C

CAPREIT

Acquires, manages, and leases residential properties

Grounds Technician

Full-TimeDeadline 9/22/27
$20/hr+ Bonus + Leasing Commission
Mid
Bethesda, MD, USA
In Person
Cleaning & Custodial ServicesJanitorial Services

About the job

Requirements
  • Previous janitorial, groundskeeping, or housekeeping experience is required.
  • A valid driver's license is required to operate a company vehicle or golf cart.
  • A high school diploma or equivalent is required.
Responsibilities
  • Perform janitorial functions to keep the community clean and safe by maintaining public and common areas according to property specifications.
  • Conduct frequent inspections for cleanliness and maintenance.
  • Clean and prepare vacant apartments for new occupancy.
  • Complete required inspection reports and address new problems as they arise.
  • Assist with preventative maintenance and community repairs when needed.

About the company

C

CAPREIT

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Website

CAPREIT is a real estate company that owns, manages, and rents residential properties. It focuses on affordable apartments and townhouses across Canada, Ireland, and the Netherlands, generating most of its revenue from rental income, with additional income from commercial leasing and partnerships. Properties are acquired and actively managed, with tenants paying rent and CAPREIT handling leasing, maintenance, and community services. The company differentiates itself through its sizeable, geographically diversified portfolio, emphasis on affordable housing, and commitment to high-quality living spaces, strong service, and a positive corporate culture. Its goal is to be one of the best places to live, work, and invest by growing its rental housing portfolio, delivering reliable housing options, and maintaining engaging communities for residents.

Company Size

501-1,000

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1997

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Simplify's Take

What believers are saying

  • Q2 2026 Canadian same-property NOI rose 0.9%, with margin holding at 66.2%.
  • CAPREIT completed $293 million of Canadian acquisitions in December 2025, expanding cash flow immediately.
  • The May 1, 2026 ERES takeover added 1,029 Dutch suites and full control.

What critics are saying

  • Q2 2026 same-property occupancy fell to 97.5%, then 97.3% in July, signaling softness.
  • Higher financing costs already cut diluted FFO per unit 1.1% year over year in Q2.
  • If 2027 mortgage refinancing tightens, CAPREIT faces forced sales, lower NAV, and dilution.

What makes CAPREIT unique

  • CAPREIT is Canada’s largest public rental landlord, with 45,400 suites as of June 30, 2026.
  • Its scale spans Canada and the Netherlands, enabling centralized operations and asset recycling.
  • James Lawrence joined as COO on September 1, 2026, deepening process standardization and technology execution.

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Benefits

  • Paid Vacation
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

1%
Dividend Channel
Oct 14th, 2026
Canadian Apartment Properties REIT offers a 4.98% yield while trading below book value.

Canadian Apartment Properties REIT offers a 4.98% yield while trading below book value. By Joel Kornblau, Editor, Dividend Channel, Wednesday, October 14, 2026, 7:42 AM ET Canadian Apartment Properties Real Estate Investment Trust (CAR.UN.CA) has been identified as a Top 25 dividend stock in the latest Canada Stock Channel DividendRank report. The inclusion reflects a combination of income, valuation, and operating quality metrics that stand out within the report's coverage universe. At a recent share price of $31.13, CAR.UN.CA was cited with a price-to-book ratio of 0.6 and an annual dividend yield of 4.98%, compared with average figures of 3.4% and 1.9, respectively, across the broader universe covered by the report. That combination is notable because apartment REITs are often evaluated through both income generation and asset value. For income-focused investors, a nearly 5% yield paid monthly can be compelling. For value-oriented investors, a discount to book value may suggest the market is assigning a conservative valuation to the underlying real estate portfolio, cash flow outlook, or interest-rate sensitivity. Why the valuation stands out. A low price-to-book ratio can attract attention quickly, especially in real estate securities where balance sheet asset values remain a central reference point. In the case of a REIT, however, book value should be interpreted carefully. Accounting depreciation can reduce reported book values over time even when the market value of multifamily properties holds up better than the financial statements suggest. As a result, price-to-book can be useful as a screening metric, but it is rarely sufficient on its own. For apartment REITs, investors typically also consider: * Same-property net operating income trends * Occupancy and rent growth * Debt costs and refinancing exposure * Payout ratio relative to funds from operations or adjusted funds from operations * Net asset value discounts or premiums implied by public-market pricing Viewed in that broader context, CAR.UN.CA's discount to book value may indicate either a potential value opportunity or a market judgment about earnings pressure from financing costs, regulation, or slower near-term growth. The key analytical question is whether the current valuation more than reflects those pressures. Dividend profile and monthly income. The trust pays an annualized dividend of $1.55004 per share in monthly installments. Its most recent ex-dividend date was 09/29/2026. Monthly distributions are a defining feature for many REIT investors because they create a more regular income stream and can signal management's emphasis on steady cash returns. Dividend history matters particularly in real estate investment trusts because distributions are tied closely to property-level cash generation, financing conditions, and capital allocation discipline. A long record of paying dividends does not guarantee future distributions, but it can provide insight into how consistently a trust has navigated different market environments. The report stated, "Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research." What to Watch in an Apartment REIT. Canadian Apartment Properties Real Estate Investment Trust operates in the residential rental market, a segment often valued for relatively defensive demand characteristics. People need housing across economic cycles, and apartment properties can benefit from constrained supply, population growth, and affordability gaps between renting and home ownership. Even so, apartment REIT performance can vary materially based on geography, regulation, leverage, and execution. Several factors deserve close attention when evaluating CAR.UN.CA: * Interest-rate sensitivity: Real estate valuations and REIT unit prices are often influenced by changes in rates, which affect both financing costs and capitalization rates. * Balance sheet structure: Debt maturity schedules, secured versus unsecured borrowings, and fixed-rate versus floating-rate exposure can materially affect cash flow resilience. * Operating momentum: Rent growth, tenant turnover, occupancy, and expense control remain core drivers of distributable cash flow. * Capital recycling: Property sales, acquisitions, and redevelopment activity can improve portfolio quality, but they also shape leverage and future growth. * Distribution coverage: A strong yield is more meaningful when supported by recurring operating cash flow rather than balance sheet flexibility or one-time sources. Why dividend history still matters. Below is a long-term dividend history chart for CAR.UN.CA, an area the report highlighted as important. Reviewing a company's past dividend history can help frame whether the current payout appears consistent with its operating track record and capital priorities. Bottom line. CAR.UN.CA stands out in the latest screening results because it combines a relatively high dividend yield with a valuation below book value. That profile can be attractive, but the significance of the discount depends on underlying operating performance, leverage, and distribution coverage. In apartment REIT analysis, yield and valuation are useful starting points; the more decisive question is whether the trust's cash flow and balance sheet support the payout and justify a re-rating over time. The next step is comparison: open The DividendRank Canada Top 25 to see other dividend names showing similar signals.

CAPREIT
Sep 21st, 2026
CAPREIT named one of the World's Most Trustworthy Companies 2026.

CAPREIT named one of the World's Most Trustworthy Companies 2026. CAPREIT is proud to announce its recognition as one of Newsweek and Statista's World's Most Trustworthy Companies 2026, ranking among the Top 5 Real Estate & Housing companies globally. The recognition highlights organizations that have earned the confidence of the people who matter most, including customers, employees, and investors. For CAPREIT, it reflects its ongoing commitment to creating exceptional resident experiences, fostering a strong workplace culture, and delivering long-term value to its stakeholders. A global recognition of trust. The World's Most Trustworthy Companies ranking evaluates publicly listed companies with revenues exceeding USD $500 million across 20 countries. The 2026 ranking was determined through a comprehensive methodology that included: * An evaluation of eligible publicly listed companies across 20 countries * An extensive survey of 65,000 residents who provided more than 200,000 company evaluations * Assessment of trust across three key dimensions: Customer Trust, Investor Trust, and Employee Trust * A social listening analysis of more than 320,000 public online mentions, examining sentiment, reach, virality, and overall public perception CAPREIT's placement among the Top 5 Real Estate & Housing companies worldwide demonstrates the strength of the trust Capreit has built with residents, employees, investors, and communities. Trust at the heart of what Capreit do. At CAPREIT, trust is more than a business metric. It is the foundation of every relationship Capreit build and every decision Capreit make. From providing quality homes and responsive service to supporting its employees and creating vibrant communities, Capreit is committed to earning trust through action, accountability, and care. This recognition reflects the dedication of its teams, whose hard work, professionalism, and resident-first mindset help create positive experiences and strong communities from coast to coast. A shared achievement. Capreit extend its sincere thanks to its residents, employees, investors, partners, and communities for the confidence they place in CAPREIT. Being recognized as one of the World's Most Trustworthy Companies is an honour, and Capreit remain committed to earning that trust through exceptional service, responsible growth, and a steadfast focus on the people Capreit serve. Thank you for being part of the CAPREIT story.

CAPREIT
Sep 1st, 2026
CAPREIT announces appointment of James Lawrence as Chief Operating Officer.

CAPREIT announces appointment of James Lawrence as Chief Operating Officer. For Immediate Release This news release constitutes a "designated news release" for the purposes of CAPREIT's prospectus supplement dated May 15, 2025, to its short form base shelf prospectus dated May 15, 2025. Not for distribution to U.S. newswire services or for dissemination in the United States. Former CBRE Canada Property Management COO joins CAPREIT to strengthen operational performance and support long-term growth. Toronto, Ontario, Aug. 26, 2026 (GLOBE NEWSWIRE) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) is pleased to announce the appointment of James Lawrence as Chief Operating Officer ("COO"), effective September 1, 2026. In this position, Mr. Lawrence will focus on strengthening CAPREIT's operating platform by advancing process standardization, technology enablement, and a people-first approach to operational excellence. Mr. Lawrence brings more than 25 years of deep real estate experience and proven leadership, most recently serving as Chief Operating Officer for CBRE's Property Management business in Canada. In this role, Mr. Lawrence was responsible for evolving the operating model and executing planned investments to support further growth in the area. Mr. Lawrence holds an Honours degree in Biological Science from the University of Guelph, a Master of Management and Professional Accounting from the Joseph L. Rotman School of Management at the University of Toronto, and holds his Chartered Professional Accountant (CPA, CA) designation. "James has an impressive track record of bringing together people, technology and processes to enhance performance and operational excellence. That experience is highly complementary to the breadth of expertise in place across CAPREIT's senior leadership team, and will be an invaluable asset as we move forward and continue to build on CAPREIT's success," commented Brad Cutsey, CAPREIT's President and Chief Executive Officer. ABOUT CAPREIT CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 100 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.4 billion (excluding approximately $216 million of assets held for sale). For more information about CAPREIT, its business and its investment highlights, please visit its website at www.capreit.ca and its public disclosures which can be found under its profile at www.sedarplus.ca. CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this press release constitute forward-looking information within the meaning of applicable Canadian securities laws, which reflect CAPREIT's current expectations and projections about future results. Forward-looking information generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intent", "estimate", "anticipate", "believe", "consider", "should", "plans", "predict", "estimate", "forward", "potential", "could", "likely", "approximately", "scheduled", "forecast", "variation" or "continue", or similar expressions suggesting future outcomes or events. The forward-looking information in this press release relates only to events or information as of the date on which the statements are made in this press release. Actual results and developments may differ, and may differ materially, from those expressed or implied by the forward-looking information contained in this press release. Any number of factors could cause actual results to differ materially from this forward-looking information. Although CAPREIT believes that the expectations reflected in forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Such forward-looking information is based on a number of assumptions that may prove to be incorrect, including with regards to the expected future performance of the acquisitions. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information in this press release is subject to certain risks and uncertainties, many of which are beyond CAPREIT's control, which could result in actual results differing materially from this forward-looking information. These risks and uncertainties include, but are not limited to, the risks and uncertainties described under the heading "Risks and Uncertainties" in CAPREIT's 2025 Annual Report and under the heading "Risk Factors" in CAPREIT's Annual Information Form for the year ended December 31, 2025, each of which is available under CAPREIT's profile on SEDAR+ at www.sedarplus.ca. Except as specifically required by applicable Canadian securities laws, CAPREIT does not undertake any obligation to update or revise publicly any forward-looking information, whether as a result of new information, future events or otherwise, after the date on which the information is provided or to reflect the occurrence of unanticipated events. This forward-looking information should not be relied upon as representing CAPREIT's views as of any date subsequent to the date of this press release. Mr. Brad Cutsey President & Chief Executive Officer (416) 861-9404

CAPREIT
Jul 21st, 2026
CAPREIT Recognized as a TIME 2-Year Champion for Canada's Best Companies.

CAPREIT Recognized as a TIME 2-Year Champion for Canada's Best Companies. CAPREIT, one of Canada's leading rental housing providers, is proud to announce that it has once again been named one of TIME's Canada's Best Companies 2026. This marks the second consecutive year the organization has received this prestigious recognition and earned the distinction of TIME 2-Year Champion. Developed by TIME Magazine in partnership with Statista, the annual ranking recognizes organizations that demonstrate strong performance across three key dimensions: Employee Satisfaction, Revenue Growth, and Sustainability Transparency (ESG). A recognition built on people, performance, and purpose. Canada's Best Companies evaluates organizations through a comprehensive methodology that combines independent employee feedback, business growth metrics, and environmental, social, and governance (ESG) performance indicators. Companies are assessed using anonymous employee survey data, revenue growth performance, and publicly available sustainability and governance information. The ranking reflects what defines successful organizations today: strong workplace cultures, sustainable business practices, and continued growth. Companies considered for the ranking must be headquartered in Canada and generate more than US$100 million in annual revenue. For CAPREIT, this recognition reinforces the importance of staying focused on the people and communities Capreit serve while continuing to grow responsibly. A reflection of its people. Receiving this recognition for a second consecutive year would not be possible without the dedication of its employees across Canada. Every day, its teams work to create positive experiences for residents, support one another, and contribute to building vibrant communities where people feel at home. Their commitment, professionalism, and care are at the heart of everything Capreit do. This recognition also reflects the trust its residents place in CAPREIT and the strong partnerships Capreit has built with stakeholders, vendors, and communities across the country. Looking ahead. Being recognized once again by TIME underscores CAPREIT's continued commitment to putting people first, fostering strong workplace culture, operating responsibly, and creating sustainable long-term value. As Capreit continue to grow, these principles will remain central to how Capreit serve its residents, support its employees, and contribute to the communities where Capreit operate. To its employees, residents, partners, and stakeholders: thank you for being part of this journey. This achievement belongs to everyone who contributes to making CAPREIT a trusted housing provider, a responsible corporate citizen, and a great place to work. Together, Capreit will continue building communities where people can live, work, and thrive.

ConnectCRE
May 8th, 2026
Cutsey to Succeed Kenney as CEO of CAPREIT.

Cutsey to Succeed Kenney as CEO of CAPREIT. Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has announced that president and CEO Mark Kenney will retire on July 2 and be succeeded by Brad Cutsey. Kenney will also resign from the board, with Cutsey set to join it on the same date. "I have greatly enjoyed the nearly 30 years I have spent with CAPREIT," said Kenney. "I would like to thank our board and management for their collaboration and partnership throughout my time as CEO. I know that with Brad, the REIT is in good hands and well-positioned for the future. I continue to be invested in CAPREIT's success and will remain engaged throughout the transition process, supporting Brad and our management team." Board chair Gina Parvaneh Cody said Kenney "has led the REIT through significant growth and change, and his impact will be lasting. "We will miss his leadership, judgment, and steady hand very much, and we are sincerely thankful for everything he has given to CAPREIT," Cody added. The Toronto-based REIT said the board retained a global leadership advisory firm as part of its succession planning process after Kenney indicated he was considering retirement. Following what it described as a lengthy and thorough search process, the board unanimously selected Cutsey as the new president and CEO. Cutsey most recently served as CEO of Toronto-based InterRent REIT. He has nearly 30 years of experience in real estate and capital markets, including previous roles as president of InterRent, group head of real estate investment banking and equity research analyst with major financial institutions. CAPREIT said he has advised on billions of dollars in real estate transactions, financings and the creation of several publicly listed REITs. "I'm excited to step into this role and lead a company recognized as Canada's preeminent residential REIT," said Cutsey. "As the market continues to evolve, our focus will be on maintaining strong liquidity, executing disciplined portfolio management, and delivering a high-quality product for our residents. We remain committed to driving stable, long-term cash flow growth through organic initiatives and the selective pursuit of strategic opportunities that create value for our investors." Cody said the board believes continuity within the senior leadership team, combined with Cutsey's experience and leadership style, "positions the organization extremely well for the future." Cutsey resigned from Toronto-based InterRent in March, also leaving its board, with the REIT saying that he was going to pursue the next chapter in his career. Dave Nevins was appointed as interim CEO. Nevins is InterRent's chief operating officer. As of March 31, CAPREIT owned approximately 45,400 residential apartment suites and townhomes across Canada and the Netherlands, with a total fair value of about $14.5 billion. Pictured: Tours Chapdelaine in Quebec City Photo: City of Quebec Photo: CAPREIT Inside the story. Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember. * | Lease * | Sale/Acquisition * | Financing