Pure Industrial Real Estate Trust Announces July Distribution

VANCOUVER, July 22 /PRNewswire-FirstCall/ - Pure Industrial Real Estate Trust
("PIRET") (TSXV: AAR.UN) is pleased to announce that its Board of Trustees has
approved a cash distribution of $0.025 per trust unit for the period from
July 1, 2008 to July 31, 2008 (equivalent to $0.30 per trust unit on an
annualized basis). This distribution will be paid on August 15, 2008 to
unitholders of record at the close of business on July 31, 2008.
The policy of Pure Industrial Real Estate Trust is to pay cash distributions
on or about the 15th day of each month to the unitholders of record on the
last business day of the preceding month.
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)
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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 both primary and secondary 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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

SOURCE Pure Industrial Real Estate Trust (PIRET)

Darren Latoski, Acting Chief Executive Officer; Andrew Greig, Director of
Investor Relations; Pure Industrial Real Estate Trust (PIRET), Suite 910, 925
West Georgia Street, Vancouver, BC, V6C 3L2, Phone: (604) 681-5959, or (888)
681-5959, E-mail: agreig@piret.ca, www.piret.ca