An anonymous director reports

BTB REIT ANNOUNCES THE SALE OF TWO OFFICE PROPERTIES LOCATED IN LONGUEUIL, QUEBEC, A SUBURB OF MONTREAL

BTB Real Estate Investment Trust has sold two office properties located at 32 and 50 Saint-Charles St. West, in Longueuil, Que.

These two buildings of 14,054 and 19,568 square feet were acquired in May, 2007. Further to the strategic review of BTB's portfolio, these properties were identified as potential dispositions since that they no longer meet the REIT's investment criteria. BTB therefore disposed of these buildings for a total consideration of $6.2-million, excluding transaction costs. The net proceeds of disposal will be reinvested in acquisitions of industrial properties.

About BTB Real Estate Investment Trust

BTB invests in industrial, off-downtown-core office and necessity-based retail properties across Canada for the benefit of its investors. As of today, BTB owns and manages 75 properties, representing a total leasable area of approximately 6.1 million square feet.