Mr. Dale Noseworthy reports

KILLAM APARTMENT REIT ANNOUNCES JANUARY 2017 DISTRIBUTION

Killam Apartment Real Estate Investment Trust has declared its January, 2017, monthly distribution. The distribution of five cents per unit will be paid on Feb. 15, 2017, to unitholders of record on Jan. 31, 2017.

Killam Apartment REIT offers a distribution reinvestment plan. The DRIP provides eligible unitholders with the opportunity to reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will also receive an additional distribution of units representing 3 per cent of the amount of the distribution reinvested pursuant to the plan.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, N.S., is one of Canada's largest residential landlords, owning, operating and developing multifamily apartments and manufactured home communities. Killam's current portfolio includes $2-billion in real estate assets. Killam's strategy to maximize its value and long-term profitability includes concentrating on three key areas of growth: 1) increasing the earnings from its existing portfolio, 2) expanding its portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.