Media Statement Regarding Fatality at CAP REIT-owned Parking Garage in Montreal

MONTREAL, Nov. 26 /CNW Telbec/ - Earlier today, Canadian Apartment Properties Real Estate Investment Trust (CAP REIT) was notified that concrete from the first level of a parking garage owned and operated by CAP REIT fell onto the level below. Despite the heroic efforts of emergency services personnel, the accident resulted in one fatality. CAP REIT expresses its deepest sympathy to the family of the deceased.

CAP REIT is working with its engineers and is cooperating fully with authorities to determine the cause of the accident and to take all necessary steps to secure the structure. The parking garage remains closed while this process is ongoing.

CAP REIT is committed to providing safe and secure accommodation throughout its portfolio of apartments, townhouses and land-lease communities.

The two-level garage is attached to a 14 storey mixed-use apartment building at 135 Deguire Blvd (Montreal), which is also owned and operated by CAP REIT. CAP REIT, with the assistance of Saint-Laurent fire department, immediately evacuated tenants of the building as a precaution. Provincial and municipal authorities are determining when residents may be allowed to return. CAP REIT is working with Saint-Laurent Borough and relief agencies to arrange interim accommodation for residents.

CAP REIT expresses appreciation to the emergency services personnel, Saint-Laurent Borough and the local relief agencies for their quick response and ongoing efforts.

About CAP REIT

As one of Canada's largest residential landlords, CAP REIT (TSX: CAR-UN.TO) is a real estate investment trust owning interests in 27,461 residential suites and two land lease communities comprising 1,278 sites located in or near major urban centres from coast to coast.

Contacts

Chantal Morin
(514) 844-6665
ext. 237
(514) 618-7662