Mr. Michael Emory reports

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES SEPTEMBER DISTRIBUTION

Allied Properties Real Estate Investment Trust has declared a distribution of 11.75 cents per unit for the month of September, 2014, representing $1.41 per unit on an annualized basis. The distribution will be payable on Oct. 15, 2014, to unitholders of record as at Sept. 30, 2014. The REIT has 74,667,885 units issued and outstanding.