VICTORIA, BRITISH COLUMBIA--(Marketwire - April 25, 2011) - Partners Real Estate Investment Trust (Partners REIT) (TSX VENTURE:PAR.UN) announced today that it would be acquiring the majority of the retail units of the Centuria Urban Village, a food and drug store anchored high-rise mixed use retail and residential property located in Kelowna, British Columbia. The development of the property was completed in 2009.