Canadian Apartment Properties Real Estate Investment Trust
About the Company
Apart from apartments, Canadian Apartment Properties Real Estate Investment Trust doesn’t have much on its mind. Known as CAPREIT, the company invests in multi-family real estate. Its portfolio includes stakes in more than 41,400 residential units in apartment buildings and townhouse complexes in urban areas across the country, as well as about 30 manufactured home communities with land lease sites. As part of its diversified strategy, CAPREIT’s properties vary from affordable housing to luxury suites. The company restructured at the end of 2010 to qualify as a real estate investment trust under Canadian tax laws.