TORONTO, ONTARIO -- (Marketwired) -- 10/21/14

Allied Properties REIT (TSX: AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.1175 per unit for the month of October, 2014, representing $1.41 per unit on an annualized basis. The distribution will be payable on November 17, 2014, to unitholders of record as at October 31, 2014. The REIT has 74,741,657 units issued and outstanding.

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.

Contacts:
Allied Properties REIT
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
memory@alliedreit.com