PCE Pacific Office Properties Trust,

Pacific Office Properties Trust, Inc. (AMEX: PCE), a West Coast office REIT, provided the following schedules to assist shareholders in the tax reporting of the Company’s 2010 dividend payments.

For the Company’s Listed Common Stock:

                                        2010                     Dividend Dividend 2010 Dividend Allocable to Ordinary Dividend 2010 Return Record Date           Date Paid           Per Share             2010           Income %           Capital Gain %           of Capital % 12/31/2009 01/15/2010 $ 0.05 $ 0.05 0.0 % 0.0 % 100.0 % 03/31/2010 04/15/2010 $ 0.05 $ 0.05 0.0 % 0.0 % 100.0 % 06/30/2010 07/15/2010 $ 0.05 $ 0.05 0.0 % 0.0 % 100.0 % 09/30/2010 10/15/2010 $ 0.05           $ 0.05 0.0 % 0.0 % 100.0 % Total $ 0.20           $ 0.20  

The common stock dividend of $0.050 per share with a record date of December 31, 2009 and paid on January 15, 2010 is allocated to 2010. The common stock dividend of $0.011 per share with a record date of December 31, 2010 and paid on January 17, 2011 will be allocated to 2011.

For the Company’s Senior Common Stock:

                                        2010                     Daily Dividend Dividend 2010 Dividend Allocable to Ordinary Dividend 2010 Return Month           Date Paid           Per Share           2010           Income %           Capital Gain %           of Capital % April 05/17/2010 $ 0.00201389 100.00 % 0.00 % 0.00 % 100.00 % May 06/15/2010 $ 0.00194892 100.00 % 0.00 % 0.00 % 100.00 % June 07/15/2010 $ 0.00201389 100.00 % 0.00 % 0.00 % 100.00 % July 08/16/2010 $ 0.00194892 100.00 % 0.00 % 0.00 % 100.00 % August 09/15/2010 $ 0.00194892 100.00 % 0.00 % 0.00 % 100.00 % September 10/15/2010 $ 0.00201389 100.00 % 0.00 % 0.00 % 100.00 % October 11/15/2010 $ 0.00194892 100.00 % 0.00 % 0.00 % 100.00 % November 12/15/2010 $ 0.00201389 100.00 % 0.00 % 0.00 % 100.00 %  

The dividends for December 2010, paid on January 17, 2011 will be allocated to 2011.

Shareholders are encouraged to consult with their tax advisors as to the specific treatment of the dividends they have received from the Company.

About Pacific Office Properties Trust, Inc.

Pacific Office Properties Trust, Inc. (www.pacificofficeproperties.com) is a real estate investment trust that owns, acquires and operates primarily institutional-quality office properties principally in selected long-term growth markets in California and Hawaii.

Certain Information About Forward-Looking Statements

Some of the statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “pipeline,” “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “assumes,” “believes,” “estimates,” “predicts” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions.

The forward-looking statements contained in this press release reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from those expressed in any forward-looking statement. Statements regarding the following subjects, among others, may be forward-looking: identification of office properties to acquire and completing acquisitions on terms favorable to us; our ability to source off-market deal flow in the future; our ability to manage our growth effectively; operation of acquired properties; adverse economic or real estate conditions or developments in the office real estate sector and/or in the markets in which we acquire properties; our projected operating results; decreased rental rates or increased vacancy rates; defaults on, early terminations of or non-renewal of leases by tenants; tenant bankruptcies; our ability to sell our interests in properties on a timely basis and on favorable terms; our joint ventures; declining real estate valuations and impairment charges; insurance coverage; our ability to comply with the laws, rules and regulations applicable to us; impact of changes in governmental regulations, tax law and rates, and similar matters; the impact of litigation; market trends in our industry, interest rates, real estate values, the capital markets and the general economy; our understanding of our competition; our ability to obtain financing arrangements or refinance existing debt; future debt service obligations; our expected leverage; increased interest rates and operating costs; availability, terms and deployment of capital; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; changes in our business and investment strategy; and those additional factors described under the heading “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2009 and in our subsequent Quarterly Reports on Form 10-Q.

While forward-looking statements reflect our good faith beliefs, assumptions and expectations, they are not guarantees of future performance. Furthermore, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause our future results to differ materially from any forward-looking statements, reference should be made to our filings with the Securities and Exchange Commission.