TORONTO, ONTARIO--(Marketwire - Aug. 11, 2011) - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN)("CAPREIT") announced today its August 2011 monthly distribution in the amount of $0.09 per Unit. The August distribution will be payable on September 15, 2011 to Unitholders of record on August 31, 2011.

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, CAPREIT is a growth-oriented investment trust owning interests in 30,821 residential units, comprised of 29,496 residential suites and two manufactured home communities comprising 1,325 land lease sites located in and near major urban centres across Canada. Since its Initial

Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 51%. For more information about CAPREIT, its business and its investment highlights, please refer to our website at and our public disclosure, which can be found under our profile at

Contact Information:

Mr. Michael Stein
(416) 861-5788

Mr. Thomas Schwartz
President & CEO
(416) 861-9404

Mr. Scott Cryer
Chief Financial Officer
(416) 861-5771