CAPREIT Chosen as One of Canada's Top-Fifty Best Employers

TORONTO, ONTARIO--(Marketwired - Nov. 7, 2013) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today that it has been selected as one of Canada's Top-Fifty Best Employers by AON Hewitt. Each year AON Hewitt surveys employees in companies across Canada to provide an in-depth view into employee and leader opinions, comprehensive external benchmarking, and the ability to identify the key priorities that will drive engagement and performance in Canadian organizations. The Best Employers Study is the only national workplace research of its kind.

As a leader in HR consulting, AON Hewitt's flagship study reflects more than 20 years of industry measurement and consultation and is part of a global study. For the 2013 awards 280 organizations across Canada and in every economic sector participated, with nearly 190,000 employees completing a survey representing 400,000 Canadian workers.

A full list of Canada's Top-Fifty Best Employers will be published in Macleans Magazine on November 18, 2013.

"We are extremely proud to have been selected as one of Canada's Top-Fifty Best Employers," stated Thomas Schwartz, President and CEO. "One of our most important goals is to have a team of fully engaged and satisfied employees, and this year the survey results show that our people are happy with their colleagues and their environment, and that they have a real sense of accomplishment in the work they do."

"At CAPREIT, our people are our most important asset, and it is their hard work and dedication that has led to our growth and record performance, year after year," Mr. Schwartz concluded.

About CAPREIT

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 39,242 residential units, comprising 35,372 residential suites and 18 manufactured home communities comprising 3,870 land lease sites located in and near major urban centres across Canada and in Dublin, Ireland. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.