Canadian Apartment Properties Real Estate Investment trust reported a 10.6% and 15.7% increase in revenues for Q4 and year-end Dec. 31, 2013. President Thomas Schwartz points to continued strong occupancies (98% among their portfolio) and increases in average monthly rents (up 2.9% in 2013 over 2012) as the big factors. CAPREIT also acquired 4,931 apartment suites and MHC sites in 2013, adding them to a portfolio near urban centres across Canada and in Dublin, Ireland. Snapped is Somerset Place Apartments in Mississauga.
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories
)
)
)
)
)
)
)
)
)
)
)
)