Allied Properties Real Estate Investment Trust : January 19 , 2017 Allied Properties REIT Announces January Distribution

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES JANUARY DISTRIBUTION Toronto, January 19, 2017 - Allied Properties REIT (TSX:"AP.UN") announced today that the Trustees of the REIT have declared a distribution of $0.1275 per unit for the month of January 2017, representing $1.53 per unit on an annualized basis. The distribution will be payable on February 15, 2017, to unitholders of record as at January 31, 2017.

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.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael R. Emory

President and Chief Executive Officer [phone]

[e-mail]

Cecilia C. Williams

Vice President and Chief Financial Officer [phone]

[e-mail]