Dr. Gina Cody reports

CAPREIT ANNOUNCES APPOINTMENT OF NEW BOARD OF TRUSTEE MEMBER

Canadian Apartment Properties REIT has appointed David Wesik as a member of the REIT's board of trustees effective Aug. 9, 2024.

Mr. Wesik is the president and founder of Third Space Properties in Vancouver. In his role as president, Mr. Wesik is responsible for strategic vision, growth and overall performance at Third Space, while ensuring the company's broader impact is a positive one. Prior to Third Space, he held the role of executive vice-president at Wesgroup Properties, one of Western Canada's largest privately owned real estate companies. As part of the executive leadership team at Wesgroup he was active in creating and implementing company strategy with a focus on acquisitions, development, asset management and finance.

Mr. Wesik has over 15 years of extensive experience in the residential and commercial real estate industry in metro Vancouver. He has negotiated and completed over $1-billion in transactions and worked on over 40 development projects during his career. Mr. Wesik holds a bachelor of arts (honours) degree from the University of Western Ontario and is a chartered financial analyst charterholder from the CFA Institute.

"We are excited to have David join the board of trustees. David's extensive residential and development experience and knowledge of the Vancouver real estate market will provide great value to CAPREIT," commented Dr. Gina Parvaneh Cody, chair of the board of trustees of the REIT.

About Canadian Apartment Properties REIT

Canadian Apartment is Canada's largest publicly traded provider of quality rental housing. As at June 30, 2024, Canadian Apartment owns approximately 64,200 residential apartment suites, townhomes and manufactured home community sites well located across Canada and the Netherlands, with approximately $16.6-billion of investment properties in Canada and Europe.

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