Pure Industrial Real Estate Trust Announces Release of Q2 Financial Results,
Conference Call and Cash Distribution

VANCOUVER, Aug. 17 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) is pleased to announce the release of its financial results for the three and six months ended June 30, 2010.

    
    Q2 2010 Financial Results
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The Q2 2010 financial results consist of PIRET's unaudited interim financial statements for the three and six months ended June 30, 2010, and Management's Discussion and Analysis ("MD&A") dated August 17, 2010, are available on SEDAR (www.sedar.com).

    
    Conference Call
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Darren Latoski, Acting CEO, and Steve Evans, Acting CFO for PIRET, will host a conference call at 4:30pm (EST), 1:30 pm (PST), on Tuesday, August 17th, 2010, to review the financial results and corporate developments for the three and six months ended June 30, 2010.

To participate in this conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call, and ask to join the PIRET Conference call.

Dial in numbers:

    
        Toll Free dial in number (from Canada and USA)........1-866-212-4491
        International or Local Toronto........................1-416-800-1066
    

Conference Call Replay:

If you cannot participate on August 17th, a replay of the conference call will be available by dialing one of the following replay numbers. You will be able to dial in and listen to the conference 60 minutes after the meeting end time, and the replay will be available until August 24th, 2010.

Please enter the Replay ID number 3912993, followed by the number key.

    
    Replay Dial in number (Toll Free from Canada or the USA)..1-866-583-1035
    International .......................................011-44-208-196-1998

    Distribution
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PIRET today announced that its Board of Trustees has approved a cash distribution of $0.025 per trust unit for the period from August 1, 2010 to August 31, 2010 (equivalent to $0.30 per trust unit on an annualized basis). This distribution will be paid on September 15th, 2010 to unitholders of record at the close of business on August 31, 2010.

The policy of Pure Industrial Real Estate Trust is to pay cash distributions on or about the 15th day of each month to the unitholders of record on the last business day of the preceding month.

PIRET's units are listed on the TSX Venture Exchange under the symbol AAR.UN. PIRET has 21,276,263 units issued and outstanding.

For more information on PIRET, visit our website at www.piret.ca. or visit www.sedar.com.

    
    About Pure Industrial Real Estate Trust (PIRET)
    -----------------------------------------------
    

PIRET is an unincorporated, open-ended investment trust established for the purposes of acquiring, owning and operating a diversified portfolio of income-producing industrial properties in primary markets across Canada. PIRET focuses exclusively on investing in industrial properties and is the only publicly traded vehicle in Canada that offers investors exclusive exposure to Canada's industrial asset class.

TSX Venture Exchange - AAR.UN

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

For further information: Darren Latoski, Acting Chief Executive Officer, Andrew Greig, Director of Investor Relations, Pure Industrial Real Estate Trust (PIRET), Suite 910, 925 West Georgia Street, Vancouver, BC, V6C 3L2, Phone: [phone] or [phone], E-mail: [email protected], www.piret.ca