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CAPREIT Completes Acquisition of Interest in Luxury GTA Property

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TORONTO, Nov. 01, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that yesterday it has completed the acquisition of a one-third interest in the 506 luxurious, brand-new rental suites that form part of the mixed-use development on King Street West in downtown Toronto (Kings Club). As previously disclosed,… [Read More]

Melcor REIT announces third quarter 2019 results

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EDMONTON, Alberta, Oct. 31, 2019 (GLOBE NEWSWIRE) — Highlights Rental revenue was up 1% over Q3-2018 at $17.47 million; remained stable at $52.89 million year to date Net operating income grew 6% over Q3-2018 at $11.46 million; 3% to $33.85 million year to date Adjusted funds from operations (AFFO) increased 8% to $4.86 million or… [Read More]

Allied Announces Third-Quarter Results

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TORONTO, Oct. 30, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for its third quarter ended September 30, 2019. “We propelled strong internal and external growth in the first three quarters of 2019, with a mid-single-digit percentage increase in same-asset NOI, FFO per unit and AFFO per unit… [Read More]

ERES to Acquire Nine Property Residential Portfolio in the Netherlands

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TORONTO, Oct. 30, 2019 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES”) (TSXV:ERE.UN) announced today it has agreed to purchase from a third party a portfolio of nine properties containing a total of 294 residential suites in five attractive locations in the Netherlands (the “Acquisition Portfolio”). ERES will pay €67.3 million for the… [Read More]

Firm Capital Property Trust Announces Closing of Both a 50% Interest in a $11.4 Million Industrial Portfolio and First Tranche of Private Placement

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TORONTO, Oct. 29, 2019 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“) (TSXV: FCD.UN) is pleased to announce the closing of an acquisition of a 50% interest in two industrial properties located in Edmonton, Alberta (the “Portfolio”) that was previously announced on September 18, 2019. The acquisition price for 100% of the… [Read More]

Northview Apartment REIT Announces New Time for 2019 Third Quarter Webcast & Conference Call

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CALGARY, Alberta, Oct. 29, 2019 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview”) (NVU.UN – TSX) announced today that the new time for its 2019 third quarter webcast and conference call on November 8, 2019 will be 2:00 p.m. Eastern Time. It was previously scheduled for 11:00 a.m. Eastern Time. WEBCAST INFORMATION Date:… [Read More]

WPT Industrial REIT Announces Closing of US$85 Million Bought Deal Financing

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NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, Oct. 29, 2019 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (TSX:WIR.U) (OTCQX: WPTIF) (the “REIT”) announced today that it has completed its previously announced public offering of 6,160,000 units (the “Units”) of the REIT at a price of US$13.80… [Read More]

Melcor REIT Completes $46 Million Convertible Debenture Public Offering

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EDMONTON, Alberta, Oct. 29, 2019 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today the successful issue and sale (the “Offering”) of $46.0 million aggregate principal amount of 5.10% convertible unsecured subordinated debentures (the “Debentures”), including gross proceeds of $6.0 million from the exercise of the over-allotment option in full. The… [Read More]

Urbanfund Corp. Announces Upcoming Acquisition of 20% Interest in 145 Unit Residential Portfolio, in Dartmouth, Nova Scotia

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TORONTO, Ontario, Oct. 28, 2019 (GLOBE NEWSWIRE) — Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX Venture: “UFC”) (“Urbanfund” or, the “Company”), announced today that the Company has entered into a binding agreement along with Westdale Construction Limited (“Westdale”) to purchase a 20% interest the 145 unit Bellbrook and Regal Luxury Apartment… [Read More]

RioCan Announces Closing of $230 Million Public Equity Offering

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–  NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES – TORONTO, Oct. 28, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) announced today that it has closed its previously announced offering of 8,935,500 trust units (the “Units”) (inclusive of 1,165,500 Units issued pursuant to the exercise in… [Read More]

CORRECTION — Timbercreek Financial Declares October 2019 Dividend and Will Release Third Quarter 2019 Financial Results on Wednesday, November 13, 2019

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TORONTO, Oct. 23, 2019 (GLOBE NEWSWIRE) — In the news release originally issued on October 23, 2019, inadvertent errors occurred in the following paragraphs: (1) in the first paragraph, the payable date is November 15, 2019 and not October 15, 2019 and the record date is October 31, 2019 and not September 30, 2019; (2)… [Read More]