Killam Apartment REIT Announces Voting Results from 2016 Annual Meeting

HALIFAX, NOVA SCOTIA--(Marketwired - May 12, 2016) - Killam Apartment REIT (TSX:KMP.UN) ("Killam") today announced the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held in Halifax on May 11, 2016. The voting results of each of the matters considered at the Meeting are presented below.

1. Election of Trustees
   All candidates in the Management Proxy Circular dated April 1, 2016, were elected as trustees. The voting results of the trustees are as follows:

Candidate	Votes For	% For		Votes Withheld	% Withheld
Timothy R. Banks	28,604,258	74.84	%	9,613,741	25.16	%
Philip D. Fraser	36,196,538	94.71	%	2,021,461	5.29	%
Robert G. Kay	37,661,029	98.54	%	556,970	1.46	%
James C. Lawley	28,468,909	74.49	%	9,749,090	25.51	%
Arthur G. Lloyd	37,635,831	98.48	%	582,168	1.52	%
Karine L. MacIndoe	37,735,765	98.74	%	482,234	1.26	%
Robert G. Richardson	30,413,441	79.58	%	7,804,558	20.42	%
Manfred J. Walt	36,911,678	96.58	%	1,306,231	3.42	%
G. Wayne Watson	37,550,312	98.25	%	667,687	1.75	%

1. Appointment of Auditors
   Ernst & Young LLP was reappointed as the auditors of Killam, to hold office until the next annual meeting of unitholders at remuneration to be fixed by the board of trustees. The voting results for the reappointment of the auditors are as follows:

Votes For	% For		Votes Withheld	% Withheld
37,590,794	98.36	%	627,205	1.64	%

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating and developing multi‐family apartments and manufactured home communities. Killam's current portfolio includes $1.85 billion in real estate assets. Killam's strategy to maximize its value and long‐term profitability includes concentrating on three key areas of growth: 1) increasing the earnings from its existing portfolio, 2) expanding its portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high‐quality properties in its core markets.

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.