CALGARY, ALBERTA--(Marketwire - Feb. 15, 2011) - Northern Property Real Estate Investment Trust ("NPREIT") (TSX:NPR.UN) announced its February 2011 monthly distribution in the amount of $0.1275 per unit, payable on March 15, 2011 to unitholders of record at February 28, 2011.

As at the date hereof, there are 27,475,297 Trust Units NPR.UN issued and outstanding.

Contact Information: Northern Property Real Estate Investment Trust
Mr. Todd R. Cook
Executive Vice President
(403) 531-0720