I-RES

dublin_ireland

Canadian Apartment Magazine

CAPREIT acquires Dublin apartment portfolio

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired an apartment portfolio in Dublin, Ireland, consisting of 270 residential suites and 50,214 square feet of mixed-use commercial space. The Rockbrook Portfolio, which was purchased for € 87.3-million, is the first acquisition that CAPREIT has completed under the previously announced “Pipeline Agreement” with Irish Residential Properties REIT plc (I-RES).
dublin_ireland

Canadian Apartment Magazine

CAPREIT and I-RES enter acquisition agreement

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has entered into a mutually beneficial agreement with Irish Residential Properties REIT plc (I-RES) in which both companies will have the opportunity to acquire properties from one another. For up to one year, CAPREIT will have access to €150 million to acquire high quality Irish properties and, once funding has been sourced, I-RES will be able to acquire CAPREIT properties.