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RioCan Announces Third Quarter Results for 2019

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TORONTO, Nov. 06, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) today announced its financial results for the three and nine months ended September 30, 2019 (“Third Quarter”). “In the Third Quarter, we continued to make great strides towards our long term strategic goals, both in terms of our major market… [Read More]

Brookfield Property Partners Reports Third Quarter 2019 Results

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All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Nov. 06, 2019 (GLOBE NEWSWIRE) —  Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPR; TSX: BPY.UN) (“BPY”) today announced financial results for the quarter ended September 30, 2019.  “In the third quarter we continued to execute our strategy of divesting interests in mature,… [Read More]

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]