Canadian Apartment Properties Real Estate Investment Trust is an open-ended mutual fund real estate investment trust. Co.'s investment objectives is to provide unitholders with long-term, stable and predictable monthly cash distributions, grow NFFO, sustainable distributions and unit value through the active management of its properties, accretive acquisitions, developments and intensifications and strong financial management, and invest capital within the property portfolio in order to maximize earnings and cash flow potential and to help ensure life safety and satisfaction of residents.