HALIFAX, NOVA SCOTIA--(Marketwired - Oct. 18, 2016) - Killam Apartment REIT (TSX:KMP.UN) is pleased to
announce its October 2016 monthly distribution. The distribution of $0.05 per unit will be paid on November 15, 2016, to
unitholders of record on October 31, 2016.
Killam Apartment REIT offers a distribution reinvestment plan (the "DRIP"). The DRIP provides eligible unitholders with the
opportunity to reinvest their cash distributions, on each distribution payment date, in additional units. Participating
unitholders will also receive an additional distribution of units representing 3% of the amount of the distribution reinvested
pursuant to the Plan.
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 $1.9 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.