Press Release: Partners REIT : Partners REIT going-private transaction with McCowan and Associates Ltd.

TORONTO, Oct. 10, 2019 (GLOBE NEWSWIRE) -- Partners Real Estate Investment Trust (the "REIT" or "Partners") (TSX: PAR.UN) and McCowan and Associates Ltd. ("MAA") today jointly announced that the REIT has entered into an arrangement agreement (the "Arrangement Agreement") with MAA pursuant to which MAA will acquire all of the outstanding units of the REIT (each a "Unit"), except for approximately 9,229,704 Units (representing approximately 20.03% of the outstanding Units) owned by MAA and its affiliates, for a price of Cdn. $0.78 per Unit in cash (the "Transaction").