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CAPREIT Completes Property Acquisitions in the Netherlands

DATE POSTED:December 5, 2018

TORONTO, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of a portfolio of seven properties in five urban centres in the Netherlands totaling 376 residential suites. The portfolio consists of 294 single family rental homes and 82 multi-family rental suites, with the purchase price of €60.0 million.