CEO selling at Cdn Apartment Properties (CAR)

CEO selling at Cdn Apartment Properties (T:CAR)

Thomas Schwartz, CEO and Director, exercised 224,250 Options and sold the same number of Trust Units on a direct ownership basis at prices ranging from $33.958 to $33.960 between June 5th and  6th, 2017. This represents a $7,615,354 divestment of the company's shares and an account share holdings change of -35.4%.

Cdn Apartment Properties is in the Residential REITs Sub Industry Group under the Financials Sector.

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT's investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio. CAPREIT owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) located in and near urban centers in Canada. CAPREIT owns interests in approximately 46,790 residential units, consisting of over 40,501 residential suites and approximately 30 MHC's, consisting of approximately 6,290 land lease sites. CAPREIT owns leasehold interests in approximately 15 properties located in the Greater Toronto Area. The leases mature between 2033 and 2037.