Markets

CAPREIT sells properties in Canada and acquires new ones to enhance portfolio diversification

by MarketNewsData

From GlobeNewswire: 2025-02-10 17:00:09

CAPREIT completes two non-core dispositions in Canada for $96.8 million and sells 717-suite in Montréal for $103.8 million. Additionally, acquires two rental properties in Western Canada for $97.6 million. In January, sold portfolio in Brampton for $73.8 million and Charlottetown portfolio for $23.0 million. Acquired a 41-suite property in Vancouver for $18.2 million and a 240-suite property in Edmonton for $79.4 million. CAPREIT aims to enhance its portfolio quality and diversification in Canada through strategic transactions. The company’s current focus is on upgrading existing properties and acquiring new purpose-built rentals.



Read more at GlobeNewswire: CAPREIT Announces $194 Million in New Acquisition and

You may also like