BRIEF-CAPREIT Announces Strategic Sale of MHC Portfolio for $740 Mln-March 2024-www.financetom.com

BRIEF-CAPREIT Announces Strategic Sale of MHC Portfolio for $740 Mln

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BRIEF-CAPREIT Announces Strategic Sale of MHC Portfolio for $740 Mln

Jul 15, 2024 5:02 AM

July 15 (Reuters) - Canadian Apartment Properties Real

Estate Investment Trust:

* ANNOUNCES STRATEGIC SALE OF MHC PORTFOLIO FOR $740 MILLION

* CANADIAN APARTMENT PROPERTIES REAL ESTATE INVESTMENT TRUST

SALE INCLUDES $140.0 MILLION VENDOR TAKE-BACK LOAN

* AGREEMENT WITH AN ENTITY CONTROLLED BY TPG REAL ESTATE

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