TORONTO, March 27, 2020 /CNW/ – Bridgemarq Real Estate Services Inc. (“Bridgemarq” or the “Company”) (TSX: BRE) a leading provider of services to residential real estate brokers and their REALTORS®1, today announced temporary changes to the franchise fees it charges its network of real estate brokerages across Canada. These actions were taken to support the business… [Read More]
Crombie REIT Announces Small Business Support Program
NEW GLASGOW, NS, March 27, 2020 /CNW/ – Crombie Real Estate Investment Trust (“Crombie”) (TSX: CRR.UN) today announced that it will launch the Crombie Values Small Business Program, a program to offer relief to qualifying small business tenants impacted by the COVID-19 pandemic. Crombie’s small business support program includes relief that defers rent to assist small… [Read More]
Lanesborough REIT Reports 2019 Results
WINNIPEG, March 26, 2020 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSXV: LRT.UN) today reported its operating results for the year ended December 31, 2019. The following comments in regard to the financial position and operating results of LREIT should be read in conjunction with management’s discussion & analysis, the annual report and the financial… [Read More]
Killam Apartment REIT Announces Updates Relating to COVID-19 Pandemic
HALIFAX, March 26, 2020 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) recognizes the impact COVID-19 is having on all stakeholders. Our priority is the health and safety of our employees, residents, partners and communities. Killam recognizes that as a property owner, business operator, employer and community member, we have an important role to play in managing and… [Read More]
Clarke Inc. Completes Dividend of its Shares of TerraVest Industries Inc. to Shareholders
HALIFAX, March 26, 2020 /CNW/ – Clarke Inc. (“Clarke”) announces that it has completed the distribution to its shareholders of its previously announced dividend-in-kind (the “Dividend”) of the 5,386,440 shares of TerraVest Industries Inc. (the “Terravest Shares”) previously held by Clarke. Under the Dividend, Clarke shareholders of record on March 18, 2020 received approximately 0.33… [Read More]
PROREIT Announces Fourth Quarter and Full Year 2019 Results
Total assets reached $634.7 million, a 24.5% year-over-year increase 40.9% year-over-year increase in property revenue from 2018 Net operating income1 grew 36.2% on a year-over-year basis Net income and comprehensive income down by $3.8 million from 2018 42.4% year-over-year increase in AFFO1 from 2018 Secured $30 million in additional operational liquidity in Q4-2019 52% of leases… [Read More]
Boardwalk Thanks Its Team of Heroes for Ensuring Safe Homes for All Its Resident Members and Provides an Update to Its Stakeholders
CALGARY, March 24, 2020 /CNW/ – Boardwalk Real Estate Investment Trust – TSX: BEI.UN Boardwalk REIT (“Boardwalk”, “the Trust”, “We”) today provided an update on its operational response to the COVID-19 pandemic. Sam Kolias; Chairman and Chief Executive Officer of Boardwalk REIT commented: “Our world, our country, our provinces, and our communities are facing an unprecedented… [Read More]
NorthWest Healthcare Properties REIT Announces Intention to Make Normal Course Issuer Bid, Authorization of Automatic Securities Purchase Plan and Suspension of Distribution Reinvestment Plan
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, March 24, 2020 /CNW/ – NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) (the “REIT“) announced today that the Toronto Stock Exchange (the “TSX“) has approved the REIT’s intention to make a normal course issuer bid (“NCIB“) for a portion… [Read More]
Automotive Properties REIT Reports 2019 Fourth Quarter and Year-End Results
TORONTO, March 23, 2020 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (“Automotive Properties REIT” or the “REIT”) today announced its financial results for the fourth quarter (“Q4 2019”) and year ended December 31, 2019 (“2019”). “We continue to expand our property portfolio through acquisitions with the addition of seven dealership properties in 2019… [Read More]
Artis Real Estate Investment Trust Provides Statement on COVID-19
WINNIPEG, March 23, 2020 /CNW/ – Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) today provided unitholders with an update on Artis’ business and the measures the REIT is taking to protect its tenants, its employees and the community as it relates to the COVID-19 virus pandemic. A message from Armin Martens,… [Read More]
Summit Industrial Income REIT Signs New Unsecured Credit Facility
TORONTO, March 23, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has arranged and closed on a new $300 million unsecured revolving credit facility maturing on March 23, 2023 bearing an interest rate based on banker’s acceptance plus 170 basis points (bps) or bank prime plus 70… [Read More]
Denis Arsenault Acquire Securities of ViveRE Communities
HALIFAX, March 23, 2020 /CNW/ – Denis Arsenault (“Denis“) announced today that he has acquired ownership of securities of ViveRE Communities Inc. (TSXV: VCOM) (“ViveRE“), with its head office at 1969 Upper Water Street, Suite 2108, Halifax, Nova Scotia, B3J 3R7, for an aggregate purchase price of $3,500,000. The securities were purchased in connection with the sale of… [Read More]