The Canadian Apartment Properties REIT (CAPREIT) continues to executive its strategy of trimming aging “non-strategic” assets from its portfolio.

The Toronto-based apartment REIT this week closed on the sale of its 50% non-managing interest in three jointly owned Ottawa rental properties encompassing 1,150 units for $102M, in addition to its share of the combined balance of about $29M remaining on the mortgage for the assets.

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