{"id":392271,"date":"2020-12-02T18:24:45","date_gmt":"2020-12-02T23:24:45","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392271"},"modified":"2020-12-02T18:24:45","modified_gmt":"2020-12-02T23:24:45","slug":"capreit-expands-presence-in-strong-halifax-market-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/capreit-expands-presence-in-strong-halifax-market-2\/","title":{"rendered":"CAPREIT Expands Presence in Strong Halifax Market"},"content":{"rendered":"<div class=\"mw_release\">\n<p>TORONTO, Dec.  02, 2020  (GLOBE NEWSWIRE) &#8212;  Canadian Apartment Properties Real Estate Investment Trust (\u201cCAPREIT\u201d) (TSX:CAR.UN) announced today that it has purchased a recently constructed apartment building containing 38 suites in Bedford, a suburb of Halifax, Nova Scotia. CAPREIT paid $11.9 million for the property financed by cash.<\/p>\n<p align=\"justify\">Completed in July 2020, The Madison\u2019s suites are all large two-bedroom units featuring wide plank flooring, stainless steel appliances, quartz countertops and large walk-in closets. Close to grocery stores, pharmacies, restaurants and banks, amenities include a spacious modern common room, 59 parking spaces with a car wash bay, and a fully-equipped fitness facility. Each suite is individually metered for power. Occupancy currently stands at 97.4%.<\/p>\n<p align=\"justify\">\u201cWe are pleased with the addition of this high-quality acquisition and continue to increase our presence in the very strong Halifax market,\u201d commented Mark Kenney, President and CEO. \u201cCombined with our large portfolio acquisition last year, we are among the largest providers of high-quality rental accommodation in the region.\u201d<\/p>\n<p align=\"justify\">A Media Snippet accompanying this announcement is available by clicking on the image or link below:<\/p>\n<p>\n        <a data-type=\"gnw-snippetgallery\" href=\"https:\/\/ml.globenewswire.com\/1.0\/snippet\/653\/eng\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">CAPREIT expands presence in strong Halifax market.<\/a>\n      <\/p>\n<p>\n        <strong>A<\/strong><br \/>\n        <strong>BOUT CA<\/strong><br \/>\n        <strong>PREIT<br \/><\/strong>As Canada\u2019s largest publicly-traded provider of quality rental housing, CAPREIT currently owns or has interests in approximately 67,400 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada, in the Netherlands and Ireland. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.caprent.com or www.capreit.net.<\/p>\n<p align=\"justify\">\n        <strong>CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS<\/strong><br \/>\n        <br \/>All statements in this press release that do not relate to historical facts constitute forward-looking statements. These statements represent CAPREIT&#8217;s intentions, plans, expectations and beliefs and are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR at www.sedar.com.<\/p>\n<p align=\"justify\">\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: top\">CAPREIT<br \/>Mr. Michael Stein<br \/>Chairman<br \/>(416) 861-5788<\/td>\n<td style=\"vertical-align: top\">CAPREIT<br \/>Mr. Mark Kenney<br \/>President &amp; CEO<br \/>(416) 861-9404<\/td>\n<td style=\"vertical-align: top\">CAPREIT<br \/>Mr. Scott Cryer <br \/>Chief Financial Officer<br \/>(416) 861-5771<\/td>\n<\/tr>\n<\/table>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTg3MiMzODUzOTE2IzIwMDU4Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/6bfef711-7e80-4575-8176-040fd3fd4831\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; Canadian Apartment Properties Real Estate Investment Trust (\u201cCAPREIT\u201d) (TSX:CAR.UN) announced today that it has purchased a recently constructed apartment building containing 38 suites in Bedford, a suburb of Halifax, Nova Scotia. CAPREIT paid $11.9 million for the property financed by cash. Completed in July 2020, The Madison\u2019s suites are all large two-bedroom units featuring wide plank flooring, stainless steel appliances, quartz countertops and large walk-in closets. Close to grocery stores, pharmacies, restaurants and banks, amenities include a spacious modern common room, 59 parking spaces with a car wash bay, and a fully-equipped fitness facility. Each suite is individually metered for power. Occupancy currently stands at 97.4%. \u201cWe are pleased with the addition of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/capreit-expands-presence-in-strong-halifax-market-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CAPREIT Expands Presence in Strong Halifax Market&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392271","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CAPREIT Expands Presence in Strong Halifax Market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/capreit-expands-presence-in-strong-halifax-market-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAPREIT Expands Presence in Strong Halifax Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; Canadian Apartment Properties Real Estate Investment Trust (\u201cCAPREIT\u201d) (TSX:CAR.UN) announced today that it has purchased a recently constructed apartment building containing 38 suites in Bedford, a suburb of Halifax, Nova Scotia. CAPREIT paid $11.9 million for the property financed by cash. Completed in July 2020, The Madison\u2019s suites are all large two-bedroom units featuring wide plank flooring, stainless steel appliances, quartz countertops and large walk-in closets. Close to grocery stores, pharmacies, restaurants and banks, amenities include a spacious modern common room, 59 parking spaces with a car wash bay, and a fully-equipped fitness facility. Each suite is individually metered for power. Occupancy currently stands at 97.4%. \u201cWe are pleased with the addition of &hellip; Continue reading &quot;CAPREIT Expands Presence in Strong Halifax Market&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/capreit-expands-presence-in-strong-halifax-market-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T23:24:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTg3MiMzODUzOTE2IzIwMDU4Njk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/capreit-expands-presence-in-strong-halifax-market-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/capreit-expands-presence-in-strong-halifax-market-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CAPREIT Expands Presence in Strong Halifax Market\",\"datePublished\":\"2020-12-02T23:24:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/capreit-expands-presence-in-strong-halifax-market-2\\\/\"},\"wordCount\":343,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/capreit-expands-presence-in-strong-halifax-market-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NTg3MiMzODUzOTE2IzIwMDU4Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/capreit-expands-presence-in-strong-halifax-market-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/capreit-expands-presence-in-strong-halifax-market-2\\\/\",\"name\":\"CAPREIT Expands Presence in Strong Halifax Market - 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CAPREIT paid $11.9 million for the property financed by cash. Completed in July 2020, The Madison\u2019s suites are all large two-bedroom units featuring wide plank flooring, stainless steel appliances, quartz countertops and large walk-in closets. Close to grocery stores, pharmacies, restaurants and banks, amenities include a spacious modern common room, 59 parking spaces with a car wash bay, and a fully-equipped fitness facility. Each suite is individually metered for power. 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