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Press release from Marketwire

CAPREIT Announces May 2013 Distribution

Thursday, May 16, 2013

CAPREIT Announces May 2013 Distribution

17:00 EDT Thursday, May 16, 2013

TORONTO, ONTARIO--(Marketwired - May 16, 2013) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today its May 2013 monthly distribution in the amount of $0.09333333 per Unit. The May distribution will be payable on June 17, 2013 to Unitholders of record on May 31, 2013.

To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 37,884 residential units, comprised of 34,514 residential suites and 14 manufactured home communities comprising 3,370 land lease sites, located in and near major urban centres across Canada. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 56%.

For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
CAPREIT
Mr. Michael Stein
Chairman
(416) 861-5788


CAPREIT
Mr. Thomas Schwartz
President & CEO
(416) 861-9404


CAPREIT
Mr. Scott Cryer
Chief Financial Officer
(416) 861-5771
www.capreit.net

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