Pure Industrial Real Estate Trust Announces Appointment of New Vice President of Property Management & Leasing

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

VANCOUVER, June 24, 2013 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSX: AAR.UN) announces that Allan Saito has joined the organization as Vice President of Property Management & Leasing.  Allan will be responsible for all property management and leasing activities nationally.

Allan brings with him almost 20 years of experience in real estate, most recently as Vice President with Build Toronto, and before that with GE Capital Real Estate and Dundee Realty Management, where he held increasingly senior roles.

Kevan Gorrie, President of PIRET, commented on the appointment, "We are extremely pleased to welcome someone of Allan's calibre and reputation to PIRET.  This is a critical role for our organization, and Allan's experience and accomplishments in leasing, management and development fit perfectly with our objective of building a leading national platform for industrial real estate acquisition and management."

Allan will be located in PIRET's Toronto office.

About Pure Industrial Real Estate Trust (PIRET)

PIRET is an unincorporated, open-ended investment trust that acquires, owns and operates a diversified portfolio of income-producing industrial properties in primary markets across Canada.  PIRET focuses exclusively on investing in industrial properties and is the largest internally managed publicly traded REIT in Canada that offers investors exclusive exposure to Canada's industrial asset class.

Additional information about PIRET is available at www.piret.ca or www.sedar.com.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED NOR APPROVED THE CONTENTS OF THIS PRESS RELEASE AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

SOURCE: Pure Industrial Real Estate Trust (PIRET)

For further information:

Andrew Greig,
Director of Investor Relations

Pure Industrial Real Estate Trust (PIRET)
Suite 910, 925 West Georgia Street
Vancouver, BC  V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
E-mail: agreig@piret.ca
www.piret.ca

TSX - AAR.UN


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