CAPREIT Accelerates Capital Recycling With $477 Million in New Strategic Transactions

TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that, since the first quarter of 2024, it has completed six acquisitions of new build rental apartment properties in Canada for an aggregate $387.4 million. CAPREIT also announced that it has closed on, or has entered into an agreement to close on, three non-core Canadian dispositions to non-profit organizations for combined gross proceeds of $89.3 million. All amounts disclosed herein exclude transaction costs and other customary adjustments.

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