TORONTO, Oct. 24, 2018 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (“Partners REIT” or the “REIT”) (TSX:PAR.UN) is pleased to announce that it has closed the sale of its 9 properties in Western Canada as announced on September 19, 2018. The net cash proceeds from this sale, and from the recent sale of Mariner Square, after payment of related mortgages and transaction expenses, is approximately $50 million. BMO Capital Markets Real Estate Inc. acted as advisor to Partners REIT on the transaction.