Allied Properties Real Estate Investment Trust : January 15 , 2018 Allied Properties REIT Announces January 2018 Distribution

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST

ANNOUNCES JANUARY 2018 DISTRIBUTIONToronto,January

15,

(TSX:AP.UN)announced

2018	-	Allied	Properties
today	that the	Trustees

REIT (the

"REIT")of the REIThavedeclared a distribution of $0.13 per unit for the month of January 2018, representing $1.56 per unit on an annualized basis. The distribution will be payable on February 15, 2018, to unitholders of record as at January 31, 2018.

Allied Properties REIT is a leading owner, manager and developer of distinctive urban workspace 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]

Cecilia C. Williams

Executive Vice President and Chief Financial Officer [phone]