TORONTO, ONTARIO--(Marketwire - Mar 6, 2013) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today its March 2013 monthly distribution in the amount of $0.09333333 per Unit. The March distribution will be payable on April 15, 2013 to Unitholders of record on March 28, 2013.
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, CAPREIT is a growth-oriented investment trust owning interests in 37,488 residential units, comprised of 34,118 residential suites and 14 manufactured home communities comprising 3,370 land lease sites, located in and near major urban centres across Canada. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 56%. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.