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ERES REIT Announces Timing of Third Quarter 2019 Results & Conference Call

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TORONTO, Sept. 30, 2019 (GLOBE NEWSWIRE) — (CNW) European Residential Real Estate Investment Trust (“ERES REIT”) (TSXV:ERE.UN) announced today it will issue its financial results for the three and nine months ended September 30, 2019 after markets close on: Tuesday, November 12, 2019 A conference call hosted by Phillip Burns, Chief Executive Officer and the… [Read More]

CAPREIT Completes Sale of Netherlands Property Portfolio

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TORONTO, Sept. 30, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the sale of a portfolio comprised of 18 properties representing an aggregate of 942 residential suites in seven urban centres in the Netherlands to European Residential Real Estate Investment Trust (TSX-V:ERE.UN, “ERES”). Total proceeds… [Read More]

Choice Properties Real Estate Investment Trust Completes $426 Million Portfolio Disposition

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TORONTO, Sept. 30, 2019 /CNW/ – Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced disposition of a 30 property portfolio (the “Portfolio”) for an aggregate sale price of approximately $426 million (the “Transaction”) to an affiliate of Oak Street Real Estate… [Read More]

WPT Industrial REIT Announces Timing of Third Quarter 2019 Results & Conference Call

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TORONTO, Sept. 30, 2019 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U – OTCQX: WPTIF) will issue its results for the quarter ended September 30, 2019 on the afternoon of Wednesday, November 13, 2019. A conference call hosted by the REIT’s management team will be held on Thursday, November 14, 2019… [Read More]

ERES Reit Announces Closing of €227MM Netherlands Portfolio Acquisitions

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TORONTO, Sept. 30, 2019 /CNW/ – European Residential Real Estate Investment Trust (TSX-V:ERE.UN, “ERES“) and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, “CAPREIT“) are pleased to announce the closing of the previously announced acquisition by ERES from CAPREIT (the “Eagle Acquisition“) of a portfolio comprised of 18 properties, representing an aggregate of 942 residential suites… [Read More]

Genesis Announces Closing of Residential Development Land in North Calgary for $23.7 Million

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CALGARY, Sept. 30, 2019 /CNW/ – Genesis Land Development Corp. (“Genesis”) is pleased to report that the previously announced acquisition of approximately 130 developable acres of future residential development land (the “Land”) in north Calgary has closed. The purchase price of $23.7 million was paid for with a cash payment at closing of $5.1 million, which was… [Read More]

H&R REIT Secures 10-Year Financing for Jackson Park

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TORONTO, Sept. 27, 2019 /CNW/ – H&R Real Estate Investment Trust (“H&R”) (TSX: HR.UN) announced today that its wholly-owned subsidiary, H&R REIT (U.S.) Holdings Inc., together with its partners, has closed a U.S. $1 billion interest-only first mortgage financing for Jackson Park (U.S. $500 million, at H&R’s ownership interest).  H&R, together with its partners, entered… [Read More]

Pure Multi-Family REIT LP Announces Closing of Plan of Arrangement with Cortland

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VANCOUVER, Sept. 27, 2019 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi-Family”) (TSX: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) announced today the closing of the previously-announced plan of arrangement pursuant to which an affiliate of Cortland Partners, LLC (“Cortland”) acquired all of the outstanding: (i) Class A units of Pure Multi-Family (each, a “Class A Unit”)… [Read More]

Colliers Announces Resolution of Dispute With Dylan Taylor

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TORONTO, Sept. 27, 2019 (GLOBE NEWSWIRE) — Colliers International Group Inc. (NASDAQ, TSX:CIGI) (“Colliers”) and the former Chief Executive Officer of its Real Estate Services division, Dylan Taylor, jointly announced today that any issues between them arising from the previously announced separation of Mr. Taylor from Colliers (including issues concerning Mr. Taylor’s past stock sales)… [Read More]

PROREIT completes acquisition of mixed-used industrial property in Ottawa region for $48.5 million

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MONTRÉAL, Sept. 27, 2019 /CNW Telbec/ – PRO Real Estate Investment Trust (TSX: PRV.UN) (“PROREIT” or the “REIT”) is pleased to announce the closing of its previously announced 100% interest acquisition in a mixed-used industrial property in Kanata, Ontario, for $48.5 million before closing costs, representing a going-in capitalization rate of 6.60%. The property adds… [Read More]

RioCan acquires remaining 50% interest in ePlace™, mixed-use development in midtown Toronto

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TORONTO, Sept. 27, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”, TSX:REI.UN) is pleased to announce that it has acquired the remaining 50% interest of the residential rental component, eCentralTM,  the remaining 50% interest in the retail component and 70 commercial parking stalls of the ePlace mixed-use development at the northeast corner of… [Read More]