MONTREAL, Nov. 7, 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 an industrial property near London,
Ontario, for the purchase price of $10,282,250, excluding closing
costs. With the conclusion of this acquisition, BTB now owns properties
valued at more than $420 million, representing over 3.9 million square
feet of leasable area.

311 Ingersoll, Ingersoll, Ontario

This industrial property has a leasable area of 200,000 square feet. It
is situated at the crossroads of Ingersoll Street and Highway 401, one
of Canada’s busiest highways and opposite the CAMI Automotive plant
(General Motors). It is located 10 minutes away from London, Ontario.
The building is fully-leased to Hercules Tire Company of Canada, Inc.,
one of the world’s leader in tire manufacturing and major purchaser of
balance of stock liquidation from major tire manufacturers.

As part of this acquisition, BTB assumed a $6.6 million mortgage balance
at an interest rate of 6.14%.

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.

BTB offers a distribution reinvestment plan to unitholders whereby the
participants may elect to have their monthly cash distribution
reinvested in additional units of BTB.

SOURCE BTB REAL ESTATE INVESTMENT TRUST