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Canadian Apartment Properties REIT acquires Prince Edward Island asset

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IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

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Canadian Apartment Properties REIT acquires Prince Edward Island asset

Canadian Apartment Properties Real Estate Investment Trust bought the four-story Tides waterfront apartment property totaling 64 units in Summerside, Prince Edward Island, for approximately C$11.6 million.

The company financed the purchase of 100%-occupied property with its acquisition and operating credit facility.