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CAPREIT Buys The Carrington to Expand Calgary Footprint

Toronto-based REIT Nearing Acquisition of 9,000 Suites in 2019
The Carrington at 1017 11 Avenue SW in Calgary. (CAPREIT)
The Carrington at 1017 11 Avenue SW in Calgary. (CAPREIT)
By Thomas Buchanan
CoStar Research
December 16, 2019 | 9:34 P.M.

Toronto-based Canadian Apartment Properties REIT recently acquired The Carrington, a fully occupied rental apartment complex at 1017 11 Avenue SW in Calgary for $19.5 million, or approximately $246,835 per unit.

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