Subject: ANNUAL MEETINGS
CAPREIT Announces Election of Trustees
TORONTO, June 06, 2018 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) ("CAPREIT") announced today that, at its Annual Meeting of Unitholders held today, all of the nominees for election as trustees of CAPREIT referred to in its management information circular dated April 11, 2018 were elected as trustees by a vote by show of hands. Had a ballot vote been undertaken, based solely upon the proxies received by CAPREIT, the voting results for the election of the trustees would have been as follows:
| Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld |
| Harold Burke | 81,830,059 | 98.69% | 1,086,625 | 1.31% |
| Gina Cody | 82,504,671 | 99.50% | 412,013 | 0.50% |
| David Ehrlich | 80,833,333 | 97.49% | 2,083,351 | 2.51% |
| Paul Harris | 78,352,126 | 94.50% | 4,564,558 | 5.50% |
| Jamie Schwartz | 82,733,584 | 99.78% | 183,101 | 0.22% |
| Michael Stein | 77,842,157 | 93.88% | 5,074,527 | 6.12% |
| Stanley Swartzman | 73,117,077 | 88.18% | 9,799,607 | 11.82% |
| Elaine Todres | 82,776,999 | 99.83% | 139,685 | 0.17% |
About CAPREIT
As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 50,770 residential units, comprised of 44,179 residential suites and 32 manufactured home communities comprising 6,591 land lease sites located in and near major urban centres across Canada and The Netherlands. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.caprent.com or www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.
For more information, please contact:
| CAPREIT Mr. Michael Stein Chairman (416) 861-5788 | CAPREIT Mr. David Ehrlich President & CEO (416) 861-9404 | CAPREIT Mr. Scott Cryer Chief Financial Officer (416) 861-5771 |
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