Pure Industrial Real Estate Trust Announces Cash Distribution for January 2014

VANCOUVER, Jan. 21, 2014 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSX: AAR.UN) today announced that its Board of Trustees has approved a cash distribution of $0.026 per trust unit for the month of January 2014 (equivalent to $0.312 per trust unit on an annualized basis). This distribution will be paid on February 17, 2014 to unitholders of record at the close of business on January 31, 2014.

The policy of PIRET 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 units are listed on the TSX under the symbol AAR.UN.  PIRET currently has 134,209,856 units issued and outstanding.

About Pure Industrial Real Estate Trust

PIRET is an unincorporated, open-ended investment trust that acquires, owns and operates a diversified portfolio of income-producing industrial properties in primary markets across Canada. PIRET focuses exclusively on investing in industrial properties and is the largest internally managed publicly traded REIT in Canada that offers investors exclusive exposure to Canada's industrial asset class.

PIRET's units are listed on the Toronto Stock Exchange under the symbol AAR.UN.  Additional information about the PIRET is available at www.piret.ca or www.sedar.com.

TSX - AAR.UN
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

SOURCE Pure Industrial Real Estate Trust (PIRET)

For further information:

Andrew Greig
Director of Investor Relations
Pure Industrial Real Estate Trust
Suite 910, 925 West Georgia Street
Vancouver, BC  V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
E-mail: agreig@piret.ca
www.piret.ca