Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) acquired 291 suites located in London, Ontario from York Property Management, LLC for approximately CAD 130 million on March 28, 2024. CAPREIT additionally assumed the two existing below-market mortgages, which have a combined CAD 80.9 million in principal outstanding, a weighted average term to maturity of 2 years, and carry an attractive 2.3% blended interest rate. The residual CAD 49.1 million purchase price was funded by cash sourced from previously announced dispositions.

Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) completed the acquisition of 291 suites located in London, Ontario from York Property Management, LLC on March 28, 2024.