CAPREIT Announces the Appointment of General Counsel and Corporate Secretary

TORONTO, ONTARIO - (Marketwire - July 2, 2009) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT")(TSX:CAR.UN) is pleased to announce the appointment of Philip Lefko as General Counsel and Corporate Secretary of CAPREIT. Mr. Lefko joins CAPREIT from one of Canada's largest bank owned securities dealers where he was an in-house legal advisor and prior to that he was in private practice with a focus on securities law and mergers and acquisitions at a pre-eminent Canadian law firm. The addition of Mr. Lefko as General Counsel and Corporate Secretary will further strengthen CAPREIT's management team.

As one of Canada's largest residential landlords, CAPREIT (TSX:CAR.UN) is a growth-oriented investment trust owning interests in 27,614 residential suites and two land lease communities comprising 1,288 sites located in or near major urban centres from coast to coast. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 51%. For more information about CAPREIT, its business and its investment highlights, please refer to our web site at www.capreit.net and our public disclosure which can be found under our profile at www.sedar.com.

(416) 861-5771

Tags: ,Real Estate and Construction,Residential Real Estate,PERSONNEL ANNOUNCEMENTS

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CAPREIT Announces the Appointment of General Counsel and Corporate Secretary