TMX group

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.