Pure Industrial Real Estate Trust announces release of fiscal 2007 financial results and schedules conference call

    VANCOUVER, Feb. 28 /CNW/ - Pure Industrial Real Estate Trust ("PIRET")
(TSXV: AAR.UN) is pleased to announce the release of its financial results for
the period ending December 31, 2007.

    Q4 2007 Financial Results
    The 2007 financial results consist of PIRET's audited consolidated
financial statements for the quarter ended December 31, 2007 as well as the
Fiscal 2007 Financial results for the 191-day period ended December 31, 2007.
Please refer to PIRET's audited consolidated financial statements dated
February 28th 2008, and PIRET's MD&A dated January 31, 2008 or for additional
information please visit www.piret.ca or www.sedar.com.

    Conference Call
    Darren Latoski, Acting CEO, and Steve Evans, Acting CFO for PIRET, will
host a conference call at 5:30pm (EST), 2:30 pm (PST), on Wednesday, March
5th, 2008, to review the financial results and corporate developments for the
period ended December 31st, 2007.
    To participate in this conference call, please dial one of the following
numbers approximately 10 minutes prior to the commencement of the call, with
the Conference IDNo. 610685, followed by the No. key.

    Dial in numbers:          Vancouver                  604-899-1159
                              Calgary or International   403-232-6311
                              Edmonton                   780-424-5694
                              Toronto                    416-883-0139
                              Ottawa                     613-212-4230
                              Montreal                   514-395-2055

    Toll Free dial in number: from Canada and USA        1-888-458-1598

    Conference Call Replay:
    If you cannot participate on March 5th, a replay of the conference call
will be available by dialing one of the following replay numbers. You will be
able to dial in and listen to the conference 60 minutes after the meeting end
time, and the replay will be available until April 7th, 2008. Please enter the
Replay ID No. 610685, followed by the No. key.

    Replay Dial In Numbers  Toll Free from
     Canada or the USA                      1-877-653-0545
    Local Calgary or International.           403-232-0933

    Please enter the 6 digit Conference ID Number, 610685, followed by
    the No. key.

    PIRET's Units are listed on the TSX Venture Exchange under the symbol
AAR.UN. For more information on PIRET, visit our website at www.piret.ca.

    About Pure Industrial Real Estate Trust (PIRET)

    PIRET is an unincorporated, open-ended investment trust established for
the purposes of acquiring, owning and operating a diversified portfolio of
income-producing industrial properties in both primary and secondary markets
across Canada. PIRET focuses exclusively on investing in industrial properties
and is the only publicly traded vehicle in Canada that offers investors
exclusive exposure to Canada's industrial asset class.
    Additional information about PIRET is available at www.piret.ca or


For further information:

For further information: Darren Latoski, Acting Chief Executive Officer,
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,

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