BRE Properties Announces Tax Status of 2012 Dividends

  BRE Properties Announces Tax Status of 2012 Dividends

Business Wire

SAN FRANCISCO -- January 17, 2013

BRE Properties, Inc. (NYSE:BRE), a leading real estate investment trust (REIT)
with apartment communities located primarily in the major metropolitan markets
of coastal California and metropolitan Seattle, announced today the 2012
dividend tax status of its distributions to shareholders. The 2012
distribution classifications are:


2012 Dividend Tax Status
                                                                                             
Common Shares Distribution (CUSIP 05564E106):
                             Cash             Taxable                                                  
Record         Payment         Distribution     Ordinary      Qualifying     Long-         Unrecaptured     Return of
                                                                             Term
Date         Date          Per Share      Dividend    Dividend     Capital     Section 1250   Capital
                                                                             Gain          Gain
3/15/2012      3/30/2012       $0.385000        $0.151814     $0.000000      $0.172182     $0.061004        $0.000000
6/15/2012      6/29/2012       $0.385000        $0.151814     $0.000000      $0.172182     $0.061004        $0.000000
9/14/2012      9/28/2012       $0.385000        $0.151814     $0.000000      $0.172182     $0.061004        $0.000000
12/14/2012     12/31/2012    $0.385000      $0.151814   $0.000000    $0.172182   $0.061004      $0.000000
               Total:        $1.540000      $0.607256   $0.000000    $0.688728   $0.244016      $0.000000
               Percentage:   100%           39%         0%           45%         16%            0%
                                                                                                            
Series D Preferred Distribution (CUSIP 05564E601):
                                               Taxable
Record         Payment         Cash             Ordinary      Qualifying     Long-         Unrecaptured     Return of
                               Distribution                                  Term
Date         Date          Per Share      Dividend    Dividend     Capital     Section 1250   Capital
                                                                             Gain          Gain
3/15/2012      3/30/2012       $0.421875        $0.166354     $0.000000      $0.188674     $0.066847        $0.000000
6/15/2012      6/29/2012       $0.421875        $0.166354     $0.000000      $0.188674     $0.066847        $0.000000
9/14/2012      9/28/2012       $0.421875        $0.166354     $0.000000      $0.188674     $0.066847        $0.000000
12/14/2012     12/31/2012    $0.421875      $0.166354   $0.000000    $0.188674   $0.066847      $0.000000
               Total:        $1.687500      $0.665416   $0.000000    $0.754696   $0.267388      $0.000000
               Percentage:   100%           39%         0%           45%         16%            0%
                                                                                                            

Wells Fargo Shareowner Services will distribute copies of IRS Form 1099-DIV to
2012 registered shareholders of record of BRE's common and preferred stock.
Beneficial shareholders who held BRE's stock in "street name" during 2012 will
receive the form from their bank, brokerage or nominee. BRE recommends
shareholders consult a tax professional to determine how distributions should
be reported on state and federal tax forms.

About BRE Properties

BRE Properties, based in San Francisco, California, focuses on the
development, acquisition and management of apartment communities located
primarily in the major metropolitan markets of Southern and Northern
California and Seattle. BRE Properties is a real estate investment trust
(REIT) listed in the S&P MidCap 400 Index. For more information on BRE
Properties, please visit our website at www.breproperties.com.

Contact:

BRE Properties, Inc.
Stephanie Andre, 415-445-3745
 
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