Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust

February 15, 2007 10:51 ET

Allied Properties Real Estate Investment Trust Announces February Distribution

TORONTO, ONTARIO--(CCNMatthews – Feb. 15, 2007) -

Attention Business/Financial Editors:

Allied Properties REIT (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.10167 per unit for the month of February, 2007, representing $1.22 per unit on an annualized basis. The distribution will be payable on March 15, 2007, to unitholders of record as at February 28, 2007. The REIT has 20,147,729 units issued and outstanding.

Allied Properties REIT is a leading owner and manager of Class I office properties in Canada, with portfolio assets in the urban areas of Montreal, Quebec City, Toronto and Winnipeg. 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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