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Allied Announces $125 Million in Acquisitions and Upward Refinancing of Unsecured Term Loan

December 11, 2018 By Globenewswire Tagged With: TSX:AP-UN.TO, TSX:AP.UN

TORONTO, Dec. 11, 2018 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) announced today that it expects to close six strategic in-fill acquisitions in the fourth quarter for an aggregate purchase price of $125 million. Allied also announced that it has upward refinanced an unsecured term loan coming due on December 14, 2018. As a result, Allied expects to start 2019 with very little drawn on its $400 million unsecured credit facility.

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