CAPREIT Announces Timing of Second Quarter 2012 Results & Conference Call

Real Estate — July 13, 2012

TORONTO, ONTARIO--(Marketwire - July 13, 2012) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today it will issue its financial results for the three and six months ended June 30, 2012 after the market closes on:

Wednesday, August 8, 2012

A conference call hosted by Thomas Schwartz, President and Chief Executive Officer and Scott Cryer, Chief Financial Officer will be held on:

Thursday, August 9, 2012 at 10.00 am EDT

The telephone numbers for the conference call are:

Local / International: (416) 340-2218

North American Toll Free: (877) 240-9772

A slide presentation to accompany management's comments during the conference call will be available an hour and a half prior to the conference call. To view the slides, access the CAPREIT website at www.capreit.net, click on "Investor Relations" and follow the link at the top of the page. Please log on at least 15 minutes before the call commences.

The telephone numbers to listen to the call after it is completed (Instant Replay) are local / international (905) 694-9451 or North American toll free (800) 408-3053. The Passcode for the Instant Replay is 9025605#. The Instant Replay will be available until midnight, August 16, 2012. The call and accompanying slides will also be archived on the CAPREIT website at www.capreit.net. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.net.

Contact Information

CAPREIT
Mr. Michael Stein
Chairman
(416) 861-5788

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

CAPREIT
Mr. Scott Cryer
Chief Financial Officer
(416) 861-5771
www.capreit.net