CAPREIT Announces Appointment of Mark Kenney as President

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[{"type":"text","content":"\n\n\n\nCAPREIT Announces Appointment of Mark Kenney as President\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Nov. 14, 2018\n\n\n\nTORONTO, Nov. 14, 2018 /CNW/ - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (\"CAPREIT\") today announced that Mark Kenney has been appointed President of CAPREIT, in addition to his current role of Chief Operating Officer, effective today. \nMr. Kenney joined CAPREIT in 1998 and, since that time, has been actively involved in creating and implementing the REIT's policy, directing the property management team, and overseeing the marketing, procurement, development and acquisitions departments. As COO, Mr. Kenney oversees all of CAPREIT's operations in Canada and Europe. \n\"Today's announcement supports the Board of Trustees' succession planning process and facilitates CAPREIT's strategy to increase unitholder value,\" said Michael Stein, Chairman of the Board. \"Mark has nearly three decades of experience in the multi-family sector, as well as extensive financial and operating experience at the executive level. He is a proven leader with a deep understanding of our business operations and the evolving industry landscape. Together with CAPREIT's skilled leadership team, we believe Mark is well suited to help CAPREIT further evaluate options for enhancing unitholder value and achieve its next phase of growth.\"\n\"Throughout his 20 year tenure with CAPREIT, Mark has been central to creating and implementing the initiatives that have contributed to its success,\" said David Ehrlich, Chief Executive Officer. \"I am confident that Mark will thrive in his new role as CAPREIT continues to execute on its strategic and financial objectives.\"\n\"I am honored to assume the role of President of CAPREIT and thank the Board for its confidence in my leadership,\" added Mr. Kenney. \"CAPREIT's industry-leading portfolio, strong financials and talented team have positioned us for continued success. I am excited to continue working with the exceptional CAPREIT team as we grow and strengthen the REIT....

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