Capreit completes Netherlands Acquisition
Canadian Apartment Properties Real Estate Invesment Trust announced that it has completed of a portfolio. A portfolio has 225 single family rental homes and 120 multi family rental suites in six properties well located in three urban centres in the Netherlands totaling 345 residential rental suites for a purchase price of €55.0 million.
Capreit also announced that it has completed the previously announced acquisition of a portfolio of thirteen properties located in twelve urban centres in the Netherlands. It is total 536 residential suites for a purchase price of €107.5 million. The portfolio consists of 122 single family rental homes, 414 multi-family rental properties, and one commercial unit.
Otherwise, Capreit intends to place new local financings in the Netherlands prior to December 31, 2018.
Source: Global News Wire
Fulya Altunyay/ [email protected]