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Posted in Appraisal, CMHC, Finance, Housing, Industry Trends, Newsworthy


CAPREIT announces public unit financing of $350 million and six new multi-residential acquisitions

Mark Kenney, President and CEO of CAPREIT, said “In addition to making some fine acquisitions, this equity offering will de-lever CAPREIT’s balance sheet and reload our credit facility, providing productive financing capacity to allow us to capitalize on exciting future acquisition and intensification opportunities, which are expected to be accretive to CAPREIT’s NFFO on a leverage-neutral basis.  [READ MORE]

CAPREIT Completes Greater Montreal Area Apartment Acquisition & First Operating Lease Buyout

“We continue to strengthen and modernize our portfolio with the acquisition of new and recently constructed properties such as REZ Boisbriand. We are confident this attractive and well-appointed property will see high demand and will benefit from our strong and proven Montreal management team,” commented Mark Kenney, President and CEO. [READ MORE]