As part of the agreement it signed last year with Killam Properties of Canada, Kuwait Finance House (KFH) announces it has acquired its second residential property in Canada, the 146 unit Kanata Lakes Apartments in Ottawa, for $42.5 million. As ArabianBusiness tells MHProNews.com, the first joint venture with Killam was a 127-unit complex in London, Ontario for $32.5 million purchased Dec. 2011. Killam is one of the largest owners of manufactured housing communities in Canada.

(Photo credit: ArabianBusiness)