Northern Property Real Estate Investment Trust Announces JANUARY 2008 Distribution



    CALGARY, Jan. 15 /CNW/ - Northern Property Real Estate Investment Trust
("NPREIT") (NPR.UN - TSX) announced its January 2008 monthly distribution in
the amount of $0.1233 cents per unit, payable on February 15, 2008 to
unitholders of record at January 31, 2008.





For further information:

For further information: Mr. Todd R. Cook, Chief Financial Officer,
(403) 531-0720

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Northern Property Real Estate Investment Trust

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