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CAPREIT Announces Election of Trustees

TORONTO, ONTARIO -- (Marketwired) -- 05/27/14 -- Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) ("CAPREIT") announced today that, at its Annual and Special Meeting of Unitholders held today, all of the nominees for election as trustees of CAPREIT referred to in its management information circular dated April 4, 2014 were elected as trustees by a vote by show of hands. Had a ballot vote been undertaken, based solely upon the proxies received by CAPREIT, the voting results for the election of the trustees would have been as follows:


                             Votes     % Votes       Votes     % Votes
Nominee                        For         For    Withheld    Withheld
----------------------------------------------------------------------
Harold Burke            61,734,528      99.51%     303,255       0.49%
David Ehrlich           61,712,850      99.48%     324,933       0.52%
Paul Harris             61,726,881      99.50%     310,902       0.50%
Edwin F. Hawken         61,715,765      99.48%     322,018       0.52%
Thomas Schwartz         61,851,081      99.70%     186,701       0.30%
Michael Stein           60,559,377      97.62%   1,478,405       2.38%
Stanley Swartzman       57,598,244      92.84%   4,439,539       7.16%
Elaine Todres           60,648,011      97.76%   1,389,772       2.24%
----------------------------------------------------------------------

About CAPREIT

As one of Canada's largest residential landlords, CAPREIT is a growth -oriented investment trust owning interests in 41,215 residential units, comprised of 35,034 residential suites and 29 manufactured home communities comprising 6,181 land lease sites located in and near major urban centres across Canada. 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.

Contacts:
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

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