Morguard North American Residential REIT Declares November 2012 Distribution of 5 Cents Per Unit

MISSISSAUGA, ON, Nov. 15, 2012 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of 5 cents per unit for the month of November 2012.  The distribution will be payable on December 14, 2012 to unitholders of record as at November 30, 2012.

About Morguard North American Residential REIT

The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 14 Canadian residential apartment buildings and six U.S. residential walk-up garden communities consisting of 6,376 residential suites that are located in Ontario, Alberta, Louisiana and Florida.

SOURCE: Morguard North American Residential Real Estate Investment Trust

For further information:

Morguard North American Residential REIT

K. (Rai) Sahi 
Chief Executive Officer 
(905) 281-3800

Beverley G. Flynn
General Counsel & Secretary
(905) 281-3800