TORONTO, ONTARIO–(Marketwired – May 24, 2017) – Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that, at its Annual and Special Meeting of Unitholders held today, all of the nominees for election as trustees of CAPREIT referred to in its management information circular dated March 31, 2017 were elected as trustees by a vote by show of hands. Had a ballot vote been undertaken, based solely upon the proxies received by CAPREIT, the voting results for the election of the trustees would have been as follows:
| Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld |
| Harold Burke | 70,274,256 | 99.74% | 182,783 | 0.26% |
| Gina Cody | 70,335,053 | 99.83% | 121,986 | 0.17% |
| David Ehrlich | 67,098,066 | 95.23% | 3,358,973 | 4.77% |
| Paul Harris | 67,077,734 | 95.20% | 3,379,305 | 4.80% |
| Thomas Schwartz | 67,681,318 | 96.06% | 2,775,721 | 3.94% |
| David Sloan | 70,293,719 | 99.77% | 163,320 | 0.23% |
| Michael Stein | 65,871,823 | 93.49% | 4,585,216 | 6.51% |
| Stanley Swartzman | 63,323,493 | 94.13% | 4,133,546 | 5.87% |
| Elaine Todres | 70,341,026 | 99.84% | 116,013 | 0.16% |
About CAPREIT
As one of Canada’s largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 49,029 residential units, comprised of 42,578 residential suites and 31 manufactured home communities comprising 6,451 land lease sites located in and near major urban centres across Canada and The Netherlands. 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.
Mr. Michael Stein
Chairman
(416) 861-5788
CAPREIT
Mr. Thomas Schwartz
President & CEO
(416) 861-9404
CAPREIT
Mr. Scott Cryer
Chief Financial Officer
(416) 861-5771