Allied Properties Real Estate Investment Trust Bolsters Leadership Team

NOT FOR DISTRIBUTION IN THE UNITED STATES

Allied Properties REIT (TSX:AP.UN) announced today that Thomas G. Burns has been
appointed Executive Vice President, Operations and Leasing. He will formally
commence his duties on January 17, 2011. Allied also announced that Wayne L.
Jacobs has been appointed Executive Vice President, Acquisitions.


"In less than eight years, we've propelled our business from a small, local
portfolio of specialized office assets to one of the leading, urban office
platforms in Canada," said Michael Emory, President & CEO. "Going forward, we're
determined to maintain a high rate of growth, broaden and deepen our platform
and accelerate our value-creation activities significantly. With Tom overseeing
operations and leasing and with Wayne assuming a much bigger role in
acquisitions, we'll be well positioned to achieve these ambitious goals."


Having spent his career to date with a leading real estate brokerage and
advisory firm, Mr. Burns is one of the most active, successful and respected
real estate professionals in Canada. Reporting to the President & CEO, Mr. Burns
will oversee operations and leasing at Allied. In doing so, he will focus on
Allied's ongoing efforts to foster strong tenant-relations and will work closely
with the rest of the team to champion the core values of respect, focus,
creativity, enthusiasm, teamwork and community building.


Mr. Jacobs has been with Allied since its IPO in 2003. In addition to remaining
involved with leasing on a transitional basis, he will allocate progressively
more of his time to acquisitions, a key driver of Allied's growth going forward.
His lengthy experience with Allied's business will serve him well in this
important and expanding role.


This press release may contain forward-looking statements with respect to
Allied, its operations, strategy, financial performance and condition. These
statements generally can be identified by use of forward looking words such as
"may", "will", "expect", "estimate", "anticipate", intends", "believe" or
"continue" or the negative thereof or similar variations. The actual results and
performance of Allied discussed herein could differ materially from those
expressed or implied by such statements. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Important factors that could cause actual results to differ
materially from expectations include, among other things, general economic and
market factors, competition, changes in government regulations and the factors
described under "Risk Factors" in the Annual Information Form of the REIT which
is available at www.sedar.com. These cautionary statements qualify all
forward-looking statements attributable to Allied and persons acting on Allied's
behalf. Unless otherwise stated, all forward-looking statements speak only as of
the date of this press release and the parties have no obligation to update such
statements. 


Allied Properties REIT is a leading owner, manager and developer of urban office
environments that enrich experience and enhance profitability for business
tenants operating from Toronto, Montreal, Winnipeg, Quebec City, Kitchener and
Calgary. Its objectives 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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