Partners REIT going-private transaction with McCowan and Associates Ltd.
(WorldNews Canada)

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`). ......