CAPREIT Chosen as One of Canada's Top-Fifty Best Employers for A Second Consecutive Year

TORONTO, ONTARIO--(Marketwired - Nov. 13, 2014) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today that it has been selected as one of Canada's Top-Fifty Best Employers by AON Hewitt. Each year AON Hewitt surveys employees in companies across Canada to provide an in-depth view into employee and leader opinions, comprehensive external benchmarking, and the ability to identify the key priorities that will drive engagement and performance in Canadian organizations. The Best Employers Study is the only national workplace research of its kind.

As a leader in HR consulting, AON Hewitt's flagship study reflects more than 20 years of industry measurement and consultation and is part of a global study. For the 2014 awards 259 organizations across Canada and in every economic sector participated.

A full list of Canada's Top-Fifty Best Employers was published in MacLean's Magazine on November 7, 2014.

"We are extremely proud to have been selected as one of Canada's Top-Fifty Best Employers for a second consecutive year," stated Thomas Schwartz, President and CEO. "I am thrilled that we have moved up to number 15 in the rankings, a jump of 28 spots from last year. One of our most important goals is to have a team of fully engaged and satisfied employees, and this year the survey results show that our people are happy with the recent increase to our employee unit share program, the introduction of a company-sponsored children's breakfast program, and our leadership development initiatives."

"At CAPREIT, our people are our most important asset. It is because of them that we are able to continue to strive for excellence and be the best in our industry." Mr. Schwartz concluded.

About CAPREIT

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 41,555 residential units, comprising 35,373 residential suites and 29 manufactured home communities comprising 6,182 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.

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.