CAPREIT

Canadian Apartment Properties REIT
Company typePublic (REIT)
TSX: CAR.UN
S&P/TSX 60 component
IndustryReal Estate
FoundedMay 21, 1997 (1997-05-21)
FounderThomas Schwartz
Headquarters
Toronto, Ontario
,
Canada
Key people
Dr. Gina P. Cody (Chair of the Board)[1]
Mark Kenney (President & CEO)[1]
RevenueIncrease Can$933.1 million (2021)[1]
Increase Can$535.2 million (2021)[1]
Increase Can$1.4 billion (2021)[1]
Total assetsIncrease Can$17.7 billion (2021)[1]
Total equityIncrease Can$10.4 billion (2021)[1]
Number of employees
28,500
Websitewww.capreit.ca

Canadian Apartment Properties REIT (CAPREIT) is a Canadian real estate investment trust headquartered in Toronto, Ontario, Canada. CAPREIT is the largest publicly traded apartment landlord in Canada, with over $17.7 billion in assets, as of December 2021.[1] As of 2022, CAPREIT owns or has interests in approximately 67,000 residential apartments, townhomes and manufactured housing units across Canada, the Netherlands and Ireland.[1]

CAPREIT financialized the trailer park concept beginning with an acquisition in 2007 which grew to 6,456 “manufactured home community” (MHC) suites by 2017. [2][3] Paid $500 million in 2004 to acquire smaller rival [4] Residential Equities Real Estate Investment Trust. At the time of the merger the company had 24,238 rental apartments and townhouse units across the country.[5] It became associated with Montreal Olympic Village in 2012.[6] In 2019 the company spun-off 2000 rental units in the Netherlands, into a separate European-focused REIT (Canada's first).[1]

  • CAPREIT was added to the TSX 60 index on June 22, 2020.
  1. ^ a b c d e f g h i "CAPREIT Annual Report 2021" (PDF). CAPREIT. 2022-02-23. Archived (PDF) from the original on 2022-07-12. Retrieved 2022-08-24.
  2. ^ Cite error: The named reference journalurbanaffairs was invoked but never defined (see the help page).
  3. ^ "CAPREIT acquires major manufactured home communities portfolio" (Press release). June 1, 2012. Archived from the original on October 22, 2023. Retrieved December 23, 2020.
  4. ^ Church, Elizabeth (March 31, 2004). "REIT merger may signal new era of consolidation". The Globe and Mail.
  5. ^ "reits in 1 billion dollar merger". 2004. Archived from the original on 2023-11-09. Retrieved 2020-12-23.
  6. ^ "Tshuva's Elad sells Montreal's Olympic Village". 2012. Archived from the original on 2023-11-09. Retrieved 2020-12-27.