Jan 4 (Reuters) - Automotive Properties Real Estate Investment Trust APR_u.TO :
* AUTOMOTIVE PROPERTIES REIT AGREES TO ACQUIRE DEALERSHIP PROPERTY IN KITCHENER-WATERLOO, ON FOR $7.5 MILLION
* AUTOMOTIVE PROPERTIES REIT - EXPECTS TO INVEST APPROXIMATELY $7.5 MILLION INCLUDING PURCHASE PRICE, REDEVELOPMENT COSTS AND RELATED EXPENSES
* AUTOMOTIVE PROPERTIES REAL ESTATE INVESTMENT TRUST - INTENDS TO SATISFY PURCHASE PRICE THROUGH DRAWS ON ITS EXISTING CREDIT FACILITIES