CAPREIT acquires Ottawa apartment for $61M
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has expanded its portfolio in the nation's capital with the $61-million acquisition of Eagle Pointe apartments in suburban Ottawa.
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has expanded its portfolio in the nation's capital with the $61-million acquisition of Eagle Pointe apartments in suburban Ottawa.
The year kicked off with a unique CRE landscape. The market transitioned from the comfort of record-low interest rates to 14-year highs, while stronger-than-expected StatCan employment data in January left central bankers pondering next steps to slow inflation.