Acquires Atlantic Pacific Association Management TORONTO, Sept. 29, 2021 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that FirstService Residential, the North American property management leader, has recently acquired the Condominium Association Management Division of Atlantic | Pacific Companies (“APAM”), a fourth generation real estate organization. Terms of the transaction were… [Read More]
Firm Capital Property Trust Announces the Acquisition of a 40% Interest in a Core Toronto Retail Property With an Institutional Partner for $23.8 Million
TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“) (TSXV: FCD.UN) is pleased to announce the closing of a 40% interest in a 11,256 square foot single tenant retail property located in Toronto, Ontario. The acquisition price for the property is approximately $23.8 million, excluding transaction costs. The Trust’s… [Read More]
PROREIT Announces Agreements to Acquire 16 Industrial Assets for an Aggregate Purchase Price of $163.2 Million, $60 Million Bought Deal Public Offering of Trust Units and $14 Million Concurrent Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES. Acquisition of 16 institutional quality industrial assets comprising total GLA of 1,181,006 square feet PROREIT portfolio to increase to 6.6 million square feet of GLA and approximately $928 million of total assets, pro forma the Transactions Increased exposure to industrial… [Read More]
RioCan Real Estate Investment Trust Schedules Third Quarter 2021 Earnings Release, Conference Call and Webcast
TORONTO, Sept. 27, 2021 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced that it is scheduled to release its financial results for the three and nine months ended September 30, 2021 after the market closes on Tuesday, November 9, 2021. Interested parties are invited to participate in a conference call… [Read More]
Nexus REIT Establishes At-The-Market Equity Program
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES ORDISSEMINATION IN THE UNITED STATES/ TORONTO and MONTREAL, Sept. 24, 2021 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (TSX: NXR.UN) (“Nexus” or the “REIT”) announced today that it has established a $50 million at-the-market equity program (the “ATM Program”). The ATM Program allows the REIT to issue,… [Read More]
WPT Industrial Real Estate Investment Trust Announces Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Unitholders Vote FOR the Proposed Transaction with Blackstone Real Estate Income Trust
TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN – OTCQX: WPTIF) is pleased to announce that both Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis and Co., LLC (“Glass Lewis”) have recommended that unitholders of the REIT (the “Unitholders”) vote FOR the special resolution (the… [Read More]
SmartCentres unveils plans for ArtWalk, the new mixed-use art district in the Vaughan Metropolitan Centre
The first phase of ArtWalk, the new art district in SmartCentres’ flagship SmartVMC development, includes three residential buildings within walking distance of transit, urban amenities, and a 9-acre central park. TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) has revealed plans for the next block of SmartCentres’ emerging 100-acre,… [Read More]
Nexus REIT Announces Q3 2021 Results Date and September 2021 Distribution
TORONTO and MONTREAL, Sept. 22, 2021 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (TSX: NXR.UN) (“Nexus” or the “REIT”) announced today that it intends to release its financial results for the third quarter ended September 30, 2021 before the opening of the TSX on Monday November 15, 2021. Management of the REIT will host a… [Read More]
CAPREIT Acquires Landmark Downtown Toronto Property
TORONTO, Sept. 22, 2021 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has acquired Tower Hill East, a superior-quality, luxury apartment building on St. Clair Avenue West in downtown Toronto, the sister to CAPREIT’s flagship property The Thomas. The 141 suites include 14 bachelor, 56 one-bedroom, 35… [Read More]
Timbercreek Financial Declares September 2021 Dividend
TORONTO, Sept. 22, 2021 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that its board of directors (the “Board”) has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on October 15, 2021 to holders of Common Shares of record on September 30,… [Read More]
Slate Grocery REIT Completes US$390 Million Grocery-Anchored Portfolio Acquisition and Amendment of Management Agreement
TORONTO, Sept. 22, 2021 (GLOBE NEWSWIRE) — Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today the closing of its previously announced acquisition (the “Acquisition”) of a US$390 million grocery-anchored portfolio (the “Portfolio”). The Portfolio comprises 25 properties and 3.1 million square feet in… [Read More]
SmartCentres Declares Distribution for September 2021
TORONTO, Sept. 21, 2021 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of September 2021 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on October… [Read More]
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