HALIFAX, Nova Scotia, May 11, 2018 (GLOBE NEWSWIRE) -- Killam Apartment REIT (TSX:KMP.UN) ("Killam") today announced the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held in Halifax on May 10, 2018. The voting results of each of the matters considered at the Meeting are presented below.

1. Election of Trustees
   All candidates in the Management Proxy Circular dated March 28, 2018, were elected as trustees. The voting results of the trustees are as follows:

2. Appointment of Auditors
   Ernst & Young LLP was reappointed as the auditors of Killam, to hold office until the next annual meeting of unitholders at remuneration to be fixed by the board of trustees. The voting results for the reappointment of the auditors are as follows:

3. Amendments to Killam’s Restricted Trust Unit (“RTU”) Plan
   Amendments to Killam’s Restricted Trust Unit Plan (the “RTU Plan”) were approved. The voting results for the RTU amendments are as follows:

4. Executive Compensation Advisory Vote
   The non-binding advisory say-on-pay resolution on executive compensation was approved. The voting results for the executive compensation advisory vote are as follows:

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.5 billion portfolio of apartments and manufactured home communities. Killam’s strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.

For information, please contact:

Nancy Alexander, CPA, CA
Senior Director, Investor Relations & Performance Analytics
[email protected]
(902) 442-0374

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.