TORONTO, ONTARIO--(Marketwire - July 21, 2008) - Canadian Apartment Properties Real Estate Investment Trust ("CAP REIT")(TSX: CAR-UN.TO) announced today its July 2008 monthly distribution in the amount of $0.09 per Unit. The July distribution will be payable on August 15, 2008 to Unitholders of record on July 31, 2008.
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, CAP REIT (TSX: CAR-UN.TO) is a growth-oriented investment trust owning interests in 26,540 residential suites and two land lease communities comprising 1,267 sites located in or near major urban centres from coast to coast. Since its Initial Public Offering in June 1997, CAP REIT has grown monthly cash distributions per Unit by 51%. For more information about CAP REIT, its business and its investment highlights, please refer to our web site at www.capreit.net. ContactsMr. Michael SteinCAP REIT
Chairman
(416) 861-5788
Mr. Thomas Schwartz
CAP REIT
President & CEO
(416) 861-9404
Mr. Yazdi Bharucha
CAP REIT
CFO & Secretary
(416) 861-5771
Website: www.capreit.net
