Allied Properties Real Estate Investment Trust
TSX : AP.UN

Allied Properties Real Estate Investment Trust

August 17, 2007 13:20 ET

Allied Properties Real Estate Investment Trust Announces August Distribution

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2007) - Allied Properties REIT (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.105 per unit for the month of August, 2007, representing $1.26 per unit on an annualized basis. The distribution will be payable on September 17, 2007, to unitholders of record as at August 31, 2007.

As previously announced, the REIT has temporarily suspended the issuance of units under its Distribution Reinvestment Plan ("DRIP"). The REIT expects to resume the issuance of units under the DRIP no later than January of 2008.

Allied Properties REIT is the leading provider of Class I office space in Canada, with portfolio assets in the urban areas of Toronto, Montreal, Winnipeg and Quebec City. The objectives of the REIT are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.

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