CAPREIT Concludes U.S. Property Management Agreements

TORONTO, ONTARIO–(Marketwired – Jan. 31, 2014) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that its third party external management agreements for the performance of certain asset and property management services will conclude effective January 31, 2014. The sixteen manufactured home communities in Colorado, Texas, Arizona, and Michigan which were managed by CAPREIT for a third party real estate owner have been sold. The agreements were entered into on December 5, 2012.