Partners REIT Announces the Resignation of Marc Charlebois as a Trustee

TORONTO, ONTARIO--(Marketwired - May 18, 2016) - Partners Real Estate Investment Trust (the "REIT") (TSX:PAR.UN) announces today that, for personal reasons, Marc Charlebois has tendered his resignation as a trustee of the REIT and will not stand for re-election at the upcoming annual and special meeting of unitholders. The board of trustees wishes to thank Mr. Charlebois for his service as a trustee of the REIT. In light of the resignation of Mr. Charlebois, the board of trustees have resolved to maintain the current number of trustees and have set the number of trustees to be elected at the upcoming annual and special meeting of unitholders at five.

About Partners REIT

The REIT is a growth-oriented real estate investment trust, which currently owns (directly or indirectly) 36 retail properties, located in British Columbia, Alberta, Manitoba, Ontario, and Quebec, aggregating approximately 2.5 million square feet of leasable space. The 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.