Allied Properties REIT (TSX:AP.UN) announced today that it has closed the
previously announced acquisition of 555 College Street, Toronto, with an
effective date of September 1, 2007.


Allied Properties REIT is the leading provider of Class I office space in
Canada, with portfolio assets in the urban areas of Toronto, Montreal, Winnipeg
and Quebec City. The objectives of the REIT are to provide stable and growing
cash distributions to unitholders and to maximize unitholder value through
effective management and accretive portfolio growth.
Allied Properties Real E... (TSX:AP.UN)
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