Partners Appoints Jane Domenico as Chief Executive Officer

BARRIE, ONTARIO--(Marketwired - July 14, 2015) - Partners Real Estate Investment Trust ("Partners," or "the REIT") (TSX:PAR.UN) is pleased to announce the appointment of Jane Domenico as the REIT's President and Chief Executive Officer. Ms. Domenico has served as the REIT's interim Chief Executive Officer since May 4, 2014, and as the REIT's Chief Operating Officer since February 14, 2014.

"We are pleased to formalize Ms. Domenico's appointment as Partners' Chief Executive Officer," stated Dexter John, Chairman of the REIT's Board of Trustees. "Ms. Domenico has played a critical role in navigating Partners through multiple high-level challenges, as well as both overseeing the REIT's day-to-day operations and plotting our strategy to maximize the value of our assets."

"I first joined Partners' because I believed the REIT possessed significant potential, and my conviction in that belief is even stronger today," stated Ms. Domenico. "I am very pleased to have the opportunity to help ensure that potential is realized for our unitholders."

Ms. Domenico possesses more than 20 years of real estate experience, including the management of more than $13 billion in retail assets and the deployment of more than $2 billion in development investments and operating capital expenditures. She has worked with Canada's largest pension fund developers, including the Canada Pension Plan Investment Board and Greystone Management, overseen joint ventures with Cadillac Fairview and Oxford, and worked directly with Oxford and Ivanhoe Cambridge.

About Partners REIT

Partners REIT is a growth-oriented real estate investment trust focused on the expansion and management of a portfolio of 36 retail and mixed-use community and neighbourhood shopping centres. These properties are located in both primary and secondary markets across British Columbia, Alberta, Manitoba, Ontario, and Quebec, and comprise a total of approximately 2.5 million square feet of leasable space.

Disclaimer

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 therein.