11:41 AM EST - Canadian Apartment Properties REIT : announced today that it has entered into an agreement to acquire 3,562 apartment suites in 14 properties in the Greater Toronto Area, Southwestern Ontario, Montreal, Quebec City and Halifax and to sell approximately 6,850,000 units at a price of $22.75 per unit for gross proceeds of approximately $155.8 million to partially finance the purchase of the Acquisition Properties. Canadian Apartment Properties Real Estate Investment Trust
shares T.CAR.UN are trading down $0.40 at $22.80.
