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Automotive Properties REIT Completes $84 Million Equity Offering

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/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 28, 2019 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (“Automotive Properties REIT” or the “REIT”) announced today that it has closed its previously announced bought deal public offering of 8,000,000 units at a price of $10.45 per unit… [Read More]

ERES REIT announces closing of €98MM additional portfolio acquisition

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TORONTO, June 28, 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 “Pipeline Acquisition“), effective June 30, 2019, of a portfolio comprised of 21 properties, representing an… [Read More]

Allied and Perimeter to Proceed With Development of Phase III of The Breithaupt Block in Kitchener’s Innovation District

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TORONTO, June 28, 2019 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:AP.UN) today announced final plans to proceed with the development the third phase of The Breithaupt Block in Kitchener’s Innovation District. The first two phases of The Breithaupt Block (“Phases I & II”) are comprised of 226,399 square feet of GLA, all of which is… [Read More]

Media Invitation – Hundreds of retirees will make time for fun at the Beachclub this summer!

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Chartwell presents its exclusive Beach Party at North America’s largest outdoor music complex MONTREAL, June 28, 2019 /CNW Telbec/ – For the fourth year in a row, Chartwell Retirement Residences is organizing an exclusive outing to the famous Beachclub in Pointe-Calumet for all retirees who wish to feel the summer and enjoy a tasty BBQ…. [Read More]

Artis Real Estate Investment Trust Announces Notice of Redemption of Series G Preferred Units Effective July 31, 2019

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WINNIPEG, June 27, 2019 /CNW/ – Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT“) announced today that it has delivered formal notice to the holder(s) of its Preferred Units, Series G (the “Series G Units“) that, on July 31, 2019, the REIT will redeem all of the 3,140,300 outstanding Series G Units… [Read More]

Lanesborough REIT Announces Voting Results of the Annual Meeting of Unitholders

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WINNIPEG, June 27, 2019 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT“) (TSXV: LRT.UN) announced today the results of the votes held at its June 27, 2019 annual and special meeting of unitholders (the “Meeting“). The total number of trust units represented by unitholders present in person or by proxy at the Meeting was 5,012,359, representing… [Read More]

Park Lawn Acquires Integrity Funeral Care

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Acquisition Expands Footprint in the Houston Market TORONTO, June 27, 2019 /CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC“) is pleased to announce that, effective June 25, 2019, it completed the purchase of the assets of Integrity Funeral Care, a funeral business located in Houston, Texas. “We are excited to expand our presence in Texas… [Read More]

Canadian housing affordability improves even as Toronto, Vancouver remain an “impossible obstacle” for most buyers: RBC Economics

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RBC’s housing affordability measure improves for the second-straight quarter in Q1 2019 The improvement was widespread across the country as prices declined in the West and parts of Atlantic Canada Severe affordability issues remain an “impossible obstacle” for most living in Toronto, Vancouver and Victoria TORONTO, June 27, 2019 /CNW/ – Housing affordability has improved… [Read More]

Empire Company Finishes Fiscal 2019 with Strong Sales and Earnings; Exceeds Sunrise Targets; Announces 9% Dividend Increase and Share Buyback

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Fourth Quarter Summary Same-store sales excluding fuel increased by 3.8% (4.2% excluding pharmacy) Fourth consecutive quarter of tonnage growth Earnings per share of $0.45 compared to $0.26 last year Adjusted earnings per share of $0.46 compared to $0.35 last year Project Sunrise exceeded targets for fiscal 2019 Capital investment program for fiscal 2020 expected to… [Read More]

Pure Multi-Family REIT LP Responds to Unsolicited Conditional Proposal and Announces Pre-Existing Exclusive Negotiations With a Third Party

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VANCOUVER, June 26, 2019 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi-Family”) (TSX: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) confirms that it received an unsolicited conditional proposal today from American Landmark/Electra America (“ALEA”) for the acquisition by ALEA of all of the outstanding Class A Units of Pure Multi-Family on the terms set out in the public announcement made… [Read More]

Inovalis Real Estate Investment Trust Announces Change of Chief Financial Officer and Appointment of New Trustee

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, June 26, 2019 /CNW/ – Inovalis Real Estate Investment Trust (“Inovalis REIT” or the “REIT”) (TSX:INO.UN) today announced that Mr. Khalil Hankach has been appointed the new interim Chief Financial Officer of the REIT effective immediately. Mr. Hankach remains as the Chief… [Read More]