Northern Property Real Estate Investment Trust announces MARCH 2007 distribution



    CALGARY, March 15 /CNW/ - Northern Property Real Estate Investment Trust
("NPREIT") (NPR.UN - TSX) announced its March 2007 monthly distribution in the
amount of $0.115 cents per unit, payable on April 16, 2007 to unit holders of
record at March 30, 2007.





For further information:

For further information: Ms. Debra Boyle, Chief Financial Officer, (403)
531-0720

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Northern Property Real Estate Investment Trust

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