{"success":true,"data":{"pressRelease":{"id":"128024","rtpr_id":"nGNX2mbkZW","ticker":"CAR_U","exchange":"TSX","all_tickers":["CAR_U"],"title":"CAPREIT Announces Appointment of James Lawrence as Chief Operating Officer","author":"Globe Newswire","published_at":"2026-08-26T11:30:00.161Z","article_body":"This news release constitutes a “designated news release” for the purposes\nof CAPREIT’s prospectus supplement dated May 15, 2025, to its short form\nbase shelf prospectus dated May 15, 2025.\n\nNot for distribution to U.S. newswire services or for dissemination in the\nUnited States.\n\nTORONTO, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real\nEstate Investment Trust (“CAPREIT” or the “REIT”) (TSX: CAR.UN) is\npleased to announce the appointment of James Lawrence as Chief Operating\nOfficer (“COO”), effective September 1, 2026. In this position, Mr.\nLawrence will focus on strengthening CAPREIT’s operating platform by\nadvancing process standardization, technology enablement, and a people-first\napproach to operational excellence.\n\nMr. Lawrence brings more than 25 years of deep real estate experience and\nproven leadership, most recently serving as Chief Operating Officer for\nCBRE’s Property Management business in Canada. In this role, Mr. Lawrence\nwas responsible for evolving the operating model and executing planned\ninvestments to support further growth in the area. Mr. Lawrence holds an\nHonours degree in Biological Science from the University of Guelph, a Master\nof Management and Professional Accounting from the Joseph L. Rotman School of\nManagement at the University of Toronto, and holds his Chartered Professional\nAccountant (CPA, CA) designation.\n\n“James has an impressive track record of bringing together people,\ntechnology and processes to enhance performance and operational excellence.\nThat experience is highly complementary to the breadth of expertise in place\nacross CAPREIT’s senior leadership team, and will be an invaluable asset as\nwe move forward and continue to build on CAPREIT’s success,” commented\nBrad Cutsey, CAPREIT’s President and Chief Executive Officer.\n\nABOUT CAPREIT\nCAPREIT is Canada's largest publicly traded provider of quality rental\nhousing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential\napartment suites and townhomes (excluding approximately 100 suites classified\nas assets held for sale), that are well-located across Canada and, to a lesser\nextent, the Netherlands, with a total fair value of approximately $14.4\nbillion (excluding approximately $21.6 million of assets held for sale). For\nmore information about CAPREIT, its business and its investment highlights,\nplease visit our website at www.capreit.ca and our public disclosures which\ncan be found under our profile at www.sedarplus.ca.\n\nCAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION\n\nCertain statements contained in this press release constitute forward-looking\ninformation within the meaning of applicable Canadian securities laws, which\nreflect CAPREIT’s current expectations and projections about future results.\nForward-looking information generally can be identified by the use of\nforward-looking terminology such as “outlook”, “objective”, “may”,\n“will”, “expect”, “intent”, “estimate”, “anticipate”,\n“believe”, “consider”, “should”, “plans”, “predict”,\n“estimate”, “forward”, “potential”, “could”, “likely”,\n“approximately”, “scheduled”, “forecast”, “variation” or\n“continue”, or similar expressions suggesting future outcomes or events.\nThe forward-looking information in this press release relates only to events\nor information as of the date on which the statements are made in this press\nrelease. Actual results and developments may differ, and may differ\nmaterially, from those expressed or implied by the forward-looking information\ncontained in this press release. Any number of factors could cause actual\nresults to differ materially from this forward-looking information. Although\nCAPREIT believes that the expectations reflected in forward-looking\ninformation are reasonable, it can give no assurances that the expectations of\nany forward-looking information will prove to be correct. Such forward-looking\ninformation is based on a number of assumptions that may prove to be\nincorrect. Accordingly, readers should not place undue reliance on\nforward-looking information.\n\nForward-looking information in this press release is subject to certain risks\nand uncertainties, many of which are beyond CAPREIT’s control, which could\nresult in actual results differing materially from this forward-looking\ninformation. These risks and uncertainties include, but are not limited to,\nthe risks and uncertainties described under the heading “Risks and\nUncertainties” in CAPREIT’s 2025 Annual Report and under the heading\n“Risk Factors” in CAPREIT’s Annual Information Form for the year ended\nDecember 31, 2025, each of which is available under CAPREIT’s profile on\nSEDAR+ at www.sedarplus.ca.\n\nExcept as specifically required by applicable Canadian securities laws,\nCAPREIT does not undertake any obligation to update or revise publicly any\nforward-looking information, whether as a result of new information, future\nevents or otherwise, after the date on which the information is provided or to\nreflect the occurrence of unanticipated events. This forward-looking\ninformation should not be relied upon as representing CAPREIT’s views as of\nany date subsequent to the date of this press release.\n\nFor more information, please contact:\n\nCAPREIT\nMr. Brad Cutsey\nPresident & Chief Executive Officer \n(416)\n861-9404                                        \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8fd7f23b-e42a-4ff4-99c1-3a86337a5069)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2mbkZW","title":"CAPREIT Announces Appointment of James Lawrence as Chief Operating Officer","author":"Globe Newswire","ticker":"CAR_U","created":"2026-08-26T11:30:00.161Z","tickers":["CAR_U"],"exchange":"TSX","article_body":"This news release constitutes a “designated news release” for the purposes\nof CAPREIT’s prospectus supplement dated May 15, 2025, to its short form\nbase shelf prospectus dated May 15, 2025.\n\nNot for distribution to U.S. newswire services or for dissemination in the\nUnited States.\n\nTORONTO, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real\nEstate Investment Trust (“CAPREIT” or the “REIT”) (TSX: CAR.UN) is\npleased to announce the appointment of James Lawrence as Chief Operating\nOfficer (“COO”), effective September 1, 2026. In this position, Mr.\nLawrence will focus on strengthening CAPREIT’s operating platform by\nadvancing process standardization, technology enablement, and a people-first\napproach to operational excellence.\n\nMr. Lawrence brings more than 25 years of deep real estate experience and\nproven leadership, most recently serving as Chief Operating Officer for\nCBRE’s Property Management business in Canada. In this role, Mr. Lawrence\nwas responsible for evolving the operating model and executing planned\ninvestments to support further growth in the area. Mr. Lawrence holds an\nHonours degree in Biological Science from the University of Guelph, a Master\nof Management and Professional Accounting from the Joseph L. Rotman School of\nManagement at the University of Toronto, and holds his Chartered Professional\nAccountant (CPA, CA) designation.\n\n“James has an impressive track record of bringing together people,\ntechnology and processes to enhance performance and operational excellence.\nThat experience is highly complementary to the breadth of expertise in place\nacross CAPREIT’s senior leadership team, and will be an invaluable asset as\nwe move forward and continue to build on CAPREIT’s success,” commented\nBrad Cutsey, CAPREIT’s President and Chief Executive Officer.\n\nABOUT CAPREIT\nCAPREIT is Canada's largest publicly traded provider of quality rental\nhousing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential\napartment suites and townhomes (excluding approximately 100 suites classified\nas assets held for sale), that are well-located across Canada and, to a lesser\nextent, the Netherlands, with a total fair value of approximately $14.4\nbillion (excluding approximately $21.6 million of assets held for sale). For\nmore information about CAPREIT, its business and its investment highlights,\nplease visit our website at www.capreit.ca and our public disclosures which\ncan be found under our profile at www.sedarplus.ca.\n\nCAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION\n\nCertain statements contained in this press release constitute forward-looking\ninformation within the meaning of applicable Canadian securities laws, which\nreflect CAPREIT’s current expectations and projections about future results.\nForward-looking information generally can be identified by the use of\nforward-looking terminology such as “outlook”, “objective”, “may”,\n“will”, “expect”, “intent”, “estimate”, “anticipate”,\n“believe”, “consider”, “should”, “plans”, “predict”,\n“estimate”, “forward”, “potential”, “could”, “likely”,\n“approximately”, “scheduled”, “forecast”, “variation” or\n“continue”, or similar expressions suggesting future outcomes or events.\nThe forward-looking information in this press release relates only to events\nor information as of the date on which the statements are made in this press\nrelease. Actual results and developments may differ, and may differ\nmaterially, from those expressed or implied by the forward-looking information\ncontained in this press release. Any number of factors could cause actual\nresults to differ materially from this forward-looking information. Although\nCAPREIT believes that the expectations reflected in forward-looking\ninformation are reasonable, it can give no assurances that the expectations of\nany forward-looking information will prove to be correct. Such forward-looking\ninformation is based on a number of assumptions that may prove to be\nincorrect. Accordingly, readers should not place undue reliance on\nforward-looking information.\n\nForward-looking information in this press release is subject to certain risks\nand uncertainties, many of which are beyond CAPREIT’s control, which could\nresult in actual results differing materially from this forward-looking\ninformation. These risks and uncertainties include, but are not limited to,\nthe risks and uncertainties described under the heading “Risks and\nUncertainties” in CAPREIT’s 2025 Annual Report and under the heading\n“Risk Factors” in CAPREIT’s Annual Information Form for the year ended\nDecember 31, 2025, each of which is available under CAPREIT’s profile on\nSEDAR+ at www.sedarplus.ca.\n\nExcept as specifically required by applicable Canadian securities laws,\nCAPREIT does not undertake any obligation to update or revise publicly any\nforward-looking information, whether as a result of new information, future\nevents or otherwise, after the date on which the information is provided or to\nreflect the occurrence of unanticipated events. This forward-looking\ninformation should not be relied upon as representing CAPREIT’s views as of\nany date subsequent to the date of this press release.\n\nFor more information, please contact:\n\nCAPREIT\nMr. Brad Cutsey\nPresident & Chief Executive Officer \n(416)\n861-9404                                        \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8fd7f23b-e42a-4ff4-99c1-3a86337a5069)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-26T11:30:00.214788108Z","server_sent_at_ms":1787743800214},"received_at":"2026-08-26T11:30:00.264Z","source_url":"https://www.globenewswire.com/news-release/2026/08/26/3351234/0/en/capreit-announces-appointment-of-james-lawrence-as-chief-operating-officer.html"},"analysis":{"id":"116948","press_release_id":"128024","analysis_json":{"industry":{"label":"Equity Real Estate Investment Trusts (REITs)","sector":"Real Estate"},"redFlags":[],"eventType":"executive_change","narrative":"CAPREIT appointed James Lawrence as Chief Operating Officer, effective September 1, 2026, to lead the strengthening of its operating platform.\n\nMr. Lawrence brings over 25 years of real estate experience, most recently serving as COO for CBRE’s Property Management business in Canada.\n\nCEO Brad Cutsey highlighted Lawrence’s track record in integrating people and technology as an asset to the company's continued growth.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"CAPREIT adds real estate veteran James Lawrence as COO to bolster operations."},"keyFigures":{"customDimensions":{"portfolio_fair_value":"$14.4 billion","portfolio_suite_count":45400,"assets_held_for_sale_value":"$21.6 million"}},"quotedText":"James has an impressive track record of bringing together people, technology and processes to enhance performance and operational excellence.","namedEntities":{"people":[{"name":"James Lawrence","role":"Chief Operating Officer"},{"name":"Brad Cutsey","role":"President & Chief Executive Officer"}],"products":[],"companies":[{"name":"CAPREIT","ticker":"CAR.UN"},{"name":"CBRE","relationship":"previous employer"}],"dollarAmounts":[{"amount":"$14.4 billion","context":"total fair value of CAPREIT's portfolio"},{"amount":"$21.6 million","context":"assets held for sale"}]},"materialImpact":{"score":2,"reasoning":"The appointment of a new COO with 25+ years of experience strengthens the leadership team but is a routine organizational update rather than a market-moving event."},"tickerRelevance":{"others":[],"primary":"CAR_UN"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"Canadian Mid-Cap REIT","eventGravity":"C-Suite Appointment"}},"event_type":"executive_change","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"CAPREIT appointed James Lawrence as Chief Operating Officer, effective September 1, 2026, to lead the strengthening of its operating platform.\n\nMr. Lawrence brings over 25 years of real estate experience, most recently serving as COO for CBRE’s Property Management business in Canada.\n\nCEO Brad Cutsey highlighted Lawrence’s track record in integrating people and technology as an asset to the company's continued growth.","key_figures":{"customDimensions":{"portfolio_fair_value":"$14.4 billion","portfolio_suite_count":45400,"assets_held_for_sale_value":"$21.6 million"}},"named_entities":{"people":[{"name":"James Lawrence","role":"Chief Operating Officer"},{"name":"Brad Cutsey","role":"President & Chief Executive Officer"}],"products":[],"companies":[{"name":"CAPREIT","ticker":"CAR.UN"},{"name":"CBRE","relationship":"previous employer"}],"dollarAmounts":[{"amount":"$14.4 billion","context":"total fair value of CAPREIT's portfolio"},{"amount":"$21.6 million","context":"assets held for sale"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-26T11:52:46.061Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"Canadian Mid-Cap REIT","eventGravity":"C-Suite Appointment"}},"durationMs":408495,"modelName":"glm-4.7"}}