Allied Properties Real Estate Investment Trust Announces July Distribution
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[July 18, 2008]

Allied Properties Real Estate Investment Trust Announces July Distribution

(Marketwire Via Acquire Media NewsEdge) TORONTO, ONTARIO, July 18 / MARKET WIRE/ --

Allied Properties REIT (TSX: AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.11 per unit for the month of July, 2008, representing $1.32 per unit on an annualized basis. The distribution will be payable on August 15, 2008, to unitholders of record as at July 31, 2008. The REIT has 31,054,412 units issued and outstanding.



Allied Properties REIT is the leading owner and manager of Class I office properties in Canada, with portfolio assets in the urban areas of Toronto, Montreal, Winnipeg, Quebec City and Kitchener. The objectives of the REIT 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 Real Estate Investment Trust
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
Email: memory@alliedpropertiesreit.com



Copyright ? 2008 Marketwire

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