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Partners Real Estate Investment Trust (TSX: PAR.UN) Announces Distribution of $0.05333 per Unit

VICTORIA, BRITISH COLUMBIA--(Marketwire - Feb 15, 2013) - Partners Real Estate Investment Trust (TSX:PAR.UN) ("Partners REIT") is pleased to announce a $0.05333 per unit distribution for February 2013. The distribution will be paid on March 15, 2013 to unitholders of record on February 28, 2013.

Partners REIT currently has approximately 25,692,803 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) thirty-three retail properties, well-located in British Columbia, Alberta, Manitoba, Ontario and Quebec, aggregating approximately 2.3 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.