Canadian Apartment (TSE:CAR.UN) has released an update.
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Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has successfully sold a portion of its manufactured home community portfolio for $715 million and plans to complete the sale of remaining lots in early 2025. The company also announced a special distribution from its European Residential Real Estate Investment Trust holdings, utilizing proceeds to repay debt and fund future acquisitions in Canada. Additionally, CAPREIT declared a special non-cash distribution to its Unitholders, reflecting capital gains realized throughout the year.
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