CAPREIT Announces New Senior Management Appointment

TORONTO, ONTARIO--(Marketwired - June 16, 2015) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today that Mr. Roberto Israel has been appointed the REIT's Chief Information Officer effective June 17, 2015. Mr. Israel brings more than 18 years of Information Technology ("IT") experience to CAPREIT. He was formerly Managing Director at PricewaterhouseCoopers ("PwC") LLC where he was the National Forensic Technology Services practice leader and also directed PwC's technology real estate consulting practice. Prior to joining PwC, Mr. Israel held a variety of consulting, project management and IT systems roles with several leading companies including Deloitte, CIBC, Manulife Financial and IBM Global Services.

Mr. Israel holds a Masters of Business Administration specialized in Strategic Management and Management Information Systems from York University's Schulich School of Business and a Bachelor of Science in Computer Science from the University of Western Ontario. He is also a Certified Fraud Examiner, certified in Information Technology Infrastructure Library (ITIL), and holds a Project Management Professional (PMP) designation from the Project Management Institute.

"We are very pleased to welcome Roberto Israel to our senior management team," commented Thomas Schwartz, President and CEO. "Roberto brings significant real estate IT experience and expertise to the REIT and will ensure we realize the full benefits and efficiencies of our state-of-the-art technology platform."

ABOUT CAPREIT

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 41,869 residential units, comprising 35,584 residential suites and 30 manufactured home communities comprising 6,285 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.caprent.com or www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

All statements in this press release that do not relate to historical facts constitute forward-looking statements. These statements represent CAPREIT's intentions, plans, expectations and beliefs and are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR at www.sedar.com.