There were 14 press releases posted in the last 24 hours and 170,724 in the last 365 days.

CAPREIT Expands Presence in Calgary Market

/EIN News/ -- TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of The Carrington, a 79-suite apartment property located in the Beltline district of downtown Calgary, Alberta. Occupancy for the property currently stands at 100%. CAPREIT paid approximately $19.5 million for the property, funded by its Acquisition and Operating credit facility.

The Carrington offers larger-than-average suites, parking stalls, and storage units, providing an ideal space for families and upscale residents in the prestigious Beltline neighborhood. This attractive property, built in 1999, features average suites at 970 square feet. It contains a mix of spacious one-, two- and three-bedroom suites, all including balconies, kitchen appliances and in-suite laundry. The building is close to Calgary’s downtown core, an elementary school, numerous retail amenities, and is in proximity to public transportation to the city’s Light Rail Transit (LRT) system.

“We are pleased to be adding this high-quality property to our portfolio in a well-located area of downtown Calgary,” commented Mark Kenney, President and CEO.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

CAPREIT announces acquisition of apartment property in downtown Calgary: CAPREIT announces acquisition of apartment property in downtown Calgary

Canadian Apartment Properties REIT (“CAPREIT”) is one of Canada’s largest real estate investment trusts managing approximately 64,000 residential rental apartment and townhouse suites and manufactured home community sites in major urban centres across Canada, the Netherlands, and Ireland. For more information about CAPREIT, its business and its investment highlights, please refer to our website at or and our public disclosure at

All statements in this press release that do not relate to historical facts constitute forward-looking statements. These statements represent CAPREIT's intentions, plans, expectations and beliefs and are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR at

For more information, please contact:

Mr. Michael Stein
(416) 861-5788
Mr. Mark Kenney
President & CEO
(416) 861-9404
Mr. Scott Cryer
Chief Financial Officer
(416) 861-5771

Primary Logo

EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.