Allied Properties REIT Announces Conference Call to Discuss Fourth-Quarter and Year-End Financial Results

   Allied Properties REIT (TSX: AP.UN) will hold a conference call and live audio webcast at 10:00 a.m. (ET) on Friday, April 1, 2011, to discuss financial results for the quarter and year ended December 31, 2010. The financial results will be released on Thursday, March 31, 2011, after the markets close.

The conference call can be accessed by dialing 1(800)814-4859 or [phone]. The webcast will be accessible at www.marketwire.com and www.alliedpropertiesreit.com and will be archived for 90 days.

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-Waterloo, Calgary and Vancouver. 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 Real Estate Investment Trust Michael R. Emory President and Chief Executive Officer [phone] [e-mail]