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Press release from CNW Group

Morguard North American Residential REIT declares September 2012 distribution of 5 cents per unit

Friday, September 14, 2012

Morguard North American Residential REIT declares September 2012 distribution of 5 cents per unit13:21 EDT Friday, September 14, 2012MISSISSAUGA, ON, Sept. 14, 2012 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of 5 cents per unit for the month of September 2012.  The distribution will be payable on October 15, 2012 to unitholders of record as at September 28, 2012.About Morguard North American Residential REITThe REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 14 Canadian residential apartment buildings and six U.S. residential walk-up garden communities consisting of 6,376 residential suites that are located in Ontario, Alberta, Louisiana and Florida.SOURCE: Morguard North American Residential Real Estate Investment TrustFor further information: Morguard North American Residential REIT K. (Rai) Sahi Chief Executive Officer (905) 281-3800 Beverley G. Flynn General Counsel & Secretary (905) 281-3800