Allied Properties Real Estate Investment Trust Announces Closing of Acquisitions in Western Canada and Toronto

Allied Properties REIT (TSX:AP.UN) announced today that it has closed the
acquisition of the following properties: 




                                            Total   Office  Retail   Parking
Address                                       GLA      GLA     GLA    Spaces
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Sun Tower, Vancouver                       81,300   75,342   5,958         -
Kipling Square, Calgary                    44,940   44,940       -        13
Revillon Boardwalk Building, Edmonton     255,217  224,423  30,794       224
60 Adelaide Street East, Toronto          110,154  105,155   4,999        17
184 Front Street East, Toronto             86,920   80,674   6,246        54
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Total                                     578,531  455,192  47,997       308
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Allied has completed or announced 19 acquisitions in 2011 for $350 million, 13
in Western Canada, five in Toronto and one in Montreal. Less than 12 months ago,
Allied had no property west of Winnipeg. On closing of the remaining three
previously announced acquisitions, Allied will own nine Class I or heritage
properties in Calgary, two in Edmonton, three in Vancouver and one in Victoria
with total rentable area of 910,495 square feet. When combined with Allied's
properties in Winnipeg, they will comprise 13% of Allied's total rentable area,
with Central Canada (Toronto and Kitchener) comprising 46% and Eastern Canada
(Montreal and Quebec City) the remaining 41%. 


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.

Allied Properties Real E... (TSX:AP.UN)
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