May 29 (Reuters) - Partners Real Estate Investment Trust PAR_u.TO :
* PARTNERS REIT INITIATES STRATEGIC REVIEW
* PARTNERS REIT - INITIATED PROCESS TO EXPLORE, EVALUATE STRATEGIC ALTERNATIVES AVAILABLE TO REIT, WHICH MAY INCLUDE, BUT IS NOT LIMITED TO SALE OF REIT ITSELF
* PARTNERS REIT - STRATEGIC ALTERNATIVES MAY INCLUDE BUSINESS COMBINATION WITH ANOTHER PARTY