Northern Property REIT Announces Voting Results from 2015 Annual General & Special Meeting

CALGARY, May 7, 2015 /CNW/ - Northern Property Real Estate Investment Trust (the "REIT") (NPR.UN - TSX) announced today the voting results from its annual general meeting of unitholders held on Wednesday, May 6, 2015 in Calgary, Alberta.

A total of 19,917,829 trust units were represented at the meeting, being 62.84% of the REIT's issued and outstanding trust units.  Unitholders voted in favour of all matters brought before the meeting, including the appointment of auditors of the REIT for the ensuing year and the authorization of the trustees to fix the remuneration payable to the auditors, the election of management's nominees as trustees, approving the adoption of the Deferred Unit Plan, approving the adoption of the Unit Award Plan, and approving the approach to executive compensation.  Detailed results of the election of trustees are provided below:

Director Nominee	Votes For	Votes Withheld
Douglas H. Mitchell	12,794,254 (65.63%)	6,700,849 (34.37%)
Todd R. Cook	19,221,353 (98.60%)	273,750 (1.40%)
Kevin E. Grayston	19,140,134 (98.18%)	354,969 (1.82%)
Dennis J. Hoffman	19,290,708 (98.95%)	204,395 (1.05%)
Christine McGinley	19,305,505 (99.03%)	189,598 (0.97%)
Terrance L. McKibbon	19,334,929 (99.18%)	160,174 (0.82%)
Dennis G. Patterson	18,758,584 (96.22%)	736,519 (3.78%)
Scott Thon	19,336,343 (99.19%)	158,760 (0.81%)

The resolution to approve the Unit Award Plan passed by a ballot vote. Details of the voting are as follows:
Total shares voted in favor: 17,841,564 (91.29%)
Total shares against: 1,702,531 (8.71%)

About NPR

NPR is primarily a multi-family residential real estate investor, providing a broad spectrum of rental accommodations in Canadian secondary markets. NPR focuses on communities with strong economic fundamentals where capitalization rates are generally higher and competition is somewhat restrained. NPR's residential portfolio is comprised of a multi-family segment: apartments, town homes and single family rental units; and execusuites and hotel where the rental period ranges from a few days to several months. NPR also has a portfolio of commercial buildings focused on government tenancies and quality corporate tenants predominantly located in the Northwest Territories, Nunavut and Newfoundland and Labrador. Geographically, NPR operates in Alberta, British Columbia, Newfoundland and Labrador, the Northwest Territories, Nunavut, Quebec and Saskatchewan. The value of NPR's real estate at March 31, 2015, was $1.6 billion with 11,066 residential units and 1,171,000 square feet of commercial space. NPR is traded on the TSX under the ticker symbol: NPR.UN

SOURCE Northern Property Real Estate Investment Trust

For any questions, please contact Louise Elsey, Corporate Secretary, at 403 531 0725.