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Canadian Apartment Properties REIT (CAR-UN-T) has announced that one of its senior executives, chief investment officer Julian Schonfeldt, is leaving this spring after a "distinguished career" at the trust.
Schonfeldt has been at CAPREIT since 2022, when he was hired as its inaugural chief investment officer. He is scheduled to depart on or about April 30 to pursue new opportunities.
“It is with sincere gratitude that we announce Julian’s departure, after several years of exceptional service,” CAPREIT president and chief executive officer Mark Kenney said in Tuesday’s announcement. “Julian has significantly advanced our strategic goals, and we celebrate his contributions while wishing him continued success in his future endeavours.”
Schonfeldt brought extensive capital markets expertise into CAPREIT when he was hired from his previous role as managing director in the Global Investment Banking Group at RBC Capital Markets. He played a key role in advancing CAPREIT’s strategic initiatives, including acquisitions, dispositions, capital allocation, development and investor relations.
Schonfeldt's career, and time at CAPREIT
During his tenure at CAPREIT, Schonfeldt executed over $6 billion of transactions as the REIT has continually refined its property portfolio to maximize returns in response to evolving business conditions.
During his career, Schonfeldt has raised over $15 billion of equity and debt capital and advised on over $10 billion of M&A transactions in the real estate industry.
CAPREIT has not named a successor.
He holds a bachelor of commerce from Carleton University and holds the designations of Chartered Professional Accountant (CPA, CA), Chartered Financial Analyst (CFA), Chartered Business Valuator (CBV) and U.S. Certified Public Accountant (CPA).
CAPREIT is Canada's largest publicly traded provider of rental housing. As at Sept. 30, 2025, CAPREIT owned approximately 45,000 apartment suites and townhomes across Canada and, to a lesser extent, the Netherlands, valued at approximately $14.5 billion.
CAPREIT has been actively divesting its interests in Europe, including within its subsidiary ERES REIT, which has almost completed disposing of its portfolio of mainly multifamily assets. ERES REIT is to cease operations when the divestments are complete.
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