CAPREIT Announces Its 2011 FRPO MAC Award Winners

TORONTO, ONTARIO--(Marketwire - Dec. 2, 2011) - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) ("CAPREIT") - Last night, Ontario's landlord association, The Federation of Rental-housing Providers of Ontario ("FRPO"), announced the winners of the 2011 FRPO MAC (Marketing, Achievement and Construction) Awards. CAPREIT was generously recognized for its achievements in the industry as judged against its peers.

CAPREIT and their employees were award winners in the following categories:

Advertising Excellence Corporate Branding - Winner

Environmental Excellence - Nomination Finalist

Corporate Property Management Website - Nomination Finalist

Leasing Professional of the Year - Nomination Finalist, Teuta Toja

Property Manager of the Year - Nomination Finalist, Carmen Perez

Thomas Schwartz, President and CEO of CAPREIT stated, "We continue to strive for high standards of excellence. We are proud of these accomplishments and especially our employees that were recognized by FRPO."

ABOUT CAPREIT

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 30,829 residential units, comprised of 29,496 residential suites and two manufactured home communities comprising 1,333 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.