Northern Property Real Estate Investment Trust Announces April 2013 Distribution

CALGARY, April 15, 2013 /CNW/ - Northern Property Real Estate Investment Trust ("NPREIT") (NPR.UN - TSX) announced its April 2013 monthly distribution in the amount of $0.1275 per unit, payable on May 15, 2013 to unitholders of record at April 30, 2013.

As at the date hereof, there are 31,981,970 Trust Units (NPR.UN) issued and outstanding and 67,796 Class B exchangeable limited partnership units issued and outstanding.

About NPR
NPR is primarily a multi-family residential real estate investor, providing a broad spectrum of rental accommodations in Canadian secondary markets with strong economic fundamentals where capitalization rates are somewhat higher and competition somewhat restrained. NPR's residential portfolio is comprised of a multi-family segment: apartments, town homes and single family rental units; and execusuites and hotels, where the rental periods range from a few days to several months. NPR also has a portfolio of commercial buildings focused on government tenancies predominantly located in Canada's far north. Geographically, NPR operates in British Columbia, the Northwest Territories, Alberta, Saskatchewan, Nunavut, Quebec and Newfoundland and Labrador. As at December 31, 2012 NPR has 9,597 residential units and 1,073,301 square feet of commercial space.

SOURCE: Northern Property Real Estate Investment Trust

Mr. Robert Palmer, Chief Financial Officer, [phone]