Northview Apartment REIT Announces Resignation of Chief Financial Officer

CALGARY, ALBERTA--(Marketwired - Feb. 17, 2016) - Northview Apartment Real Estate Investment Trust ("Northview") (TSX:NVU.UN) today announced the resignation of Robert Palmer, Chief Financial Officer, effective March 9, 2016 following the release of 2015 year end results, to accept a position at another company. Northview has commenced a search for Mr. Palmer's replacement. In the interim, Northview's internal accounting team will be overseen by Todd Cook, President and Chief Executive Officer and Leslie Veiner, Chief Operating Officer, both of whom have served as Chief Financial Officers for publicly listed companies in their careers.

"On behalf of the Board of Trustees, I thank Rob for his valuable contribution to Northview during his three years with the REIT, including his significant efforts in ensuring the successful closing of our transformative acquisitions in 2015. We wish him the very best in his new opportunity," said Todd Cook, President and Chief Executive Officer.

About Northview

Northview is Canada's third largest publicly traded multi-family REIT with a portfolio of more than 24,000 quality residential suites in more than 60 markets across eight provinces and two territories. Northview's portfolio spans markets characterized by expanding populations, growing economies, high occupancy levels, and rising rents, which provides Northview the means to deliver stable and growing profitability and cash distributions over time. Northview currently trades on the TSX under the ticker symbol: NVU.UN. Additional information concerning Northview is available at www.sedar.com or www.northviewreit.com.