Partners REIT Announces Appointment and Senior Management Changes

Partners REIT Announces Appointment and Senior Management Changes 
VICTORIA, BRITISH COLUMBIA -- (Marketwire) -- 03/27/13 -- Partners
Real Estate Investment Trust (TSX:PAR.UN) (the "REIT" or "Partners
REIT") announced today that Mr. Edward W. Boomer has been appointed
Chief Investment Officer responsible for the REIT's acquisitions and
property investment activities. 
Mr. Boomer has more than twenty years of experience in commercial
real estate. As Founder and President of Reference Realty Inc. he led
more than $200 million in commercial real estate transactions over
the last eighteen months. Prior to this he held positions of
increasing responsibility including Managing Director, Canadian
Operations for Kimco Realty Corp. and Vice-President and Operations
Manager for GE Real Estate. He currently sits on the Board of
Directors of Timbercreek Mortgage Investment Corporation. Mr. Boomer
holds a Bachelor of Law degree from Queen's University and a Bachelor
of Arts (Economics) from Glendon College. He has been a Member of The
Law Society of Upper Canada since 1991. 
"We are very pleased to welcome Ed to Partners REIT. We are confident
his considerable real estate experience will make a strong
contribution to the REIT's growth, and we look forward to working
with him in the years to come," commented Lou Maroun, Chairman. 
About Partners REIT 
Partners REIT is a growth-oriented real estate investment trust which
currently owns (directly or indirectly) 35 retail properties
well-located in in Ontario, Quebec, Manitoba, Alberta and British
Columbia aggregating approximately 2.4 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. For more information, please visit 
Certain statements included in this press release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "will" and similar
expressions to the extent they relate to Partners REIT. The
forward-looking statements are not historical facts but reflect
Partners REIT's current expectations regarding future results or
events. These forward looking statements are subject to a number of
risks and uncertainties that could cause actual results or events to
differ materially from current expectations, including access to
capital, regulatory approvals, intended acquisitions and general
economic and industry conditions. Although Partners REIT believes
that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, readers are cautioned not to place
undue reliance on such statements due to the inherent uncertainty
Partners Real Estate Investment Trust
Patrick Miniutti
(250) 940-5530