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FirstService Corporation Completes US$200 Million Bought Deal Public Offering of Common Shares

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TORONTO, Dec. 13, 2019 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService”) is pleased to report that it has closed its previously announced bought deal public offering of a total of 2,165,000 common shares (the “Common Shares”), at a price of US$92.50 per share, for gross proceeds of US$200,262,500 with a syndicate of… [Read More]

CT Real Estate Investment Trust Declares Distribution for the Period of December 1, 2019 to December 31, 2019

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, Dec. 13, 2019 /CNW/ – CT Real Estate Investment Trust (“CT REIT”) (TSX: CRT.UN) announced today that the trustees of CT REIT have declared a distribution for the period of December 1, 2019 to December 31, 2019 of $0.06562 per trust unit,… [Read More]

Firm Capital American Realty Partners Corp. Announces Overwhelming Shareholder Approval for Trust Conversion

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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]

CAPREIT Expands Presence in Calgary Market

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TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of The Carrington, a 79-suite apartment property located in the Beltline district of downtown Calgary, Alberta. Occupancy for the property currently stands at 100%. CAPREIT paid approximately $19.5 million for the… [Read More]

Summit Industrial Income REIT Expands Presence in Target GTA Market

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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

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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

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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]

Partners REIT Announces Completion of Plan of Arrangement

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TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) and McCowan and Associates Ltd. (“MAA”) today jointly announced the completion of the previously announced statutory plan of arrangement (the “Arrangement”) pursuant to which, MAA acquired all of the outstanding units of the REIT (each, a “Unit”),… [Read More]

Genworth MI Canada Inc. acknowledges closing of Genworth Financial, Inc. sale of majority interest to Brookfield Business Partners

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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

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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

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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]