CAPREIT

𝐂𝐀𝐏𝐑𝐄𝐈𝐓 𝐀𝐧𝐧𝐨𝐧𝐜𝐞 𝐋𝐚 𝐕𝐞𝐧𝐭𝐞 À 𝐌𝐨𝐧𝐭𝐫é𝐚𝐥 𝐃’𝐚𝐜𝐭𝐢𝐟𝐬 𝐏𝐨𝐮𝐫 𝟏𝟎𝟒 𝐌𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐃𝐞 𝐃𝐨𝐥𝐥𝐚𝐫𝐬 Canadian Apartment Properties Real Estate Investment Trust annonce aujourd’hui que la Ville de Montréal a signifié son intention d’exercer sont droit de préemption dans le cadre de la vente d’un portefeuille composé de 717 unités résidentielles à Montréal, au Québec. On s’attend à ce que ce portefeuille soit vendu pour une somme, nette de certains ajustements estimés, de 103,8 millions de dollars, dont un total de 27,2 millions de dollars (M$) en hypothèque à rembourser (tous les montants excluent les coûts de transaction et autres ajustements habituels). Sous réserve de la réception de toutes les approbations légales et la satisfaction des conditions de conclusion de la transaction, cette cession devrait se conclure pendant le premier trimestre de 2025. Il n’y a aucune assurance que toutes les exigences relatives à la conclusion de la vente seront obtenues, satisfaites ou abandonnées. « Nous sommes fiers de céder ces propriétés au profit de l’initiative de la Ville de Montréal pour le logement abordable et collaborerons avec plaisir à cette importante vente », a commenté Mark Kenney, président et chef de la direction. « Contribuer à l’atténuation de la crise du logement au Canada est une priorité importante pour nous et le transfert de davantage de nos édifices à des organismes et des programmes établis ayant pour but de promouvoir un logement résidentiel de grande qualité, sécuritaire et abordable pour les Canadiens et les Canadiennes est l’une des manières dont nous pouvons apporter notre contribution. Nous nous engageons à favoriser une transaction fructueuse et harmonieuse de ce portefeuille à une administration dont l’objectif est de préserver à perpétuité l’abordabilité de ces habitations, en même temps que la jouissance paisible, la sécurité et la satisfaction de leurs habitants. » Pour plus de renseignements: https://bit.ly/4gHbSll

𝐂𝐀𝐏𝐑𝐄𝐈𝐓 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 $𝟏𝟎𝟒 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐝𝐢𝐬𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐢𝐧 𝐌𝐨𝐧𝐭𝐫é𝐚𝐥 Canadian Apartment Properties Real Estate Investment Trust announced that the City of Montréal has announced its intention to exercise its pre-emptive right with respect to the sale of a portfolio containing 717 residential suites located in Montréal, Québec. The portfolio is expected to be sold for a price, net of certain estimated adjustments, of $103.8 million, with $27.2 million in total mortgage debt to be repaid (all amounts excluding transaction costs and other customary adjustments). Subject to the receipt of all regulatory approvals and satisfaction of closing conditions, the disposition is expected to close in the first quarter of 2025. There can be no assurance that all requirements for closing will be obtained, satisfied or waived. “We’re proud to be passing along these properties to the City of Montréal’s affordable housing initiative, and we’re looking forward to collaborating on this important sale,” commented Mark Kenney, President and Chief Executive Officer. “Contributing to the alleviation of Canada’s housing crisis is a key priority for us, and transferring more of our buildings to organizations and programs established to promote high-quality, safe and affordable residential housing for Canadians is one of the ways in which we can help with the solution. We are committed to ensuring a smooth and successful transition of this portfolio to an administration focused on preserving the affordability of these homes in perpetuity, alongside the enjoyment, safety and satisfaction of its residents.” For details please see: https://bit.ly/4021oY3

🔑 Introducing Keys for Impact: Turning New Residencies into Results! 🔑 As part of our CAPGiving initiative, Keys for Impact is a campaign designed to create tangible change in the local communities. With every new rental, CAPREIT directs a portion of the revenue to support select charitable organizations that align with our with our own commitment to giving back. By focusing on critical causes across Canada, we’re amplifying our efforts to make a real difference for those who need it most. This initiative is more than a campaign—it’s a testament to our shared commitment to giving back. Together, we’re building stronger communities, one new lease at a time. 💙 Learn more about Keys for Impact here: https://bit.ly/4id2s2F #CAPGiving #KeysForImpact #CommunityMatters #MakingADifference #GivingBack

Last night, the property management team at The Onyx in #Montreal, #Quebec hosted a sweet and cozy Hot Chocolate Bar event for our wonderful residents. It was a delightful way to warm up and connect as a #community. Thank you to everyone who attended— we love creating moments like these for you. #HappyHolidays! #GoodNews #CAPStory

Hier soir, l'équipe de gestion immobilière de l'Onyx à #Montréal, #Québec, a organisé un événement de bar à chocolat chaud doux et chaleureux pour nos merveilleux locataires. Ce fut une agréable façon de se réchauffer et de se connecter en tant que #communauté. Merci à tous ceux qui ont participé - nous aimons créer des moments comme ceux-ci pour vous. #Joyeuses Fêtes! #BonnesNouvelles #CAPStory

🎉 Meet the Charities Supported by CAPGiving! 🎉 Our employees actively choose the causes we support, empowering them to give back in ways that are meaningful to them, whether through fundraising or volunteering their time. These charities, whose missions align with our own commitment to giving back, are making a real difference across Canada, and we’re proud to partner with them through CAPGiving to create meaningful change. Together, we’re building stronger communities and brighter futures. 💙 Learn more about the initiative here: https://bit.ly/4id2s2F #CAPGiving #MakingAnImpact #CommunityMatters #GivingBack

CAPREIT had the privilege of connecting with Queen's University students at the Queen's Real Estate Conference this November! Our Investments and Strategic Finance team shared insights on the acquisition lifecycle, followed by an exciting case competition focused on our 1770 Pendrell Street asset in Vancouver. Congratulations to the winners for their impressive skills! Huge thanks to QRIA for hosting and to the students for their engagement and creativity. #RealEstate #FutureLeaders #Queen’sUniversity #CaseCompetition

🎙️ Voices of CAPREIT featuring Mark Kenney (Part 2) Behind Mark Kenney’s dynamic leadership is a genuine curiosity and enthusiasm for innovation. In our #VoicesofCAPREIT segment, he shares how he personally inspires continuous improvement within the company, and how he stays connected with the incredible work done by all teams. Plus, ever wondered what it would be like to step into someone else’s shoes at CAPREIT? Mark shares which role he’d swap for a day and why. #Leadership #CAPREITCommunity #OurVoicesOurStories

The FRPO MAC Awards celebrated excellence in the rental housing industry, highlighting remarkable achievements across the sector. 🏆 A heartfelt congratulations to all the winners and finalists who continue to set new standards of innovation and dedication. A special acknowledgment to Margaret Herd, the first-ever woman to receive the prestigious Lifetime Achievement Award – a truly historic milestone. We are proud to have been finalists for Best Amenities - Renovation for the transformation of Sherobee’s change room, reflecting our ongoing commitment to elevating resident experiences. Thank you to FRPO for hosting an inspiring evening and to guest speaker Graham Chittenden for providing plenty of laughter. Here’s to continued collaboration and excellence in the year ahead! #FRPOMAC2024 #ExcellenceInHousing #ProudFinalists #CelebratingSuccess Federation of Rental-housing Providers of Ontario (FRPO) Dan Mack Tanya Makkar rhodora dorado Suresh K. Nalliah Joanna Michel Sunny Hansra Nick Savino, CPM, CIH(C) LEED Green Associate Adelia Machado Jose Rivera

🎄 Spreading Holiday Cheer at Our Tree Trimming Party! 🎄 Last week, we kicked off the festive season with a special Tree Trimming Party at our office, complete with hot chocolate, treats, and holiday cheer. We’re excited to support the Daily Bread Food Bank through a meaningful food drive. With so many in our community relying on food banks, we’re coming together as a team to make a difference this holiday season. Stay tuned as we continue to share how we’re giving back and spreading kindness this year. 💛 #HolidayGiving #TreeTrimming #DailyBreadFoodBank #CAPGiving Adelia Machado