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 March 2012. The
distribution will be paid on April 16, 2012 to unitholders of record on March
30, 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-seven retail properties, well-located in
British Columbia, Alberta, Manitoba, Ontario and Quebec, aggregating
approximately 2.1 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.