Canadian Apartment Properties Real Estate Investment Trust

Canadian Apartment Properties Real Estate Investment Trust

May 12, 2005 15:07 ET

CAP REIT Announces May 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - May 12, 2005) - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN)("CAP REIT") announced today its May 2005 monthly distribution in the amount of $0.09 per Unit. The May distribution will be payable on June 15, 2005 to Unitholders of record on May 31, 2005.

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.

CAP REIT (TSX:CAR.UN) is a growth-oriented investment trust owning interests in 24,132 residential suites, including apartments and townhouses located in most major urban centres across the country. CAP REIT is one of Canada's largest apartment property owners and has grown to become Canada's Landlord of Choice in its chosen markets. Since its Initial Public Offering in May 1997, CAP REIT has grown monthly distributions per Unit by 51%. For more information about CAP REIT, its business and its investment highlights, please refer to our web site at

Contact Information

    Mr. Michael Stein
    Executive Chairman
    (416) 861-5788
    Mr. Thomas Schwartz
    President & CEO
    (416) 861-9404
    Mr. Yazdi Bharucha
    CFO & Secretary
    (416) 861-5771