TORONTO, Aug. 25, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has waived conditions and agreed to purchase a portfolio of two properties in London, Ontario and Sarnia, Ontario aggregating 301 residential suites. CAPREIT has agreed to pay $50.0 million for the two properties, funded by… [Read More]

TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its August 2020 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The August distribution will be payable on September 15, 2020 to Unitholders of record on August 31,… [Read More]

TORONTO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has purchased a brand new 88-suite apartment property in the West Bedford neighbourhood of Halifax, Nova Scotia. CAPREIT paid $22.4 million for the property, financed by CAPREIT’s cash and cash equivalents invested in short-term investments…. [Read More]

TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today continuing strong operating and financial results for the three and six months ended June 30, 2020. HIGHLIGHTS:   Three Months Ended Six Months Ended   June 30, June 30,   2020   2019(5)   2020  … [Read More]

TORONTO, July 15, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its July 2020 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The July distribution will be payable on August 17, 2020 to Unitholders of record on July 31,… [Read More]

TORONTO, July 15, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has sold an affordable sector 188-suite townhome property located in Calgary, Alberta for $30.5 million. CAPREIT acquired the Queen’s Park Village Townhomes in December 2002. “As a key component of our value enhancing strategies, we… [Read More]

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today it will issue its financial results for the three and six months ended June 30, 2020 after markets close on: Tuesday, August 11, 2020 A conference call to discuss the results will be hosted by Mark Kenney,… [Read More]

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the previously-announced buyout of eight operating leases for properties in Toronto. The aggregate purchase price for the eight operating lease buyouts was approximately $123 million. The operating lease buyouts were financed, in part,… [Read More]

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its June 2020 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The June distribution will be payable on July 15, 2020 to Unitholders of record on June 30,… [Read More]

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it will be included in the S&P/TSX 60 Composite Index effective June 22, 2020. The S&P/TSX 60 is a stock market index of sixty large companies listed on the Toronto Stock Exchange in ten industry sectors…. [Read More]

TORONTO, June 05, 2020 (GLOBE NEWSWIRE) — This release was previously disseminated on June 3, 2020 at 17:00 ET. The address “33 Davisville Avenue” has been added to the first paragraph, along with additional information regarding the purchase price of the operating lease buyout. The complete and corrected release follows. Canadian Apartment Properties Real Estate… [Read More]

TORONTO, June 03, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has agreed to prepay the buyout of eight operating leases (“8 Lease Buyouts”) for eight properties in Toronto, which are expected to close by June 30, 2020.  The properties are located at 88 Isabella Avenue,… [Read More]