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

Robert Debs, Investor Relations
Milestone Apartments REIT 
Tel: [phone]

Bruce Wigle, Investor Relations
Bryan Mills Iradesso (BMIR)
Tel: [phone], x 232