Ms. Nancy Alexander reports

KILLAM APARTMENT REIT ANNOUNCES AUGUST 2018 DISTRIBUTION

Killam Apartment Real Estate Investment Trust has declared its August, 2018, monthly distribution. The distribution of 5.333 cents per unit will be paid on Sept. 17, 2018, to unitholders of record on Aug. 31, 2018.

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

About Killam Apartment Real Estate Investment Trust

Killam Apartment REIT, based in Halifax, N.S., is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.5-billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: (i) increasing earnings from existing operations; (ii) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties; and (iii) developing high-quality properties in its core markets.