CAPREIT Deploys $293 Million Into Strategic Acquisitions

About this update from Canadian Apartment Properties Real Estate Investment Trust

[{"type":"text","content":"CAPREIT Deploys $293 Million Into Strategic Acquisitions\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\n\n Not for distribution to U.S. newswire services or for dissemination in the United States.\n \n\n\n\n TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“\n \n CAPREIT\n \n ”) (TSX:CAR.UN) announced today that since its last update on November 6, 2025, it has closed on the acquisition of six strategically aligned rental properties in Canada for combined gross consideration of $292.5 million. CAPREIT also announced that, as of today, it has deployed approximately $94.0 million into its Normal Course Issuer Bid (“\n \n NCIB\n \n ”) program since the end of Q3 2025. All amounts disclosed herein exclude transaction costs and other customary adjustments.\n \n\n Yesterday, CAPREIT completed the acquisition of a newly built rental property located in Laval, a suburb in the Greater Montréal Area of Québec. Constructed in 2020 and 2023, the two-building complex contains 436 modern residential suites with large layouts and a wide range of amenities for residents to enjoy. The premium-quality site is situated in close walking proximity to Marché 440 public market and nearby CF Carrefour Laval. It is also a 5-minute drive to Highways 15 and 440 and less than 10 minutes to Montmorency metro station, providing easy access to downtown Montréal. The recently constructed property was purchased for $178.0 million, with CAPREIT assuming the $29.5 million mortgage, which carries interest at an annual rate of 3.3% for a remaining term to maturity of approximately 7.2 years.\n \n\n\n\n\n\n\n A Media Snippet accompanying this announcement is available by clicking on this link.\n \n\n\n CAPREIT also closed yesterday on the acquisition of a recently constructed portfolio comprising 187 residential suites in Regina, Saskatchewan. The properties were built between 2012 and 2015 in the Hawkstone and Skyview neighbourhoods, surrounded by parks, playgrounds, restaurants, stores, services and future schools. The three buildings were acquired for a purchase price of $41.0 m...

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