HALIFAX, NOVA SCOTIA -- (Marketwired) -- 05/12/16

Killam Apartment REIT (TSX:KMP.UN) ("Killam") today announced the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held in Halifax on May 11, 2016. The voting results of each of the matters considered at the Meeting are presented below.

1.  Election of Trustees
    All candidates in the Management Proxy Circular dated April 1, 2016,
    were elected as trustees. The voting results of the trustees are as
    follows:

                                                                            
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Candidate                 Votes For     % For  Votes Withheld    % Withheld 
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Timothy R. Banks         28,604,258     74.84%      9,613,741         25.16%
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Philip D. Fraser         36,196,538     94.71%      2,021,461          5.29%
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Robert G. Kay            37,661,029     98.54%        556,970          1.46%
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James C. Lawley          28,468,909     74.49%      9,749,090         25.51%
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Arthur G. Lloyd          37,635,831     98.48%        582,168          1.52%
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Karine L. MacIndoe       37,735,765     98.74%        482,234          1.26%
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Robert G. Richardson     30,413,441     79.58%      7,804,558         20.42%
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Manfred J. Walt          36,911,678     96.58%      1,306,231          3.42%
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G. Wayne Watson          37,550,312     98.25%        667,687          1.75%
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1.  Appointment of Auditors
    Ernst & Young LLP was reappointed as the auditors of Killam, to hold
    office until the next annual meeting of unitholders at remuneration to
    be fixed by the board of trustees. The voting results for the
    reappointment of the auditors are as follows:

                                                                            
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Votes For                       % For      Votes Withheld        % Withheld 
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37,590,794                      98.36%            627,205              1.64%
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About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating and developing multi-family apartments and manufactured home communities. Killam's current portfolio includes $1.85 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.

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

Contacts:
Dale Noseworthy, CPA, CA, CFA
Vice President, Investor Relations and Corporate Planning
(902) 442-0388
dnoseworthy@killamreit.com