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Apartment REITs See More Rising Rents

Canada's Largest Residential Landlord Looks to Sell Affordable Older Units to Government
Hub Place in Vancouver is one of Canadian Apartment Properties' newer buildings, part of its strategy to lower the age of properties in the REIT's portfolio. (Justin Eckersall/CoStar)
Hub Place in Vancouver is one of Canadian Apartment Properties' newer buildings, part of its strategy to lower the age of properties in the REIT's portfolio. (Justin Eckersall/CoStar)
CoStar News
May 13, 2024 | 9:24 P.M.

Canadian Apartment Properties, the country's largest apartment real estate investment trust, plans to keep trying to reduce the age of its portfolio and has a ready and willing buyer for its older buildings: the government.

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