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Canadian Apartment Properties buys Dutch rental assets for €164M
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Canadian Apartment Properties Real Estate Investment Trust acquired a roughly 98%-leased portfolio of 18 Dutch residential rental assets for €163.8 million.
The acquisition of the portfolio, totaling 942 residential suites across seven urban growth markets, was funded by the company's euro acquisition and operating facility.
Approximately 91% of the properties have been constructed since 1970.