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European Residential REIT and CAPREIT Announce Closing of Portfolio Acquisition Creating Canada’s First European-Focused Multi-Residential REIT and Announce Record Date for Special Distribution

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Bolstered by the results of this transformational transaction and backed by Canada’spre-eminent multi-residential owner/manager, ERES will focus onthe attractive European multi-residential market TORONTO, March 29, 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… [Read More]

Firm Capital Property Trust Announces Closing of Previously Announced Private Placement

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TORONTO, March 28, 2019 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”) (TSXV: FCD.UN) is pleased to announce that it has closed its previously announced   Non-Brokered Private Placement (the “Private Placement”). The Trust has raised gross proceeds of $8,676,640 and issued 1,355,726 Trust Units of the Trust at a price of $6.40… [Read More]

Leading Independent Proxy Advisors, ISS and Glass Lewis, Recommend First Capital Realty Shareholders Vote FOR Share Repurchase Resolution

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Shareholders are encouraged to vote well in advance of the voting deadline on April 8, 2019 at 10:00 AM (Eastern Time) Questions? Need help voting? Call Kingsdale Advisors at 1-866-879-7644 or by email at contactus@kingsdaleadvisors.com TORONTO, March 28, 2019 /CNW/ – First Capital Realty Inc. (“FCR” or the “Company”) (TSX: FCR), one of the largest owners,… [Read More]

Melcor Developments Ltd. Announces Normal Course Issuer Bid

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EDMONTON, Alberta, March 28, 2019 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX:MRD), an Alberta-based real estate development and asset management company, announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX and on alternative trading systems.

Crombie REIT Announces Appointments to Leadership Team

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NEW GLASGOW, NS, March 28, 2019 /CNW/ – Crombie Real Estate Investment Trust (“Crombie”) (TSX: CRR.UN) is pleased to announce that Clinton Keay is joining the company as Chief Financial Officer and Secretary, effective May 15, 2019. Mr. Keay is currently Executive Vice President IT and Transformation for Sobeys Inc., where he oversees company efforts to restructure… [Read More]

CAPREIT Appoints Mark Kenney as Chief Executive Officer and Trustee

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TORONTO, March 27, 2019 /CNW/ – Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that Mark Kenney has been appointed Chief Executive Officer of CAPREIT and as a member of CAPREIT’s board of trustees, effective March 27, 2019. Mr. Kenney joined CAPREIT in 1998 and, since that time, has been actively involved… [Read More]

PROREIT Announces Fourth Quarter and Full Year 2018 Results

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/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ Total assets reached $509.7 million, a 39% year-over-year increase Net comprehensive income grew 86.7% on a year-over-year basis Net operating income1 grew 42.6% on a year-over-year basis AFFO1 increased 38.9% year-over-year Occupancy rate rose 250 basis points to 98.2% Internalization… [Read More]