AP.UN Allied Properties Real Estate Investment Trust

Allied Properties REIT (TSX:AP.UN) announced today that it has closed the
previously announced acquisitions of 1040 Hamilton Street and 1286 Homer Street
in Vancouver and the previously announced acquisition of the Demcor Building in
Calgary.


Allied Properties REIT is a leading owner, manager and developer of urban office
environments that enrich experience and enhance profitability for business
tenants operating in Canada's major cities. Its objectives are to provide stable
and growing cash distributions to unitholders and to maximize unitholder value
through effective management and accretive portfolio growth.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Allied Properties REIT
Michael R. Emory
President and Chief Executive Officer
(416) 977-0643
memory@alliedreit.com

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