Allied Properties REIT (TSX:AP.UN) announced today that it has completed the previously announced acquisition of the following Class I office property:


                                               Total  Office  Retail Parking
Address                                          GLA     GLA     GLA  Spaces
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Vintage I & II, 322-326 - 11th Avenue S.W.,                                 
 Calgary                                     210,430 190,237  20,193     210
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With Vintage I & II, Allied's Calgary portfolio has increased to 15 properties with a total of approximately 777,660 square feet of GLA.

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.

Contacts: Allied Properties REIT Michael R. Emory President and Chief Executive Officer (416) 977-0643memory@alliedreit.com

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