NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA


Allied Properties REIT (TSX:AP.UN) announced today that it has closed its
previously announced offering of 3,691,500 units (inclusive of 481,500 units
issued pursuant to the exercise in full of the underwriters' over-allotment
option) at a price of $34.30 per unit for gross proceeds of just over $126
million. The units were qualified by a short form prospectus dated February 28,
2013, and were underwritten by a syndicate of underwriters led by Scotiabank and
including RBC Capital Markets, CIBC, TD Securities Inc., BMO Capital Markets,
Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Canaccord
Genuity Corp., Desjardins Securities Inc., Dundee Securities Ltd., GMP
Securities L.P. and Raymond James Ltd.


Allied intends to use the entire net proceeds of the offering to fund the
acquisition of Vintage I & II, Calgary, with the balance to be used for general
trust purposes. 


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 refer to Allied's website at www.alliedreit.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Allied Properties REIT
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
memory@alliedreit.com
www.alliedreit.com
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