Milestone Apartments REIT Announces Results of Voting at Annual Meeting

TORONTO and DALLAS, May 10, 2016 /CNW/ - Milestone Apartments REIT (TSX: MST.UN) ("Milestone" or the "REIT") today announced the results of voting at its annual general and special 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 J. Biggar	30,881,480	99.73%	84,620	0.27%
Janet Graham	30,879,505	99.72%	86,595	0.28%
Robert P. Landin	30,950,294	99.95%	15,806	0.05%
Richard N. Matheson	30,902,580	99.79%	63,520	0.21%
Graham Senst	30,916,379	99.84%	49,721	0.16%
Michael D. Young	30,942,410	99.92%	23,690	0.08%

The REIT's full report of voting results on other matters presented at the Meeting can be found at www.sedar.com.

About Milestone

The REIT is an unincorporated, open-ended real estate investment trust that is governed by the laws of Ontario. The REIT's portfolio consists of 72 multifamily garden-style residential properties, comprising 22,546 apartment units that are located in 14 major metropolitan markets throughout the Southeast and Southwest United States. The REIT is the largest real estate investment trust listed on the TSX focused solely on the United States multifamily sector. The REIT operates its portfolio through its internal property management company, Milestone Management, LLC, which has approximately 1,500 employees and manages more than 50,000 apartment units across the United States. Based in Dallas, TX, TMG Partners, L.P., an affiliate of The Milestone Group, LLC, is the external asset manager of the REIT. For more information, please visit www.milestonereit.com.  

About The Milestone Group, LLC

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, Texas and New York, New York 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 approximately US$10 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, Bay Street Communications, Tel: [phone]