Partners Real Estate Investment Trust (TSX VENTURE:PAR.UN) Announces Distribution of $0.01333 Per Unit

Partners Real Estate Investment Trust (TSX VENTURE:PAR.UN) ("Partners REIT") is
pleased to announce a $0.01333 per unit distribution for March 2011. The
distribution will be paid on April 15, 2011 to unitholders of record on March
31, 2011.


Partners REIT currently has approximately 30,943,934 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. Currently, approximately 4% of the total issued and
outstanding units have enroled in the plan.


Partners REIT

Partners REIT is a growth-oriented real estate investment trust, which currently
owns (directly or indirectly) seventeen retail properties, well-located in
Manitoba, Ontario and Quebec, aggregating approximately 1.3 million square feet
of leaseable 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.