More NewsCapreit Appoints Richard Smith as CFO

Capreit Appoints Richard Smith as CFO

Canadian Apartment Properties Real Estate Investment Trust (Capreit) has appointed Richard Smith as chief financial officer (CFO), replacing Yazdi Bharucha who is retiring.

Smith was formerly executive vice president and CFO of MI Developments, a publicly-traded real estate company focused on the ownership, leasing and management of a real estate portfolio consisting of 105 income producing properties. Prior to this, he was vice president of corporate development at Magna International, an associate director in the mergers and acquisitions group at Scotia Capital, and a senior associate at Coopers and Lybrand (now PricewaterhouseCoopers).

He received his Juris Doctor and MBA from the University of Toronto, and an Honours Bachelor of Commerce from the University of Ottawa. He is a chartered accountant, a US certified public accountant (CPA), and a member of the New York Bar Association.

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