CAPREIT’s investment strategy is primarily focused on markets that exhibit strong demand for multifamily housing. These markets range from those exhibiting growth in employment, population, construction, and household formation, to those that historically have shown narrow economic swings during the business cycle.

CAPREIT has a competitive advantage over most potential purchasers of multifamily apartment properties. The company’s acquisition team has a strong record of acquiring quality residential real estate and enjoys a deserved reputation for integrity and candor throughout the industry. With a thorough knowledge of local markets and a demonstrated entrepreneurial drive, CAPREIT’s acquisition team moves quickly to identify opportunities, conduct prudent due diligence and efficiently close transactions designed to enhance the company’s long-term value.

CAPREIT is recognized as one of the nation’s experts in the acquisition of multifamily properties constructed and financed through the issuance of tax-exempt multifamily housing revenue bonds. Since its inception, CAPREIT has acquired over $1.5 Billion of properties financed with tax-exempt bonds. CAPREIT’s acquisition team has amassed extensive experience in the detailed undertakings of completing such transactions, including working directly with municipal and state issuing authorities, bond trustees, and monitoring agents to close these transactions in a timely and efficient manner. CAPREIT’s sophistication in this niche market has allowed the company to acquire and reposition many properties within its portfolio. More than half of the properties owned by CAPREIT have tax-exempt bond financing in place.

CAPREIT’s portfolio management is focused on optimizing performance through pro-active, service-oriented property management. In striving to maximize net operating income and asset value, CAPREIT’s management team emphasizes four chief priorities: resident satisfaction and retention, asset preservation and maintenance, consistently high occupancies, and cost containment.

CAPREIT is not resting on its laurels. The company is poised to continue growing and improving the performance of its core portfolio. The steady increase in household formations, the overall moderate levels of new multifamily apartment construction, and CAPREIT’s dedication to resident satisfaction have all contributed to the high occupancy rates in the CAPREIT portfolio. Economic expansion creates the conditions for increased demand for high quality rental housing, allowing for rental increases and enhanced portfolio value. CAPREIT has the housing expertise to effectively capitalize on this environment, the critical mass to operate efficiently, the dedication to perform, and the resources to continue to grow and remain strong and prosperous. More than ever before, CAPREIT is favorably positioned to continue building its leadership role in the multifamily housing industry well into the new millennium.