CAP REIT

12:01 PM EST - CAP REIT : Announced today that it has purchased a brand-new 16-storey apartment building containing 112 suites well-located in the Greater Montreal Area municipality of Brossard Quebec. CAPREIT paid $43.5 million for the property financed in cash from its Acquisition and Operating credit facility. Occupancy at closing was 96.4%. CAP REIT
shares T.CAR.UN are trading unchanged at $60.84.