An unknown buyer entered into an agreement to acquire 11 Quebec retail properties from Partners Real Estate Investment Trust (TSX:PAR.UN) for CAD 63 million on January 2, 2019. The sale is subject to completion of satisfactory due diligence by the purchaser, satisfaction of any applicable Competition Act (Canada) requirements, receipt of certain lender approvals, waiver of all conditions and subject to certain customary closing conditions. As of Mach 11, 2019, buyer has waived due diligence condition. The transaction is expected to close early in the second quarter of 2019. As of Mach 11, 2019, the transaction is expected to close in late April, 2019. BMO Capital Markets Real Estate Inc. acted as real estate broker to Partners Real Estate Investment. Jonathan R. Grant, Ryan Hornby, Annie Gagnon-Larocque and Marie-Josée Marcoux of McCarthy Tétrault LLP acted as Legal advisors to Partners Real Estate Investment.