VANCOUVER, Nov. 12 /PRNewswire-FirstCall/ - Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) was ranked # 34 in BC's 50 Fastest-Growing publicly traded companies, a report from the Vancouver Sun listing British Columbia's top publicly traded companies.

In creating the ranking system, Business BC, the Vancouver Sun newspaper's business section, partnered with Ernst & Young LLP to look at a number of factors based on formulas developed by professor James Brander at the Sauder School of Business at the University of B.C. The Fastest list focuses on how factors like revenue growth, employee numbers, unit price performance and earnings per share have grown over time.

"We are honoured to receive this recognition from Business BC. Pure Industrial Real Estate Trust is the only real estate company featured in the Top 50 Fastest companies ranking. This is Pure Industrial's first time on the Fastest Growing list, and we attribute our inclusion on the strong and steady performance of our trust units through a very volatile twelve month period on the TSX venture exchange, as well as the strong quality of our portfolio of industrial real estate assets, which traditionally has been a stable and defensive asset class."

"Pure Industrial would like to thank our board of Trustees for their continued effort and commitment, and our unitholders for their continued support," said Darren Latoski, Pure Industrial's Acting CEO.

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.sedar.com.

    "NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
    THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

SOURCE Pure Industrial Real Estate Trust (PIRET)