Canadian Apartment Properties Real Estate Investment Trust

Canadian Apartment Properties Real Estate Investment Trust

October 15, 2010 17:00 ET

CAPREIT Announces October 2010 Distribution

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2010) - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) ("CAPREIT") announced today its October 2010 monthly distribution in the amount of $0.09 per Unit. The October distribution will be payable on November 15, 2010 to Unitholders of record on October 29, 2010.

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.

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 27,228 residential suites and two manufactured home communities comprising 1,316 land lease sites located in or near major urban centres from coast to coast. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 51%. For more information about CAPREIT, its business and its investment highlights, please refer to our website at and our public disclosure which can be found under our profile at

Contact Information

    Mr. Michael Stein
    (416) 861-5788
    Mr. Thomas Schwartz
    President & CEO
    (416) 861-9404
    Mr. Richard Smith
    Chief Financial Officer
    (416) 861-5771