Automotive Properties Real Estate Investment Trust (TSX:APR.UN) entered into an agreement to acquire a dealership property in Kitchener-Waterloo, Ontario on January 4, 2018. Automotive Properties Real Estate Investment Trust expects to invest approximately CAD 7.5 million including the purchase price, redevelopment costs and related expenses. Automotive Properties Real Estate Investment Trust intends to satisfy the purchase price through draws on its existing credit facilities. The transaction is subject to customary closing conditions and closing is expected to occur in late February 2018.