NEWS RELEASE January 23, 2013 NORTHERN PROPERTY ANNOUNCES TIMING OF FOURTH QUARTER EARNINGS REPORT

CALGARY, Alberta - January 23, 2013 - Northern Property Real Estate Investment Trust (NPR.UN) will release its fourth quarter earnings on March 13, 2013 to be followed by a conference call on March 14, 2013 at 11:00 a.m. Mountain Time, 1:00 p.m. Eastern Time. Participating on the call will be Mr. B. James Britton (Chair), Chief Executive Officer, Mr. Todd Cook, President and Chief Operating Officer, and Mr. Robert Palmer, Chief Financial Officer.
Investors and analysts are invited to participate in the call by calling 1-888-231-8191 or 647-427-
7450. You will be required to provide the Conference Call Operator with the Conference ID
#89560032 prior to being admitted to the call. A recorded playback of the call will be available from March 14, 2013 to March 21, 2013 by calling 416-849-0833 or 1-855-859-2056, passcode
#89560032. The recording will also be available on our website on March 15, 2013.

For additional information, please contact Mr. B. James Britton, Chief Executive Officer, or Mr. Todd Cook, President and Chief Operating Officer, or Mr. Robert Palmer, Chief Financial Officer, (403) 531-0720.

110, 6131 - 6 Street SE, Calgary, AB T2H 1L9