TORONTO, ONTARIO -- 10/17/07 --
Canadian Apartment Properties Real Estate Investment Trust ("CAP REIT")(TSX: CAR.UN) announced today its October 2007 monthly distribution in the amount of $0.09 per Unit. The October distribution will be payable on November 15, 2007 to Unitholders of record on October 31, 2007.
To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.
As one of Canada's largest residential landlords, CAP REIT (TSX: CAR.UN) is a growth-oriented investment trust owning interests in 27,853 residential suites located in major urban centres from coast to coast and two land lease adult lifestyle communities comprising 1,233 sites located in Ontario. Since its Initial Public Offering in May 1997, CAP REIT has grown monthly cash distributions per Unit by 51%. For more information about CAP REIT, its business and its investment highlights, please refer to our web site at www.capreit.net.
Contacts:
CAP REIT
Mr. Michael Stein
Chairman
(416) 861-5788
CAP REIT
Mr. Thomas Schwartz
President & CEO
(416) 861-9404
CAP REIT
Mr. Yazdi Bharucha
CFO & Secretary
(416) 861-5771
