Centurion Apartment REIT Management Inc. Announces that it has hired Robert Orr as Chief Financial Officer

Centurion Apartment REIT Management Inc. is pleased to announce that it has hired Robert Orr as Chief Financial Officer and Chief Compliance Officer. Mr. Orr has over twenty years of experience within the financial services sector. Mr. Orr has held senior finance positions in a number of companies ranging from a private investment firm, a large multi-national financial institution and a global accounting firm.

Prior to joining Centurion, he was the Chief Financial Officer and Chief Compliance Officer of Sevenoaks Capital Inc., an alternative investment manager, regulated by the Ontario Securities Commission, catering to high net worth individuals both in Canada and internationally. Previously, Mr. Orr was the Chief Financial Officer of UBS Bank (Canada), the wealth management division of the Swiss-based bank. Mr. Orr has also held positions at KPMG as a Senior Manager in their Risk and Advisory Practice with a focus on financial services and CIBC World Markets as an Executive Director, Finance.

Mr. Orr is a Chartered Accountant registered with the Institute of Chartered Accountants of Ontario and holds a Bachelor of Commerce from the University of British Columbia.

Commenting on the hire: Greg Romundt, President, stated:

“We are very excited that Robert will be joining Centurion. This is a strategic enhancement of our executive, financial, reporting and regulatory compliance bench strength. We expect that this will further enhance our ability to execute on our growth, reporting and performance objectives as well as a number of strategic initiatives that have been identified.”

Mr Orr is expected to commence his duties in December 2012.