TPG Real Estate to acquire MHC from CAPREIT for $740m.

TPG Real Estate, a real estate equity investment platform, to acquire MHC from CAPREIT, publicly traded provider of quality rental housing, for $740m. “We look forward to a smooth and successful transition with TPG Real Estate. TPG Real Estate has advised CAPREIT that, as a longstanding investor in the Canadian real estate sector, it intends to partner with the existing team to manage and grow the MHC portfolio going forward,” Mark Kenney, CAPREIT CEO.