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Canadian Apartment Properties Sells Older Real Estate, Hunts for New Opportunities

REIT to Sell Off Toronto Property While Buying in Montreal Suburbs and Edmonton as Part of Repositioning
Canadian Apartment Properties has bought this 65-unit building in Edmonton as it looks to expand across the country while also selling older buildings to buy new ones. (CAPREIT)
Canadian Apartment Properties has bought this 65-unit building in Edmonton as it looks to expand across the country while also selling older buildings to buy new ones. (CAPREIT)
CoStar News
August 4, 2022 | 11:05 P.M.

Canada's largest publicly traded apartment real estate investment trust will continue its strategy of selling off property to buy back its stock, but Canadian Apartment Properties REIT is also still on the hunt for new assets as it looks to expand its geographic footprint outside Toronto.

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