CAPREIT Enters Agreement with TPG Real Estate to Sell Manufactured Home Community Portfolio for $740 Million
CAPREIT Enters Agreement with TPG Real Estate to Sell Manufactured Home Community Portfolio for $740 Million
07/15/24, 11:32 AM
Money
$740 million
Type
partnership
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has entered into an agreement with an entity controlled by TPG Real Estate to sell its manufactured home community (MHC) portfolio for a gross purchase price of $740 million. The sale proceeds will be utilized for debt repayment, future acquisitions, and general business purposes.
Company Info
Additional Info
CAPREIT is Canada's largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in approximately 70,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada, in the Netherlands and Ireland with approximately $18 billion of assets under management globally. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.caprent.com or www.capreit.net and our public disclosure which can be found under our profile at www.sedar.com.