Partners Real Estate Investment Trust (TSX VENTURE:PAR.UN) Announces Distribution of $0.05333 Per Unit

Partners Real Estate Investment Trust ("Partners REIT") (TSX VENTURE:PAR.UN) is
pleased to announce a $0.05333 per unit distribution for February 2012. The
distribution will be paid on March 15, 2012 to unitholders of record on February
29, 2012. Partners REIT currently has approximately 17,852,779 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) twenty-two retail properties,
well-located in British Columbia, Alberta, Manitoba, Ontario and Quebec,
aggregating approximately 1.7 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.