AIP Realty Trust announced that its Board of Trustees (the “Board”) has declared a quarterly cash distribution in the amount of $0.02 per unit. The declared amount represents a 50% decrease from the distributions of $0.04 per unit paid by the Trust for each of the past three quarters. The distribution will be payable on April 17, 2023 (the “Distribution Date”), to unitholders of record on March 31, 2023.

All dollar amounts are stated in U.S. dollars.