Attention Business/Financial Editors:

Pure Industrial Real Estate Trust announces August distribution

    VANCOUVER, Aug. 20 /CNW/ - 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 August 1,
2008 to August 29, 2008 (equivalent to $0.30 per trust unit on an annualized
basis). This distribution will be paid on September 15, 2008 to unitholders of
record at the close of business on August 29, 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.

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    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.

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