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BRIEF-Canadian Apartment Properties REIT to buy properties in Netherlands
June 30, 2017 / 12:58 PM / in 5 months

BRIEF-Canadian Apartment Properties REIT to buy properties in Netherlands

June 30 (Reuters) - Canadian Apartment Properties Real Estate Investment Trust:

* Capreit - has waived conditions and will acquire 19 properties totaling 849 residential suites located in eight cities and towns in Netherlands

* Capreit - deal for eur170.4 million

* Capreit - deal will be financed with new mortgage financing of about EUR100.8 million with weighted average term of about 7.5 years

* Capreit - will be responsible for providing property management services for new properties, exporting its proven programs to Netherlands

* Capreit-Deal will also be financed with remaining euro-based loan under credit facility, which currently has a 2-year hedged fixed interest rate of about 1.2%

* Capreit - will be establishing its own regional office in netherlands to manage portfolio Source text for Eikon: Further company coverage:

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