It took more than 15 years, but Canada's largest publicly traded apartment owner has purchased 11 properties whose operating leases it inherited through a $1 billion merger with Residential Equities Real Estate Investment Trust in 2004.
Canada's Largest Apartment REIT Buys Out 11 Operating Leases
Firm Has Deal to Spend $154 Million on Properties Expected to Create Liquidity Through Debt Financing
By Garry Marr
CoStar News
June 10, 2020 | 9:40 P.M.
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IN THIS ARTICLE
- Properties
- Broadway Apartments
124 Broadway Ave, Toronto, ON
- Isabella Apartments
88 Isabella St, Toronto, ON
- Murray Ross Apartments
500 Murray Ross Pky, Toronto, ON
- San Romanoway Apartments
10 San Romanoway, Toronto, ON
- Yonge Eglinton Apartments – Duplex
411 Duplex Av, Toronto, ON
- Companies
- Canadian Apartment Properties REIT
Real Estate