surrounding future expectations. Forward-looking statements are
based on a number of assumptions which may prove to be incorrect. Important
factors that could cause actual results to differ materially from expectations
include, among other things, general economic and market factors, local real
estate conditions, including the development of properties in close proximity to
Partners REIT's properties, competition, changes in government regulation,
dependence on tenants, financial conditions, interest rates, the availability of
equity and debt financing, environmental and tax-related matters, reliance on
the Manager, potential conflicts of interest and reliance on key personnel. The
cautionary statements qualify all forward-looking statements attributable to
Partners REIT and persons acting on its behalf. Unless otherwise stated, all
forward-looking statements speak only as of the date of this press release.