Allied Properties Real Estate Investment Trust Announces Closing of Acquisition of Class I Office Complex in Kitchener

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




Address                            Total      Office      Retail     Parking
                                     GLA         GLA         GLA      Spaces
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Lang Tannery, Kitchener          340,150     291,763      48,666         345
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With the Lang Tannery, Allied now owns three key properties in the Kitchener's
Warehouse District comprising over 500,000 square feet of GLA. The Warehouse
District is rapidly becoming a critical technology and transportation hub for
the surrounding region.


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.