First quarter expected to show double-digit year-over-year declines, with modest quarterly price growth in the second half of next year On a quarter-over-quarter basis, prices expected to flatten in Q2 and begin modest improvement in second half of the year, ending 2023 on upward trajectory; release includes national aggregate quarterly forecast for 2023 Condominium prices… [Read More]
BTB Announces its Distribution for the Month of December 2022
MONTRÃAL, Dec. 12, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces today that the monthly cash distribution for the month of December 2022 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid on January 16th, 2023, to unitholders… [Read More]
BTB REIT Announces the Sale of an Office Property Located in Sainte-Thérèse, Quebec
MONTRÃAL, Dec. 8, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announces the sale of an office property located at 81-83, Turgeon Street, in Sainte-Thérèse, Québec. This 24,925 square foot building was acquired in November 2007 and renovated in 2017. During the strategic repositioning of BTB’s portfolio, this… [Read More]
Standard Mercantile Acquisition Corp. Announces Renewal of Mortgage and Declaration of Special Distribution
TORONTO, Dec. 7, 2022 /CNW/ – Standard Mercantile Acquisition Corp. (TSX: SMA) (the “Company“) today announces that the Company has negotiated a favorable renewal of a mortgage (the “Alberta Mortgage“) with a principal amount of approximately $16.9 million (of which the Company’s portion is approximately $8.4 million), which is approximately 77.5% of the Company’s mortgage portfolio consisting of… [Read More]
ISS and Glass Lewis Recommend Summit Industrial Income REIT Unitholders Vote FOR the Proposed Transaction with GIC and Dream Industrial Real Estate Investment Trust and Summit Industrial Income REIT Announces Receipt of Competition Act Approval
TORONTO, Dec. 7, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that two leading independent proxy advisory firms, Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis and Co., LLC (“Glass Lewis”) have each recommended that unitholders of the REIT (the “Unitholders”) vote FOR the previously announced plan of… [Read More]
Chartwell Completes Sale of Two Long Term Care Homes in British Columbia
MISSISSAUGA, ON, Dec. 7, 2022 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today that it has completed the previously announced ownership transition of Malaspina Care Residence and Carlton Care Residence, with a total of 264 long-term care beds (the “BC Properties”), to AgeCare Health Services Inc. (“AgeCare”) and a fund managed by Axium… [Read More]
Genesis Land Development Corp. Announces Sale of 40% of Lewiston Development in Calgary
CALGARY, AB, Dec. 6, 2022 /CNW/ – Genesis Land Development Corp. (“Genesis”) is pleased to announce that it has entered into binding agreements to sell a 20% ownership stake to each of two separate Calgary based third party home builders in the Genesis Lewiston development project. Lewiston is 130 acres of residential development land located… [Read More]
NexLiving announces update to previously announced 150-unit Mountain Road acquisition
HALIFAX, NS, Dec. 5, 2022 /CNW/ – (TSXV: NXLV) â NexLiving Communities Inc. (“NexLiving” or the “Company”) announced today that it has entered into an agreement to acquire a 100% interest in Northpoint Management Inc. from Sheaco Holdings Inc. for $39.6 million. Northpoint’s key assets are two newly built multi-family buildings comprising 75 units each located… [Read More]
MEDIA ADVISORY – Empire Company Limited Advisory of Q2 Fiscal 2023 Results Conference Call
STELLARTON, NS, Dec. 1, 2022 /CNW/ – Empire Company Limited (TSX: EMP.A) will release its second quarter fiscal 2023 results on December 15, 2022 at 6:30 a.m. (Eastern Standard Time). The release will be followed by a conference call beginning at 12:00 p.m. (Eastern Standard Time) with senior management. The dial-in numbers for the conference call are:(416) 764-8688(888) 390-0546 To secure a line, please call 10 minutes prior to the conference call. You will be placed on hold… [Read More]
Morguard Real Estate Investment Trust Declares December 2022 Distribution of 2 Cents per Unit
MISSISSAUGA, ON, Nov. 30, 2022 /CNW/ – Morguard Real Estate Investment Trust (the “Trust”) (TSX: MRT.UN) today announced that it has declared a distribution of 2 cents per unit for the month of December 2022. The distribution will be payable on December 30, 2022 to unitholders of record as at December 15, 2022. About Morguard… [Read More]
RESAAS Expands Relationship with RE/MAX® Across United States
VANCOUVER, BC, Nov. 30, 2022 /CNW/ – RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), (“RESAAS” or the “Company”), is pleased to announce that it has expanded its existing relationship with RE/MAX, LLC (NYSE: RMAX) to officially include all RE/MAX agents based in the United States. The agreement further connects the RE/MAX network, tapping into its deep… [Read More]
Tribe Reports Third Quarter 2022 Financial Results
VANCOUVER, BC, Nov. 29, 2022 /CNW/ – Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (“Tribe” or the “Company”) a leading provider of technology-enabled property management solutions, today announced its financial results for the third quarter and for the nine months ended September 30, 2022. “Tribe again achieved strong revenue in the third quarter on… [Read More]
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