CAPREIT Advances Toronto Operating Lease Buyout Strategy

TORONTO, June 03, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has agreed to prepay the buyout of eight operating leases (8 Lease Buyouts) for eight properties in Toronto, which are expected to close by June 30, 2020.