RioCan REIT sells C$178 million residential community to CAPREIT

Goodmans LLP represented RioCan Real Estate Investment Trust in the C$178 million sale of a 436-suite rental community in Laval to CAPREIT, successfully closing the transaction in under 30 business days.

The newly built rental property in Laval is a prime location in the Greater Montréal Area of Québec.

RioCan is one of Canada’s largest real estate investment trusts.

CAPREIT is Canada's largest publicly traded provider of quality rental housing.