CALGARY, March 28 /CNW/ - Northern Property Real Estate Investment Trust (NPR.UN) announces that it has acquired the buildings and lands associated with five seniors long term care facilities in Alberta and a sixth in British Columbia for $142.9 million. Mezzanine financing is being provided for an additional facility valued at $45.3 million. Participating on the call will be Mr. B. James Britton (Chair), President & C.E.O. and Dr. Kabir Jivraj, Chairman of AgeCare Investments Ltd. Investors and analysts are invited to participate in the call by calling 416-644-3432 or 1-866-249-2165. You will be required to provide the Conference Call Operator with two pieces of information prior to being admitted to the call. You will be asked for the Reservation No. 21183428 and the Chairperson: Mr. B. James Britton. The call will be recorded and the recording made available on our website on April 5, 2006.