Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) acquired 48-suite residential property in Esquimalt, British Columbia for CAD 22.5 million in November 2023. Transaction was funded using cash from net disposition proceeds, with an estimated CAD 13.0 million in mortgage financing expected to be secured in the short-term.

Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) completed the acquisition of 48-suite residential property in Esquimalt, British Columbia in November 2023.