CAPREIT Purchases $292.5M Worth of Apartments Across Canada

CAPREIT Purchases $292.5M Worth of Apartments Across Canada
News| December 16, 2025| Monte Stewart
Canada + Apartment Buildings

Canadian Apartment Properties REIT has acquired six rental properties across Canada, the REIT announced Tuesday.

The acquisitions include a newly built, two-building rental complex in Laval, Que., comprising 436 suites constructed in 2020 and 2023, purchased for $178 million, with CAPREIT assuming a $29.5-million mortgage at an interest rate of 3.3% for a remaining term of about 7.2 years.

CAPREIT also acquired a recently constructed portfolio of three buildings totalling 187 suites in Regina, for $41 million, assuming $17.6 million in mortgage debt at a weighted average interest rate of 2.9% and a remaining term of approximately 3.8 years. In addition, the trust purchased a newly built 51-suite property in Vancouver for $35 million, assuming a $27.2-million mortgage at a 3.2% interest rate with about five years remaining to maturity.

The company further expanded its portfolio with three low-rise vintage properties in British Columbia, including a 35-suite building in Vancouver’s Mount Pleasant neighbourhood and two properties totalling 98 suites in Victoria’s James Bay area. These acquisitions were completed for combined gross consideration of $38.5 million, with $12.6 million in assumed mortgage debt at a weighted average interest rate of 2.1%.

“These transactions bring our 2025 acquisition volume to a total of $659 million in highly strategic, primely located assets, which come with low capital requirements and strong return profiles,” said Mark Kenney, president and CEO of CAPREIT. “We’re also continuing to purchase our recently constructed buildings at appealing pricing per square foot compared to replacement cost. This ongoing transformation is further strengthening the quality and cash flow performance of our irreplaceable rental apartment portfolio in Canada.”

The properties were purchased at a high-4% weighted average cap rate, with relatively attractive capex characteristics, said Julian Schonfeldt, the REIT’s chief investment officer.

“In addition, we’ve deployed capital into our [normal-course issuer bid] program at a mid-5% cap rate, with $94 million invested since the end of Q3 2025,” he said.

Pictured: Tours Chapdelaine in Quebec City

Photo: City of Quebec

Photo: CAPREIT

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up