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CAPREIT Acquires British Columbia Apartment Campus for CDN 29.2m
Monday 30 November 2020

Toronto-based Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX: CAR.UN) has purchased a four-building apartment campus near Vancouver, British Columbia for CDN 29.2m (USD 22.5m) in a cash transaction, the company said.

The property contains 147 suites on 3.15 acres of land in the heart of the Maple Ridge Town Centre, just outside Vancouver, British Columbia.

CAPREIT is Canada's largest publicly-traded provider of quality rental housing.

The firm currently owns or has interests in approximately 66,900 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada, in the Netherlands and Ireland.
Date Published: 30/11/2020