CAPREIT names new CEO

CAPREIT names new CEO

CAPREIT names new CEO

The board of trustees of the Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) announced that Mark Kenney has been appointed chief executive officer and board member.

Kenney joined CAPREIT in 1998 and, prior to his appointment, served as the REIT’s president and chief operating officer. He has almost three decades of experience in the multi-family real estate sector, and has held leadership stints at Realstar Management Partnership, overseeing portfolios in Western Canada and Northern Ontario, and Greenwin Property Management, and Tridel. Kenney is also a board member of the Federation of Rental-Housing Providers of Ontario and St. Hilda's Towers.

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"We are fortunate to have within our organization a high level of talent to support our succession planning," said Michael Stein, chair of the board at CAPREIT.  "Mark has led CAPREIT's operations team since day one and has a deep understanding of our industry and our organization. We look forward to our continued growth under his capable leadership."

"I am eager to take on this new role as CEO and trustee and thank the Board as well as the senior management team for their trust and confidence in my leadership," said Kenney. "Continuing our vision and building on CAPREIT's industry-leading portfolio and strong financials will be my and our talented management team's primary focus as we enter into the next chapter of growth for CAPREIT."