Canada's largest publicly traded apartment real estate investment trust is paying $159 million for the remaining 50% interest in a portfolio of 787 suites it has owned since 2008, a move that came amid signs of improving rental rates.
CAPREIT Buys Out 50% Partner in $159 Million Deal as Apartment Rents Jump
CEO Mark Kenney Says Market Has Produced More Investor Demand During Pandemic
By Garry Marr
CoStar News
September 1, 2021 | 9:46 P.M.
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IN THIS ARTICLE
- Properties
- Deerford Road Apartments
12 Deerford Rd, Toronto, ON
- Park Vista Apartments
2 Park Vista, Toronto, ON
- Willowood Townhomes
4 Sandbar Willoway, Toronto, ON
- Chaplin Crescent Apartments
321 Chaplin Cres, Toronto, ON
- Silverstone Townhomes
282 Silverstone Dr, Toronto, ON
- Companies
- Canadian Apartment Properties REIT
Real Estate