Partners Real Estate Investment Trust announced the appointments of Ron McCowan as interim-Chief Executive Officer and President and Derrick W. West as Chief Financial Officer effective immediately. Both appointments have been made pursuant to the REIT's management agreement which will be terminated on February 15, 2014 in connection with the previously announced proposed internalization of the REIT's management. Mr. McCowan and Mr. West will continue in these capacities on completion of the internalization process and more details regarding the REIT's internalization are expected to be announced on or about February 14, 2014.

Mr. West most recently served as the Chief Financial Officer of an international mining services corporation with operations in Canada, Russia, Mongolia, and Mexico.