TORONTO, ONTARIO--(Marketwired - Aug. 23, 2017) - Allied Properties REIT (the "REIT") (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.1275 per unit for the month of August 2017, representing $1.53 per unit on an annualized basis. The distribution will be payable on September 15, 2017, to unitholders of record as at August 31, 2017.

Allied Properties REIT is a leading owner, manager and developer of distinctive urban workspace in Canada's major cities. Its objectives are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.

Contact Information:

Allied Properties Real Estate Investment Trust
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
memory@alliedreit.com

Allied Properties Real Estate Investment Trust
Cecilia C. Williams
Executive Vice President and Chief Financial Officer
(416) 977-9002
cwilliams@alliedreit.com