AAR.UN Pure Industrial Real Estate Trust

VANCOUVER, Aug. 9, 2012 /CNW/ - Pure Industrial Real Estate Trust ("PIRET" or the "REIT") today announced the successful closing of a fully leased multi-tenant, income producing industrial property for a total purchase price of $4,250,000. The property is located at 15 Turbo Drive, Edmonton, Alberta, has a total gross leasable area ("GLA") of 27,071 square feet on a 2.01 acre site, and is 100% leased to two strong regional tenants on a fully net basis. PIRET acquired the property on an all cash basis and funded the acquisition with equity from the bought deal financing that closed on March 1, 2012. The asset was acquired at a going-in capitalization rate of 7.96%. After completing this transaction, PIRET's portfolio will total 72 properties with GLA of approximately 5.2 million square feet. The REIT's year-to-date acquisitions are summarized below: Price Cap Address Municipality GLA (sf) ($million) Rate Occupancy 7830 46,300 $ 4.45 6.50% 100% Vantage Way Delta, BC 925 - 325,680 22.13 8.00% 93% 931 Brock Pickering, Road ON 1345 112,300 9.70 7.76% 100% Redwood Avenue Winnipeg, MB 2440 94,988 10.56 6.75% 100% Winston Park Drive Oakville, ON 230 118,225 7.27 6.50% 100% Barmac North York, Drive ON 2030 108,238 8.10 7.68% 100% Notre Dame Avenue Winnipeg, MB 515 45,170 2.70 8.00% 100% Welham Road Barrie, ON 12155 - 154th Street Edmonton, AB 142,583 16.80 8.00% 100% 6800 101,039 8.25 6.74% 100% Rexwood Mississauga, Road ON 15 27,071 4.25 7.96% 100% Turbo Drive Edmonton, AB 1,121,634 $ 94.21 7.51% 98% 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 REIT in Canada that offers investors exclusive exposure to Canada's industrial asset class. Additional information about PIRET is available at www.piret.ca or www.sedar.com. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the policies of the TSX Venture Exchange) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.  Pure Industrial Real Estate Trust (PIRET) CONTACT: Andrew Greig,Director of Investor RelationsPure Industrial Real Estate TrustSuite 910, 925 West Georgia StreetVancouver, BC V6C 3L2Phone: (604) 681-5959 or (888) 681-5959E-mail: agreig@piret.caTSX Venture Exchange - AAR.UN

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