Canadian Apartment Properties REIT Acquires Quebec Properties

Canadian Apartment Properties Real Estate Investment Trust acquired seven Quebec City residential complexes from Casot Ltée. for a total purchase price of $42.5 million. The deal closed on December 16. 2002.

The REIT was represented in Ontario by Ken Karp and David Ehrlich of Goodmans LLP. and in Quebec by Viateur Chénard and Valérie Mac-Seing of Stikeman Elliott LLP. Casot was represented by Sébastien Boucher of Flynn. Rivard in Quebec.