Northern Property Real Estate Investment Trust Announces OCTOBER 2007 distribution



    CALGARY, Oct. 15 /CNW/ - Northern Property Real Estate Investment Trust
("NPREIT") (NPR.UN - TSX) announced its October 2007 monthly distribution in
the amount of $0.115 cents per unit, payable on November 15, 2007 to
unitholders of record at October 31, 2007.





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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