Northern Property Real Estate Investment Trust Announces March 2010
distribution

CALGARY, March 15 /CNW/ - Northern Property Real Estate Investment Trust ("NPREIT") (NPR.UN - TSX) announced its March 2010 monthly distribution in the amount of $0.1233 per unit, payable on April 15, 2010 to unitholders of record at March 31, 2010.

As at the date hereof, there are 23,058,650 Trust Units and 2,079,290 Class B exchangeable limited partnership units of NPR.UN issued and outstanding.

For further information: Mr. Todd R. Cook, Chief Financial Officer, [phone]