News
Vancouver Multifamily

CAPREIT Acquires Another B.C. Apartment Property

Canadian Apartment Properties REIT has acquired Yorkson Grove, a 58-suite luxury apartment property in Langley, in a deal worth $17M. The five-storey building, built by Quadra Homes, was completed in 2014. CAPREIT president and CEO Thomas Schwartz, noting that B.C. remains one of Canada’s strongest rental markets, said the trust is pleased to be enhancing its presence and “building our critical mass in the region.” This comes just weeks after CAPREIT acquired two apartment properties in Victoria and Langley, 140 suites total, for $18.1M.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Vancouver Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Integra Acquires Evacuated Broward Condo Complex Via Court-Ordered Auction