TORONTO, Dec. 12, 2019 /CNW/ – Firm Capital American Realty Partners Corp. (the “Company“), (TSXV: FCA.U), (TSXV: FCA) is pleased to announce that the previously announced conversion of the Company into an investment trust (the “Trust“) received overwhelming approval of over 99% of the votes cast at the special meeting of shareholders held earlier today (the… [Read More]
Summit Industrial Income REIT Expands Presence in Target GTA Market
TORONTO, Dec. 12, 2019 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived conditions and will acquire 100% of a 184,561 square foot single tenant light industrial property located in Markham, Ontario. The property is situated on a 11.7-acre site with low 36% site coverage, providing the… [Read More]
Chartwell Further Strengthens its Portfolio and Liquidity
MISSISSAUGA, ON, Dec. 12, 2019 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today that it completed the acquisition of a 256-suite retirement residence in Edmonton, Alberta; entered into a borrowing agreement with a Canadian chartered bank for a $125 million unsecured term loan; and completed the sale of its interest in a medical… [Read More]
True North Commercial Real Estate Investment Trust Closes Acquisition of GTA Class “A”, LEED® Gold Certified Office Property
252,500 square feet, 100% occupied, lease term of 7.2 years /NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/ TORONTO, Dec. 12, 2019 /CNW/ – True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the “REIT“) is pleased to announce it has closed the previously announced acquisition of a Class “A” office property located at… [Read More]
Genworth MI Canada Inc. acknowledges closing of Genworth Financial, Inc. sale of majority interest to Brookfield Business Partners
TORONTO, Dec. 12, 2019 /CNW/ – Genworth MI Canada Inc. (the “Company“) (TSX: MIC) acknowledges closing of the previously announced sale of Genworth Financial, Inc.’s majority interest in the Company to Brookfield Business Partners L.P., together with its institutional partners (the “Transaction“). In connection with the Transaction, Brian Hurley, Rohit Gupta, Rajinder Singh and Jerome… [Read More]
RBC Royal Bank changes residential mortgage special rates
TORONTO, Dec. 12, 2019 /CNW/ – RBC Royal Bank announced today that it is increasing rates on new residential mortgage special offers effective December 17, 2019. The changes are as follows: Special Offer Rates* Three-year fixed closed 3.24 per cent (increased by 0.10 per cent) Four-year fixed closed 3.24 per cent (increased by 0.20 per cent)… [Read More]
Crombie REIT Announces Special Distribution
NEW GLASGOW, NS, Dec. 12, 2019 /CNW/ – Special Distribution Crombie REIT announced today that its Board of Trustees has declared a special distribution of $0.56 per unit. The distribution will be payable in units ($0.46 per unit) and cash ($0.10 per unit) to all Unitholders of record as at December 31, 2019. The distribution… [Read More]
Underlying Strength at Empire Drives Solid Second Quarter Fiscal 2020 Earnings
Second Quarter Summary Same-store sales excluding fuel increased by 2.0% Earnings per share of $0.57 compared to $0.38 last year Adjusted earnings per share of $0.58 compared to $0.40 last year Crombie REIT’s disposal of a 15 property portfolio positively impacted Empire’s adjusted EPS by $0.06 11 FreshCo locations will be opened in British Columbia… [Read More]
Invesque Announces December 2019 Dividend
/NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 11, 2019 /CNW/ – Invesque Inc. (TSX: IVQ.U and IVQ) announced today a cash dividend in the amount of US$0.06139 per common share for the period from December 1, 2019 to December 31, 2019. The dividend will be payable… [Read More]
Granite REIT Notice of Conference Call for Fourth Quarter and Year-End 2019 Results
TORONTO, Dec. 11, 2019 /CNW/ – Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year-ended December 31, 2019 after the close of markets on Wednesday, March 4, 2020. Granite will hold a conference call on Thursday, March 5, 2020 at 9:00 a.m…. [Read More]
American Hotel Income Properties REIT LP Completes $5.6 Million of Renovations at the Embassy Suites Cleveland and the Towneplace Suites Chattanooga
(All numbers are in U.S. dollars unless otherwise indicated) VANCOUVER, Dec. 11, 2019 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“, the “Company“) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has recently completed approximately $4.5 million of renovations at the Embassy Suites by Hilton Cleveland Rockside (Independence, OH) and… [Read More]
First Capital Realty Receives Shareholder Approval for REIT Conversion
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, Dec. 10, 2019 /CNW/ – First Capital Realty Inc. (“FCR” or the “Company”) (TSX: FCR), one of Canada’s leading developers, owners and operators of mixed-use urban real estate in Canada’s most densely populated centres, announced today that the previously announced conversion… [Read More]
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