Multi-Residential Sector

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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.