Milestone Apartments REIT Announces Results of Voting at Annual Meeting

TORONTO / DALLAS, May 8, 2014 /CNW/ - Milestone Apartments REIT (TSX: MST.UN) ("Milestone" or the "REIT") today announced the results of voting at its annual general meeting of unitholders held earlier today (the "Meeting").

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees. Detailed results of the election are set out below:

Nominee   Votes For   % Votes For   Votes Withheld   % Votes Withheld
William Biggar   28,224,002   99.90%   29,000   0.10%
Janet Graham   28,225,007   99.90%   27,925   0.10%
Jay Hurley   28,181,102   99.75%   71,900   0.25%
Robert Landin   28,210,702   99.85%   42,300   0.15%
Richard Matheson   28,249,902   99.99%   3,100   0.01%
Graham Senst   28,249,002   99.99%   4,000   0.01%
Michael Young   28,204,502   99.83%   48,500   0.17%

In addition, KPMG LLP, Chartered Accountants, was reappointed as the auditor of the REIT.

About Milestone Apartments REIT
Milestone Apartments REIT is an unincorporated, open-ended real estate investment trust that is governed under the laws of Ontario. The REIT's portfolio consists of 54 multifamily garden-style residential properties, comprising 17,648 units that are located in 11 major metropolitan markets throughout the Southeast and Southwest United States. Milestone Apartments REIT is the largest REIT listed on the TSX focused solely on the U.S. multifamily sector. The REIT operates its portfolio through its internal property management company, Milestone Management, with more than 900 employees across the U.S. Based in Dallas, TX, TMG Partners, L.P., an affiliate of The Milestone Group, is the external asset manager of the REIT. For more information, please visit www.milestonereit.com.

About The Milestone Group
The Milestone Group is a privately-held real estate investment management company with expertise and presence in major metropolitan markets throughout the United States. The firm has corporate offices in Dallas, TX and New York, NY with regional acquisition and management offices across the United States. Founded in 2004, The Milestone Group has a strong track record of investing in the U.S. multifamily sector, including completion of more than US$4.5 billion in multifamily transactions. For more information, please visit www.milestonegp.com.


 

SOURCE Milestone Apartments REIT

For further information:

Robert Debs, Investor Relations
Milestone Apartments REIT 
Tel: 214.561.1215

Bruce Wigle, Investor Relations
Bryan Mills Iradesso (BMIR)
Tel: 416.447.4740, x 232