CAPREIT Chosen as One of Canada's Best Employers for a Fourth Consecutive Year

TORONTO, ONTARIO--(Marketwired - Nov. 10, 2016) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today that it has once again been selected as a Platinum Level Aon Best Employer in Canada. Aon reserves Platinum status for organizations who perform strongly on employee engagement, leadership, performance, culture and employment brand.

The list of the Aon Best Employers, along with editorial features in a package highlighting the research findings, will be published in Canadian Business magazine and will land on newsstands in the GTA today, November 10th, 2016.

"We are extremely proud to have been selected as one of Aon's Best Employers for a fourth consecutive year," stated Thomas Schwartz, President and CEO. "I am thrilled to once again be part of Aon's prestigious Platinum Level. As I've stated before, one of our most important goals is to have a team of fully engaged and satisfied employees. This year the survey results show that our people are most happy with our continuous focus on developing our leaders, demonstrated by our efforts to expand our leadership development programs. Employees also appreciate our practice of listening to their survey feedback, and responding by implementing new initiatives."

"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 48,190 residential units, comprising 41,747 residential suites and 31 manufactured home communities comprising 6,443 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.