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Press release from Marketwire

Allied Properties Real Estate Investment Trust Announces December Distribution

Thursday, December 16, 2010

Allied Properties Real Estate Investment Trust Announces December Distribution12:03 EST Thursday, December 16, 2010TORONTO, ONTARIO--(Marketwire - Dec. 16, 2010) - Allied Properties REIT (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.11 per unit for the month of December, 2010, representing $1.32 per unit on an annualized basis. The distribution will be payable on January 17, 2011, to unitholders of record as at December 31, 2010. The REIT has 42,129,289 units issued and outstanding.Allied Properties REIT is a leading owner, manager and developer of urban office environments that enrich experience and enhance profitability for business tenants operating from Toronto, Montréal, Winnipeg, Québec City, Kitchener-Waterloo and Calgary. Its objectives are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.FOR FURTHER INFORMATION PLEASE CONTACT: Michael R. EmoryAllied Properties REITPresident and Chief Executive Officer(416) 977-9002memory@alliedpropertiesreit.com