Partners Announces Results of Annual General Meeting

TORONTO, ONTARIO--(Marketwired - May 25, 2016) - Partners Real Estate Investment Trust (the "REIT," or "Partners") (TSX:PAR.UN) announces the results of voting conducted on May 25, 2016, at the REIT's Annual General Meeting of Unitholders.

A total of approximately 18,989,254 shares (approximately 56.60% of 33,547,277 outstanding voting shares) were represented in person or by proxy. Unitholders voted in favour of terminating the REIT's unitholder rights plan and as such the plan will terminate effective as of May 25, 2016.

A summary of Trustee voting results is presented below:

		Votes For		% Votes For		Votes Withheld		% Withheld
Dexter D.S. John		18,913,752		99.67		61,743		0.33
Jane Domenico		18,789,921		99.02		185,574		0.98
Allan Kimberley		18,967,155		99.96		8,340		0.04
Simon Nyilassy		18,970,498		99.97		4,997		0.03
C. Ian Ross		18,747,422		98.80		228,073		1.20

Additional matters subject to vote were as follows:

		Votes For		% Votes For		Votes Withheld		% Withheld
Appointment of Auditors		18,920,781		99.71		54,714		0.29

		Votes For		% Votes For		Votes Against		% Against
To Reconfirm the Consolidated Amended and Restated Unitholder Rights Plan		805,160		4.24		18,171,195		95.76
To Terminate the Consolidated Amended and Restated Unitholder Rights Plan		18,357,135		96.74		618,820		3.26%

About Partners REIT