Canadian Apartment (TSE:CAR.UN) has released an update.
Canadian Apartment Properties REIT (CAPREIT) has been active in the real estate market with recent strategic transactions totaling $216 million, including the sale of non-core properties for $83.5 million and the purchase of two newly constructed rental properties for $130 million. The company is streamlining its portfolio through these disposals and acquisitions, aiming to enhance its position by focusing on properties that align with its strategic goals. The sales also involved repaying outstanding mortgages, indicating a move towards financial optimization.
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