Canadian Apartment Properties (CAP) REIT of Canada owns and operates a portfolio of real estate primarily around larger urban markets that includes apartments and townhomes as well as 14 manufactured housing communities (MHC) comprised of 3,370 homesites. As seekingalpha informs MHProNews Cap REIT reduces financial risk by having 38,000 residential units that range from the affordable to mid-tier to luxury and through geographic diversification across Canada. With a historic occupancy rate of nearly 99 percent, a $2.1 billion capitalization rate, a recent acquisition of rental property in Dublin, Ireland and with numbers from Q2 2013 showing revenues and net operating income both up over 20 percent, the commentator says Cap REIT is a good option for exposure to recovery in the rental market in the Canada.
