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Press release from CNW Group

Morguard North American Residential REIT Declares March 2014 Distribution of 5 cents per Unit

Friday, March 14, 2014

Morguard North American Residential REIT Declares March 2014 Distribution of 5 cents per Unit

10:00 EDT Friday, March 14, 2014

MISSISSAUGA, ON, March 14, 2014 /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 March, 2014.  The distribution will be payable on April 15, 2014 to unitholders of record as at March 31, 2014.

About Morguard North American Residential REIT

The 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 communities, located in Alberta and Ontario, and 30 U.S. low-rise and mid-rise, garden-style apartment communities located in Alabama, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas consisting of 12,850 residential suites.

SOURCE Morguard North American Residential Real Estate Investment Trust

For further information:

Morguard North American Residential REIT

K. (Rai) Sahi
Chief Executive Officer
(905) 281-3800

Robert D. Wright
Chief Financial Officer
(905) 281-3800

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