VICTORIA, BRITISH COLUMBIA--(Marketwired - Dec. 29, 2013) - Partners REIT (TSX:PAR.UN) (the "REIT" or "Partners REIT") is pleased to announce the closing of the proposed acquisition by McCowan and Associates Ltd. ("McCowan") of the rights and duties of League Asset Corp. and certain related entities ("League") under the REIT's existing management agreement (the "Transaction"). The Transaction was previously announced on December 15, 2013.