TORONTO, April 15, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of Willoughby Walk, a brand new, purpose-built apartment building containing 191 rental suites located in Langley, British Columbia. CAPREIT paid $69.6 million for the property, funded by its Acquisition and Operating credit facility, which will subsequently be partially repaid by the CMHC-insured mortgages. Construction was recently completed, and the property is currently being leased up.