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

Partners Real Estate Investment Trust ("Partners REIT") (TSX VENTURE:PAR.UN) is
pleased to announce a $0.01333 per unit distribution for July 2011. The
distribution will be paid on August 15, 2011 to unitholders of record on July
29, 2011.


Partners REIT currently has approximately 30,988,438 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 6% 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) eighteen retail properties, well-located in
British Columbia, 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.