CAPREIT announces $194 million in new acquisition and disposition activity
Canadian Apartment Properties Real Estate Investment Trust announced today that it has completed two non-core dispositions in Canada for combined gross proceeds of $96.8 million, in addition to closing on the previously announced 717-suite sale in Montréal for $103.8 million. CAPREIT also announced that it has acquired two recently constructed rental apartment properties in Western Canada for an aggregate purchase price of $97.6 million. All amounts disclosed herein exclude transaction costs and other customary adjustments.