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Firm Capital Property Trust Announces Closing of the Previously Announced Acquisition of 135 Unit Multi-Residential Building for $55.0 Million

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TORONTO, Feb. 14, 2022 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“) (TSXV: FCD.UN) is pleased to announce the closing of the previously announced acquisition of one multi-residential building consisting of 135 units located in Pointe Claire, Quebec (the “Property”) for approximately $55.0 million, excluding transaction costs. Completed in 2021, this condominium… [Read More]

SmartCentres 2021 Fourth Quarter and Year-End Results and Conference Call

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TORONTO, Feb. 14, 2022 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months and year ending December 31, 2021 on Tuesday, February 15, 2022. SmartCentres will hold a conference call on Wednesday, February 16, 2022 at 11:00… [Read More]

FirstService Declares 11% Increase to Quarterly Cash Dividend

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TORONTO, Feb. 14, 2022 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService“) announced today that its Board of Directors has approved an 11% increase in the quarterly cash dividend on the outstanding Common Shares of the Company over the previous US$0.1825 per Common Share and declared a quarterly dividend of US$0.2025 per Common… [Read More]

Colliers Reports Very Strong Fourth Quarter Results

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Growth across all services, geographies drives full year revenue to exceed $4 billion milestone   Fourth quarter and full year operating highlights:   Three months ended   Twelve months ended   December 31   December 31 (in millions of US$, except EPS)   2021     2020     2021     2020    … [Read More]

RioCan's 2021 Results Reflect Quality of Portfolio and Tenants 

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Net income of $598.4 million and FFO per unit 1 of $1.60 Distribution increase of 6.25% to $1.02 per unit annually effective February 2022 TORONTO, Feb. 09, 2022 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) announced today its financial results for the three months and year ended December 31, 2021 (the… [Read More]

Colliers names Poonam Puri to its Board of Directors

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New Board member adds expertise in corporate governance, strategy and ESG TORONTO, Feb. 09, 2022 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) announced the appointment of Poonam Puri to its Board of Directors. Puri is a tenured law professor and former associate dean at Osgoode Hall… [Read More]

Firm Capital Apartment REIT Announces Acquisition of Controlling Interest in Houston, Texas Joint Venture and 4.2% Distribution Increase

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All amounts are in US Dollars unless otherwise stated.TORONTO, Feb. 08, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.U), (TSXV: FCA) is pleased to announce the acquisition of the 50% interest that it does not already own from its unrelated third-party partner in the Trust’s Equity Accounted Investment located in Houston, Texas for $4.1… [Read More]

Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

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All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Feb. 08, 2022 (GLOBE NEWSWIRE) — Brookfield Property Partners (“BPY” or the “Partnership”) announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit,… [Read More]

Slate Office REIT Completes Acquisition of C$254.8 Million Irish Entity That Owns a Portfolio of Office, Life Sciences and Lite-Industrial Real Estate in Ireland

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Feb. 07, 2022 (GLOBE NEWSWIRE) — Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of office real estate, announces today that the Scheme of Arrangement1 in respect of the REIT’s Firm Offer2 to acquire all of… [Read More]

Melcor REIT announces new leases comprising over 40,000 sf

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EDMONTON, Alberta, Feb. 04, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (“the REIT” – TSX: MR.UN) today announced that it has entered into leases with two tenants for over 40,000 sf in two properties. Andrew Melton, CEO of the REIT, commented: “Our practice is to intentionally fill vacancies with strategic, diversified tenants that… [Read More]

Melcor Developments Ltd. appoints new Board member

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EDMONTON, Alberta , Feb. 01, 2022 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced the appointment of Janet Riopel, ICD.D to its Board of Directors, effective February 1, 2022. Ms. Riopel brings extensive board experience in private, public, and non-profit sectors. She is the… [Read More]