REIT REPORT

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SmartCentres Receives TSX Approval to Proceed with Normal Course Issuer Bid

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TORONTO, March 27, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by SmartCentres to establish a normal course issuer bid (“NCIB”) program.  The NCIB program commences on March 31, 2020 and will terminate on March… [Read More]

NEXUS REIT ANNOUNCES EXECUTION OF LEASES AND DEVELOPMENT MANAGEMENT AGREEMENT FOR RICHMOND VALUE-ADD PROJECT AND RSU GRANT

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TORONTO and MONTREAL, March 26, 2020 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (the “REIT”) (TSXV: NXR.UN) announced today that it is progressing with plans to maximize value at its Richmond BC property.   The REIT has entered into lease agreements with two new tenants in respect of approximately 60,000 square feet of space previously… [Read More]

FPI NEXUS ANNONCE LA SIGNATURE DE CONTRATS DE LOCATION ET D’UN CONTRAT DE GESTION DE DÉVELOPPEMENT POUR LE PROJET DE VALEUR AJOUTÉE À RICHMOND, AINSI QUE L’OCTROI D’UNITÉS DE PARTS AVEC RESTRICTIONS

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MONTRÉAL et TORONTO, 26 mars 2020 (GLOBE NEWSWIRE) — Le Fonds de Placement Immobilier Nexus (le « FPI Nexus » ou le « FPI ») (TSXV : NXR.UN) a annoncé aujourd’hui que le plan pour maximiser la valeur de sa propriété située à Richmond (Colombie-Britannique) progressait. Le FPI a conclu des contrats de location avec deux nouveaux locataires pour environ 60 000… [Read More]

WPT INDUSTRIAL REIT ANNOUNCES CLOSING OF US$730 MILLION DISTRIBUTION AND LOGISTICS PORTFOLIO ACQUISITION AND US$600 MILLION EXPANSION TO CREDIT FACILITY

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NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, March 26, 2020 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX:WIR.U, WIR.R, WIR.UN – OTCQX: WPTIF) announced today the closing of the previously announced acquisition of a portfolio of 26 U.S. distribution and logistics properties totaling approximately… [Read More]

Timbercreek Financial Corp. announces normal course issuer bid

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TORONTO, March 26, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (the “Company“) announced today that it has obtained the approval of the Toronto Stock Exchange (the “TSX“) to commence a normal course issuer bid (the “NCIB”) with respect to its common shares (the “Shares”). The NCIB will commence on March 30, 2020 and will… [Read More]

Melcor & the REIT announce measures taken to respond to current economic situation

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EDMONTON, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD) and Melcor Real Estate Investment Trust (TSX: MR.UN) today announced a number of the measures taken in response to unprecedented economic challenges brought about by the COVID-19 global pandemic and the drastic drop in the price of Alberta oil. To respond to… [Read More]

SmartCentres Declares Distribution for March 2020

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TORONTO, March 25, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of March 2020 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis.  Payment will be made on April 15, 2020 to… [Read More]

SUSTAINABLE INFRASTRUCTURE DIVIDEND FUND IPO Raises $80 Million

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CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Middlefield Group, on behalf of Sustainable Infrastructure Dividend Fund (the “Fund”), is pleased to announce that the Fund has completed its initial public offering of 8,000,000 units at a price of $10.00 per unit for gross proceeds of $80 million. The units are listed on the Toronto… [Read More]

Timbercreek Financial Declares March 2020 Dividend

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TORONTO, March 24, 2020 (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 April 15, 2020 to holders of Common Shares of record on… [Read More]

DREAM UNLIMITED CORP. ACQUIRES UNITS OF DREAM OFFICE REAL ESTATE INVESTMENT TRUST

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TORONTO, March 23, 2020 (GLOBE NEWSWIRE) — Dream Unlimited Corp. (TSX: DRM) (“Dream”) announced today that it has acquired 390,000 REIT Units, Series A (“Units”) of Dream Office REIT (TSX: D.UN) (“Dream Office REIT”), representing approximately 0.6% of the issued and outstanding Units on the Toronto Stock Exchange (the “TSX”) for aggregate consideration of $6,279,000… [Read More]

Maplewood International REIT Announces Special Cash Distribution for 2020 Fiscal Year

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MISSISSAUGA, Ontario, March 23, 2020 (GLOBE NEWSWIRE) — (TSXV: MWI.UN) Maplewood International Real Estate Investment Trust (the “REIT”), announced today that as a result of the REIT’s successful closing of the sale of its sole investment property in the Netherlands, as… [Read More]