CAPREIT Announces $297 Million in New Strategic Repositioning Since Q2 2025

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[{"type":"text","content":"CAPREIT Announces $297 Million in New Strategic Repositioning Since Q2 2025\n\n\n\n\n\n This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated May 15, 2025, to its short form base shelf prospectus dated May 15, 2025.\n \n\n\n\n TORONTO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“\n \n CAPREIT\n \n ”) (TSX: CAR.UN) announced today that since the second quarter of 2025, it has closed on, or has entered into agreements to close on, the acquisition of five strategically aligned rental apartment properties in Canada for an aggregate purchase price of $214.0 million. CAPREIT also announced that it has closed on two non-core Canadian dispositions for combined gross proceeds of $82.5 million. All amounts disclosed herein exclude transaction costs and other customary adjustments.\n \n\n So far in the third quarter of 2025, CAPREIT has completed the acquisition of three high-quality, on-strategy Canadian rental properties:\n \n\n\n In July, CAPREIT acquired a 30-suite rental property centrally located in the highly sought-after city of West Vancouver, British Columbia. At this widely coveted location, residents enjoy unique, panoramic views of Stanley Park, Mount Baker, Vancouver Island and the North Shore Mountains. The acquisition has allowed CAPREIT to expand its presence into the most affluent municipality in Canada, where the average household net worth is in excess of $4 million, and where there is limited new construction and supply. This reinforces the value embedded in the fully leased property, providing for a stable runway of long-term growth. The property was purchased for $13.0 million, and CAPREIT assumed the existing $6.1 million mortgage, which carries interest at a stated rate of 4.1% per annum for a remaining term to maturity of approximately 8 years.\n \n\n\n\n In August, CAPREIT closed on the purchase of a 10-storey rental property containing 121 spacious, premium-quality residential suites located in Montréal, Québec. The building is primely situated in the Côte-des-Neiges-Notre-Dame-De-Grâce (CDN-NDG) borough, surrounded by a dense retail offering and located just east of Highway 15, and less than 10 minutes walking distance from De la Savane and Namu...

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