Canada's largest publicly traded apartment owner said it completed the sale of a 50% non-managing interest in three jointly owned properties in Ottawa for $136.25 million, the latest move by Canadian Apartment Properties to sell non-core assets.
Canadian Apartment Properties Sheds More Older Buildings
REIT Sells 50% Interest in Ottawa Portfolio To Support Capital Recycling and Asset Management Initiatives
By Garry Marr
CoStar NewsJanuary 26, 2023 | 10:12 P.M.
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IN THIS ARTICLE
- Properties
- Alta Vista Towers Apartments
1525 Alta Vista Dr, Ottawa, ON
- Companies
- Canadian Apartment Properties REIT
Real Estate