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11 Church St., Ste. 401 Toronto, Ontario M5E 1W1, Canada Tel. 416-861-9404 Fax 416-861-9209 |
Type: Public
On the web:
http://www.capreit.net
Employees:
734
Employee growth: (10.5%)
Apart from apartments, Canadian Apartment Properties Real Estate Investment Trust doesn't have much on its mind. Known as CAPREIT, the company invests in multi-family real estate. Its portfolio contains some 28,000 residential units in apartment buildings and townhouse complexes in urban areas across the country. As part of its diversified strategy, CAPREIT's properties vary from affordable housing to luxury suites. The company also owns two Ontario adult lifestyle communities with more than 1,200 land lease sites. CAPREIT restructured to qualify as a real estate investment trust under Canadian tax laws at the end of 2010.
Key numbers for fiscal year ending December, 2010:
Sales: $333.4M
One year growth: 5.7%
Net income: $63.3M
Income growth: 322.7%
Officers:
Chairman: Michael Stein
President, CEO, and Director: Thomas Schwartz
COO: Mark Kenney
Competitors:
Boardwalk Real Estate
Killam
Mainstreet
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