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CAPREIT Acquires Canada-Wide MHC Portfolio

March 14, 2019 By Globenewswire Tagged With: CA1349211054, TSX:CAR.UN

TORONTO, March 14, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has acquired a portfolio of thirteen manufactured housing communities (“MHC”) in Ontario, Alberta and British Columbia totaling 1,104 sites. CAPREIT paid $66.4 million for the portfolio, funded by its Acquisition and Operating credit facility.

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