PAR.UN Partners Reit

Partners Real Estate Investment Trust (TSX VENTURE: PAR.UN) will release its financial results for the three months ended March 31, 2011 end of day Monday, June 13, 2011. A telephone conference call hosted by Partners REIT's management team will be held Thursday, June 16, 2011 at 11.00 am ET. The telephone numbers for the conference call are:

Local / International: (416) 915-8110

North American Toll Free: (866) 838-1265

Replay/Archive

The telephone numbers to listen to the conference call after it is completed (Instant Replay) are local (416) 915-1035 or toll free (866) 245-6755. Please enter the passcode 933991# when instructed. A recording of the conference call will also be available on the REIT's web site at www.partnersreit.com.

Annual Meeting of Unitholders

The REIT will hold its 2010 Annual and Special Meeting of Unitholders on Tuesday, June 14, 2011 at 10:00 am ET at The National Club, 333 Bay Street, Toronto, Ontario. Management will make a presentation on the REIT's recent results and its business, and Unitholders will have the opportunity to ask questions. Partners REIT cordially invites all Unitholders to attend the meeting.

About Partners REIT

Partners REIT is a growth-oriented real estate investment trust owning, managing and growing a portfolio of retail and mixed-use community and neighbourhood shopping centres well-located in both primary and secondary markets across Canada. More information about the REIT can be found on its web site at www.partnersreit.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Partners Real Estate Investment Trust Patrick Miniutti President and Chief Operating Officer (250) 940-5500 www.partnersreit.com