On December 6, 2019, the Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) completed it $490 million public equity offering led by RBC Capital Markets. The funding will be used to finance the REIT’s acquisition of unencumbered multi-residential properties, repay previous acquisitions, finance existing operating lease buyouts and fund future acquisitions along with intensification opportunities within CAPREIT’s portfolio and for revenue-enhancing capital expenditures.
CAPREIT is a growth-oriented investment trust specializing in sites across Canada, the Netherlands and Ireland. CAPREIT has a focus on investments in residential units and suites along with manufactured home communities located in and near major urban centres.
RBC Capital Markets is a global investment firm with a focus on providing services in banking, finance, and capital markets to corporations, institutional investors, asset managers, and governments.
Osler, Hoskin & Harcourt LLP advised RBC Capital Markets with a team consisting of Christopher Murray, Rosalind Hunter (Corporate), David Davachi (Tax), Patrick Welsh (Regulatory, Environmental, Aboriginal and Land) and Claire Dunn (Corporate).