MONTREAL, Nov. 2, 2012 /CNW Telbec/ – BTB Real Estate Investment Trust
(TSX: BTB.UN) (“BTB”) is pleased to announce that, after the conclusion of the due diligence
process, it has purchased a 50% interest in two commercial and office
buildings located in Gatineau, Qu bec, for a total purchase price of
$ 6,050,000 excluding closing costs. With the conclusion of these
acquisitions, BTB now owns over $ 407 million of properties,
representing over 3.7 million square feet of leasable area.

Purchase of a 50% interest in two buildings situated at 7 and 9
Montclair in Gatineau, Qu bec

Situated near Casino Lac-Leamay, in the City of Gatineau, BTB acquired a
50% interest in two commercial and office buildings that have a total
leasable area of 74,425 square feet. The buildings are fully-leased to
various tenants including the Federal Government, a retail location of
L’Aubainerie chain, and a restaurant part of Houston Steakhouse chain.

To close on this purchase BTB secured a 5-year term financing at an
interest rate of 3.18%, for a capital amount of $ 4,235,000 (BTB’s
share).

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