About Canadian Apartment Properties Real Estate Investment Trust

Canadian Apartment Properties Real Estate Investment Trust operates as an open-end real estate investment trust. The company’s real property portfolio is comprised primarily of interests in income-producing multi-unit residential properties. Its properties consist of well-located, low-rise and high-rise apartment buildings and townhouse complexes in major urban centres. The company owns interests in multi-unit residential properties, including apartments, townhouses and land lease adult lifestyle communities located in and near major urban centres across Canada. As of December 31, 2007, it had ownership or co-ownership interests in a portfolio that included 27,853 residential suites, and two Ontario adult lifestyle land lease communities comprising 1,258 land lease sites. Significant Events Canadian Apartment Properties REIT announced that it had completed the acquisition of a 153-suite, 19-storey, luxury apartment building in Quebec City, Quebec. The property includes 19,500 square feet of commercial space, an indoor swimming pool and indoor parking. Located on the shores of the St. Lawrence River near the Plains of Abraham and Cartier Street, this well-maintained building is close to hospitals, schools, transportation, shopping and restaurants. It is one of the best located and highest quality apartment properties in the City. History Canadian Apartment Properties Real Estate Investment Trust was founded in 1997.