DigitalJournal tells MHProNews.com Killam Properties, one of the largest MHC owners in Canada, has sold a portfolio of 12 manufactured home communities comprising 2,032 home sites to Canadian Apartment Properties Real Estate Investment Trust (CAPREIT). The transaction increases CAPREIT’s holdings to 14 MHCs and 3,365 home sites. In a related deal, Killam acquired from CAPREIT a 199-suite apartment property in Toronto for $33.5 million. Thomas Schwartz, president and CEO of CAPREIT, says MHCs now account for 10.3 percent of the company’s portfolio. The newly-acquired communities are in British Columbia, Saskatchewan, Ontario, and Alberta.
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