Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) announced that Mark Kenney, former COO, has been appointed Chief Executive Officer and a member of its board of trustees, effective March 27, 2019.
Since joining CAPREIT in 1998, Kenney has been actively involved in creating and implementing the company’s policy, directing its property management team, and overseeing the marketing, procurement and development departments. As COO, Kenney oversaw all of CAPREIT’s operations and acquisitions in Canada and Europe.
“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. “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,” added Mr. 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.”
With more than 28 years of experience in the multifamily real estate sector, Kenney, who holds a Bachelor of Economics degree from Carleton University, held senior positions elsewhere prior to joining CAPREIT, including Realstar Management Partnership, Greenwin Property Management and Tridel.
Currently, Mr. Kenney is a board member of the Federation of Rental-Housing Providers of Ontario and St. Hilda’s Towers. He is also a founding board member of the GTAA.