Northview Apartment REIT Opens Cobble Hill, Newest Rental Community in Airdrie, Alberta

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2016) - Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) ("Northview") officially opened Cobble Hill, their newest rental community, on Friday, January 29. Cobble Hill is located in Airdrie, Alberta, just north of Calgary and is Northview's first major entry into the Calgary and area market.

"At Northview, we're passionate about providing our residents with an exceptional place to call home and are very excited to be part of the Airdrie Community," said Todd Cook, President and Chief Executive Officer of Northview.

Cobble Hill features two buildings totaling 140 suites with underground parking and air conditioning. Amenities also include 9-foot ceilings, quartz countertops, in-suite laundry, gym facilities, flex-rooms and a dog washing station. The first building has already begun welcoming residents, with the second building set to open in March.

"We are pleased with the positive response to Cobble Hill from both the community and our new residents," said Mr. Cook. "Our development and operations teams have done a great job working together in designing and delivering high quality rental units for our residents in Airdrie."

For more information on Cobble Hill, visit www.CobbleHillAirdrie.ca.

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.