PAR.UN Partners Reit

Partners Real Estate Investment Trust ("Partners REIT") (TSX VENTURE:PAR.UN) is
pleased to announce a $0.01333 per unit distribution for October 2011. The
distribution will be paid on November 15, 2011 to unitholders of record on
October 31, 2011. 


Partners REIT currently has approximately 31,020,937 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) twenty retail properties, well-located in British
Columbia, Manitoba, Ontario and Quebec, aggregating approximately 1.6 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.

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