BTB Real Estate Investment Trust announces the closing of the acquisition of one property for $5.5 M

    MONTREAL, Sept. 5 /CNW Telbec/ - The trustees of BTB Real Estate
Investment Trust (TSX-V: BTB.UN) ("BTB") are proud to announce that, after the
conclusion of the due diligence process, it has now closed the acquisition of
an office property in the City of St-Bruno, Province of Quebec for a total
cost of $5.5 M, excluding closing costs. With the conclusion of this
acquisition, BTB has now closed over $231 M worth of properties representing
over 2.250 M square feet of leasable area. BTB management estimates that this
transaction will generate an accretive cash flow of 0.5cents per outstanding

    1400 Marie-Victorin Street, St-Bruno, Quebec

    This 50,413 square foot office building is fully-leased and boasts a
large parking lot. Strategically located at the intersection of Route 116 and
Highway 30 on the South Shore of Montreal, the building sits in close
proximity to the Promenades St-Bruno and St-Hubert Airport. The property
currently generates a steady flow of income and is leased by prime tenants
such as a governmental public works agency, an office supply retailer, a
well-known laboratory and a cosmetic company.
    As part of this transaction, BTB secured a first ranking mortgage loan in
the amount of $3.675 M for a term of 3 years, bearing interest at an annual
rate of 5.70%, with the Royal Bank of Canada.
    As part of this transaction, compensation will be paid to AMTB
Management Inc., which provides the services of Messrs. Michel Léonard and
Peter Polatos to BTB as officers of the Trust. Messrs. Léonard and Polatos are
trustees of BTB and directors and shareholders of AMTB Management Inc. They
have disclosed their interest in the transaction and did not vote on the
resolution of the trustees approving it. Its review and approval were made in
the context of an accepted and generally used procedure in similar

    Forward Looking Statements

    This press release contains forward looking statements. Forward-looking
statements are subject to risks, uncertainties and assumptions. Although the
trustees of BTB believe that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct. Some of the factors and risks which
could affect future results and could cause results to differ materially from
those expressed in the forward-looking statements contained herein include the
impact of general economic conditions, industry conditions, governmental
regulation, environmental risks, competition from other industry participants,
stock market volatility, the ability to access sufficient capital from
internal and external sources and the risk of fluctuation and variation in
actual operating results, which variation may be material. A full description
of these risks and uncertainties can be found in BTB's Short Form Prospectus
dated March 13, 2008 and Annual Information Form dated April 28, 2008 which
are available electronically at
    The forward-looking statements contained herein are expressly qualified
in their entirety by this cautionary statement. The forward-looking statements
included herein are made as of the date hereof and BTB does not undertake any
obligation to publicly update such forward-looking statements to reflect new
information, subsequent events or otherwise.

    The TSX Venture Exchange has in no way passed upon the merits of the
    transactions and has neither approved nor disapproved the contents of
    this press release. The TSX Venture Exchange does not accept
    responsibility for the adequacy or accuracy of this press release.

For further information:

For further information: Mr. Michel Léonard, President and Chief
Executive Officer, (514) 286-0188

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