The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has entered into a mutually beneficial agreement with Irish Residential Properties REIT plc (I-RES) in which both companies will have the opportunity to acquire properties from one another. For up to one year, CAPREIT will have access to €150 million to acquire high quality Irish properties and, once funding has been sourced, I-RES will be able to acquire CAPREIT properties.

Tom Schwartz knows a good investment when he sees it. As the president and CEO of CAPREIT, the company’s 2012 acquisitions included 7,000 units – CAPREIT's best year since 2004.

CAPREIT is one of Canada’s largest REITs and possibly the only one whose investments reach from the Eastern coast in Halifax, to the Western coast in Victoria, with all major Canadian cities in between represented in its portfolio.