Northern Property Real Estate Investment Trust Announces January 2009 distribution



    CALGARY, Jan. 15 /CNW/ - Northern Property Real Estate Investment Trust
("NPREIT") (NPR.UN - TSX) announced its January 2009 monthly distribution in
the amount of $0.1233 per unit, payable on February 16, 2009 to unitholders of
record at January 30, 2009.
    As at the date hereof, there are 22,763,010 Trust Units and 2,278,635
Class B exchangeable limited partnership units of NPR.UN issued and
outstanding.





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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