BTB Real Estate Investment Trust announces $25 million offering of convertible debentures



    MONTREAL, Feb. 19 /CNW Telbec/ - BTB Real Estate Investment Trust
(TSX-V: BTB.UN) ("BTB REIT") announced today that it has entered into an
engagement letter with Blackmont Capital Inc. relating to an offering (the
"Offering") to the public by way of short form prospectus of 5 Year
Convertible Redeemable Unsecured Subordinated Debentures (the "Debentures"),
in the aggregate principal amount of $25,000,000. The Offering will be made on
a best efforts basis by a syndicate of investment dealers led by Blackmont
Capital Inc. and including National Bank Financial Inc., Desjardins Securities
Inc., Dundee Securities Corporation, Raymond James Ltd. and Genuity Capital
Markets (collectively, the "Agents").
    BTB REIT intends to use the net proceeds of the Offering to fund
previously identified property acquisitions.
    Closing of the Offering is expected to occur on or about March 6, 2008.

    Forward Looking Statements

    This press release contains forward looking statements. Forward-looking
statements are subject to risks, uncertainties and assumptions. Although the
trustees of BTB REIT believe that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct. Some of the factors and risks which
could affect future results and could cause results to differ materially from
those expressed in the forward-looking statements contained herein include the
impact of general economic conditions, industry conditions, governmental
regulation, environmental risks, competition from other industry participants,
stock market volatility, the ability to access sufficient capital from
internal and external sources and the risk of fluctuation and variation in
actual operating results, which variation may be material. A full description
of these risks and uncertainties can be found in BTB REIT's annual information
form dated January 16, 2008 which is available electronically at
www.sedar.com.

    The forward-looking statements contained herein are expressly qualified
    in their entirety by this cautionary statement. The forward-looking
    statements included herein are made as of the date hereof and BTB REIT
    does not undertake any obligation to publicly update such forward-looking
    statements to reflect new information, subsequent events or otherwise.

    The TSX Venture Exchange has in no way passed upon the merits of the
    transactions and has neither approved nor disapproved the contents of
    this press release. The TSX Venture Exchange does not accept
    responsibility for the adequacy or accuracy of this press release.




For further information:

For further information: BTB Real Estate Investment Trust: Mr. Michel
Leonard, President and Chief Executive Officer, (514) 866-1990 ext. 236;
Renmark Financial Communications Inc.: Maurice Dagenais:
mdagenais@renmarkfinancial.com; Victoria Stepanova:
vstepanova@renmarkfinancial.com; Medias - François Trépanier:
ftrepanier@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com


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