BTB Real Estate Investment Trust announces the closing of an acquisition of a commercial and office property for $1.8M



    MONTREAL, Jan. 18 /CNW Telbec/ - The trustees of BTB Real Estate
Investment Trust (TSX-V: BTB.UN) ("BTB") are proud to announce that, after the
conclusion of the due diligence process, it has now closed the acquisition of
a commercial and office property located in Montreal, province of Quebec for a
purchase price of approximately 1.8M. With the conclusion of this acquisition,
BTB has now closed over $183.5M worth of properties which is equivalent to
over 1.875M square feet of leasable area. BTB has previously announced
conditional agreements to acquire other commercial real estate properties.
Upon closing of those acquisitions, BTB's portfolio will be worth in excess of
$316.7M.

    2153-2155 Crescent Street, Montréal, Québec

    This renovated four-storey greystone building sits in close proximity to
the financial core of downtown Montreal, on one of its most coveted streets
that is home to several well-known restaurants and boutiques. The building is
a few streets away from an important Montreal university and is also a few
steps away from a museum. BTB will relocate its head office in this property.
    This acquisition is consistent with management's strategy of acquiring
properties which are geographically well-located and have the potential to
increase revenues as stated by Mr. Michel Léonard, President and Chief
Executive Officer of BTB.
    As part of this transaction, compensation will be paid to AMTB Management
Inc. (a corporation controlled by Mr. Léonard), which provides the services of
Messrs. Michel Léonard and Peter Polatos to BTB. Messrs. Léonard and Polatos
are trustees of BTB. They have disclosed their interest in the transaction and
did not vote on the resolution of the trustees approving it. Its review and
approval was made in the context of an accepted and generally used procedure
in similar circumstances.

    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 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's annual Management
Discussion and Analysis dated April 27, 2007 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 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: Mr. Michel Léonard, President and Chief
Executive Officer, (514) 866-1990 ext. 236; Renmark Financial Communications
Inc.: Maurice Dagenais: mdagenais@renmarkfinancial.com; Victoria Stepanova:
vstepanova@renmarkfinancial.com; Media - François Trépanier:
ftrepanier@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com


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