CAPREIT Chosen as One of Canada's Best Employers for A Third Consecutive Year

TORONTO, ONTARIO–(Marketwired – Nov. 5, 2015) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has been selected as a Platinum Level Aon Best Employers in Canada. Aon recently transitioned to one overall global Aon Best Employers program with two levels of recognition, Platinum and Gold. To become a Platinum or Gold Aon Best Employer, organizations need to perform strongly on employee engagement, leadership, performance culture and employment brand.

Each year AON Hewitt surveys employees in companies across Canada to provide an in-depth view into employee and leader opinions, comprehensive external benchmarking, and the ability to identify the key priorities that will drive engagement and performance in Canadian organizations. The Best Employers Study is the only national workplace research of its kind. As a leader in HR consulting, AON Hewitt’s flagship study reflects more than 20 years of industry measurement and consultation and is part of a global study.

The list of the Aon Best Employers in Canada, along with editorial features in a package highlighting the research findings, will be published in Canadian Business magazine and will land on newsstands in the GTA today, November 5th, 2015.

“We are extremely proud to have been selected as one of Aon’s Best Employers in Canada for a third consecutive year,” stated Thomas Schwartz, President and CEO. “I am thrilled to be part of Aon’s prestigious Platinum Level. One of our most important goals is to have a team of fully engaged and satisfied employees. This year the survey results show that our people are most happy with our leadership development initiatives, known as our LEAD Program (Leadership Excellence and Development). LEAD encompasses a mentoring program, a management trainee program, and a leadership curriculum. These programs provide our employees with the skills and tools they need to grow in their careers at CAPREIT.”

“Our people are our most important asset. It is because of them that we are able to continue to strive for excellence and be the best in our industry.” Mr. Schwartz concluded.

ABOUT CAPREIT

As one of Canada’s largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 46,617 residential units, comprising 40,332 residential suites and 30 manufactured home communities comprising 6,285 land lease sites located in and near major urban centres across Canada. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.caprent.com or www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

All statements in this press release that do not relate to historical facts constitute forward-looking statements. These statements represent CAPREIT’s intentions, plans, expectations and beliefs and are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR at www.sedar.com.