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Partners REIT Amends and Extends Revolving Credit Facility

Partners REIT Amends and Extends Revolving Credit Facility 
VICTORIA, BRITISH COLUMBIA -- (Marketwired) -- 10/04/13 -- Partners
Real Estate Investment Trust (TSX:PAR.UN) (the "REIT" or "Partners
REIT") announced today it has extended and amended its existing
revolving credit facility (the "revolver") which is provided by a
consortium of Canadian chartered banks consisting of Royal Bank of
Canada, Bank of Nova Scotia and Laurentian Bank of Canada. The
revolver has a formula-based maximum not to exceed $40 million,
bearing interest at the bank's prime rate plus 1.0% per annum or the
Banker's Acceptance stamping fee plus 2.25% per annum, along with a
.25% fee on the undrawn portion of the maximum facility committed.
The amended revolver is currently secured by five of the REIT's
properties and can be expanded up to an additional $20 million to a
$60 million maximum with the securitization of additional
unencumbered properties. The revolver can be utilized for general
operating purposes, including the acquisition of additional assets. 
The amended revolver also now includes a $5 million carve out tied to
the Partners REIT's bank account to efficiently managed daily cash
inflows and outflows. The revolver will mature in March of 2015 and
may be extended for one additional year and each year thereafter,
subject to lender approval. 
About Partners REIT 
Partners REIT is a growth-oriented real estate investment trust,
which currently owns (directly or indirectly) 39 retail properties
located in Ontario, Quebec, Manitoba, Alberta and British Columbia
aggregating approximately 2.7 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. 
Disclaimer 
Certain statements included in this press release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "can be," "subject to" 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, lender 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
therein.
Contacts:
Partners Real Estate Investment Trust
Patrick Miniutti
Chief Executive Officer
(250) 940-5530 
Partners Real Estate Investment Trust
Heather Routly
Chief Financial Officer
(250) 419-7153