MONTREAL, Sept. 24, 2012 /CNW Telbec/ – BTB Real Estate Investment Trust
(TSX: BTB.UN) (”BTB”) is pleased to announce that it purchased a 50% interest in a newly
constructed building known as Phase 2 of Complexe Lebourgneuf, located
at 815 Lebourgneuf Boulevard in Quebec City.

BTB already owned 25% of this 5 storey office building and acquired this
additional 50% interest portion from Urban Intensification Fund LP.
BTB now owns 75% of this building.

About BTB

BTB is a real estate investment trust and its objective is to provide
unitholders with stable cash distributions from investments in a
quality portfolio of office, industrial, commercial and retail
properties predominantly located in the province of Qu bec. BTB is led
by an experienced management team with in-depth experience in the real
estate industry and a Board of Trustees focused on governance and sound
business practices.

SOURCE BTB REAL ESTATE INVESTMENT TRUST