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Canadian Apartment Properties Real Estate Investment Trust Announces Closing of $345 Million Equity Financing

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/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES./ TORONTO, April 23, 2019 /CNW/ – (TSX:CAR.UN) – Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT” or the “REIT”) announced today that it has closed its previously announced issue and sale of 7,043,750 units for $49.00 per unit for aggregate gross proceeds… [Read More]

CAPREIT Announces April 2019 Distribution

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TORONTO, April 15, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its April 2019 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The April distribution will be payable on May 15, 2019 to Unitholders of record on April 30,… [Read More]

CAPREIT Acquires Brand New Luxury Apartment Property in B.C.

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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… [Read More]

European Residential REIT and CAPREIT Announce Closing of Portfolio Acquisition Creating Canada’s First European-Focused Multi-Residential REIT and Announce Record Date for Special Distribution

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Bolstered by the results of this transformational transaction and backed by Canada’spre-eminent multi-residential owner/manager, ERES will focus onthe attractive European multi-residential market TORONTO, March 29, 2019 /CNW/ – European Residential Real Estate Investment Trust (TSX-V:ERE.UN, “ERES“) and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, “CAPREIT“) are pleased to announce the closing of the previously announced… [Read More]

CAPREIT Appoints Mark Kenney as Chief Executive Officer and Trustee

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TORONTO, March 27, 2019 /CNW/ – Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that Mark Kenney has been appointed Chief Executive Officer of CAPREIT and as a member of CAPREIT’s board of trustees, effective March 27, 2019. Mr. Kenney joined CAPREIT in 1998 and, since that time, has been actively involved… [Read More]

CAPREIT Announces March 2019 Distribution

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TORONTO, March 15, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its March 2019 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The March distribution will be payable on April 15, 2019 to Unitholders of record on March 29,… [Read More]

CAPREIT Acquires Canada-Wide MHC Portfolio

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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.

CAPREIT Announces 3.8% Increase in Monthly Cash Distributions

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TORONTO, Feb. 26, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that its Board of Trustees had approved a 3.8% increase in monthly cash distributions to $0.1150 per Unit, or $1.38 per Unit on an annualized basis. The increase is effective with the March 2019 distribution payable on… [Read More]

CAPREIT Completes Netherlands Property Acquisition

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TORONTO, Feb. 26, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of a portfolio of twenty-one properties in six urban centres in the Netherlands totaling 511 residential suites for a purchase price of €98.0 million. The portfolio consists of 431 single family… [Read More]