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CAPREIT Announces December 2010 Distribution

December 15, 2010

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) ("CAPREIT") announced today its December 2010 monthly distribution in the amount of $0.09 per Unit. The December distribution will be payable on January 17, 2011 to Unitholders of record on December 31, 2010.

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