AAR.UN Pure Industrial Real Estate Trust

VANCOUVER, July 7, 2011 /CNW/ -- VANCOUVER, July 7, 2011 /CNW/ - Pure Industrial Real Estate Trust ("PIRET" or the "REIT") (TSXV: AAR.UN) announced today that it has entered into employment agreements, effective June 1, 2011, with the following executive officers:  Darren Latoski and Stephen Evans as Co-Chief Executive Officers; Scott Hayes as Chief Operating Officer and Francis Tam as Chief Financial Officer.  PIRET's entry into these employment agreements is further to its internalization of management, which was announced on June 15, 2011 and is effective June 1, 2011. Prior to the internalization, Sunstone Industrial Advisors Inc. ("Sunstone Industrial") provided PIRET with advisory, asset management and administrative services pursuant to an Asset Management Agreement entered into in July, 2007 upon the establishment of the REIT.  Each of PIRET's new officers were employed by Sunstone Industrial and have extensive knowledge of PIRET's business and affairs. "With the completion of these employment agreements, we are formalizing the Trust's relationship with its senior personnel and have ensured an orderly transition of management through our internalization process." commented Darren Latoski, Co-CEO for PIRET. PIRET's units are listed on the TSX Venture Exchange under the symbol AAR.UN. For more information on PIRET, visit our website at www.piret.ca. About Pure Industrial Real Estate Trust (PIRET) PIRET is an unincorporated, open-ended investment trust established for the purposes of acquiring, owning and operating a diversified portfolio of income-producing industrial properties in primary markets across Canada.  PIRET focuses exclusively on investing in industrial properties and is the only publicly traded vehicle in Canada that offers investors exclusive exposure to Canada's industrial asset class. Additional information about PIRET is available at www.piret.ca or www.sedar.com. TSX Venture Exchange - AAR.UN THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDE (AS TAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/07/c3959.html p Andrew Greig,br/ Director of Investor Relationsbr/ br/ bPure Industrial  Real Estate Trust (PIRET)/bbr/ Suite 910, 925 West Georgia Streetbr/ Vancouver, BC  V6C 3L2br/ Phone: (604) 681-5959 or (888) 681-5959br/ E-mail: a href="mailto:agreig@piret.ca"agreig@piret.ca/abr/ a href="http://www.piret.ca/"www.piret.ca/a /p

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