Core Viewpoint - CAPREIT has successfully sold its land lease interest in International Plaza to Nch'ḵay̓ Development Corporation for $54.2 million, marking a significant step in supporting First Nations economic leadership in Canada [1][2][3]. Group 1: Transaction Details - The property sold, International Plaza, was built in 1975 and includes 471 residential suites and 11 commercial units with over 65,000 square feet of gross leasable area [2]. - The sale price of $54.2 million excludes transaction costs and customary adjustments [2]. Group 2: Company Strategy and Vision - CAPREIT aims to contribute to the growth of First Nations representation in the residential real estate industry and enhance the quality of living for residents [3]. - The company expresses gratitude towards the Canada Mortgage and Housing Corporation for initiatives like the MLI Select Program that facilitate such transactions [3]. Group 3: Company Overview - As of June 30, 2025, CAPREIT is Canada's largest publicly traded provider of quality rental housing, owning approximately 45,400 residential apartment suites and townhomes with a total fair value of about $14.5 billion [4].