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CAPREIT Announces $297 Million in New Strategic Repositioning Since Q2 2025
Globenewswire·2025-09-03 21:15

Core Insights - CAPREIT has made significant investments in the Canadian housing market, acquiring five rental apartment properties for a total of $214.0 million and disposing of two non-core properties for $82.5 million in 2025 [1][10] Acquisition Details - In the third quarter of 2025, CAPREIT completed the acquisition of three high-quality rental properties, including a 30-suite property in West Vancouver for $13.0 million, a 121-suite property in Montréal for $54.5 million, and a 31-suite property in Vancouver for $14.0 million [2] - CAPREIT has entered into agreements to purchase additional properties, including a 320-suite property in Regina for $76.3 million and 162 townhome suites in London for $56.2 million [2] Disposition Strategy - CAPREIT has executed a strategy of trading low cash flow yield properties for premium rental apartments in desirable neighborhoods, enhancing portfolio quality and cash flow [10] - The company has raised $357 million through non-core property dispositions to fund its acquisitions, totaling $366 million in investments in 2025 [10] Portfolio Overview - As of June 30, 2025, CAPREIT owns approximately 45,400 residential apartment suites and townhomes with a total fair value of approximately $14.5 billion [11]