Partners Real Estate Investment Trust (TSX

PAR.UN) Announces Distribution of $0.04167 Per Unit

BARRIE, ONTARIO--(Marketwired - April 17, 2014) - Partners Real Estate Investment Trust ("Partners REIT") (TSX:PAR.UN) is pleased to announce a $0.04167 per unit distribution for April 2014. The distribution will be paid on May 15, 2014 to unitholders of record on April 30, 2014. Partners REIT currently has approximately 26,068,314 trust units outstanding. As of April 30, 2014, assuming the closing of the previously announced Ontario property acquisition, Partners REIT expects to have approximately 32,070,019 units outstanding, on a fully diluted basis.

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) thirty-nine retail properties, well-located in British Columbia, Alberta, Manitoba, Ontario and Quebec, aggregating approximately 2.7 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.

Partners Real Estate Investment Trust
Investor Relations
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[e-mail]

Renmark Financial Communications Inc.
Barry Mire
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[e-mail]

Renmark Financial Communications Inc.
Robert Thaemlitz
[phone] or [phone]
[e-mail]
www.renmarkfinancial.com