Pure Industrial Real Estate Trust Schedules Q2 Financials Release and Conference Call

    VANCOUVER, Aug. 7 /CNW/ - PIRET announces that its unaudited financial
results for the Second Quarter ended June 30, 2009 will be released before
market hours on Monday August 17th, 2009. Darren Latoski, Acting CEO, and
Steve Evans, Acting CFO for PIRET, will host a conference call at 4:30pm
(EST), 1:30 pm (PST), on Monday, August 17th, 2009, to review the financial
results and corporate developments for the period ended July 31st, 2009.

    Conference Call

    To participate in this conference call, please dial one of the following
numbers approximately 10 minutes prior to the commencement of the call, and
ask to join the PIRET (pronounced "Pirate") conference call.

    Dial in numbers: Toll Free from Canada and USA ...........1-866-212-4491
    International or Local Toronto ...........................1-416-800-1066

    Conference Call Replay:

    If you cannot participate on August 17th, 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 August 23rd, 2009. Please enter
the Replay ID No. 8267907, followed by the No. key.

    Replay Dial In Toll Free from Canada or the USA. .........1-866-583-1035
    International .......................................011-44-208-196-1998

    PIRET is pleased to announce that its Board of Trustees has approved a
cash distribution of $0.025 per trust unit for the period from July 1, 2009 to
July 30, 2009 (equivalent to $0.30 per trust unit on an annualized basis).
This distribution will be paid on August 17, 2009 to unitholders of record at
the close of business on July 31, 2009.
    The policy of Pure Industrial Real Estate Trust is to pay cash
distributions on or about the 15th day of each month to the unitholders of
record on the last business day of the preceding month.
    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

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

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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