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Allied to Fund Westbank’s Urban Workspace Project at 720 Beatty Street in Vancouver

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TORONTO, July 31, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has agreed to fund Westbank’s urban workspace project at 720 Beatty Street in Vancouver (the “Property”). “Providing this funding to Westbank will enable us to generate an accretive return from the outset,” said Michael Emory, President… [Read More]

Melcor REIT announces second quarter 2019 results

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Highlights Rental revenue remained stable over Q2-2018 at $17.47 million; $35.42 million year to date Net operating income grew 3% over Q2-2018 at $11.38 million; 1% to $22.39 million year to date Adjusted funds from operations (AFFO) declined 4% to $4.78 million or $0.17 per unit in the quarter; down 5% to $9.39 million or… [Read More]

Timbercreek Financial Declares July 2019 Dividend and Will Release Second Quarter 2019 Financial Results on Wednesday August 7, 2019

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TORONTO, July 24, 2019 (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 August 15, 2019 to holders of Common Shares of record on… [Read More]

FirstService Reports Strong Second Quarter Results

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Robust, Balanced Organic Growth Drives Double-Digit Revenue Increases Across Both FirstService Residential and FirstService Brands Operating highlights:     Three months ended   Six months ended     June 30   June 30     2019     2018   2019     2018                      … [Read More]

Invesque Inc. Announces Receipt of Shareholder Approval by Way of Consents and Private Placement of Preferred Shares

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TORONTO, July 23, 2019 (GLOBE NEWSWIRE) — Invesque Inc. (TSX: IVQ-U) (“Invesque” or the “Corporation”) today announced that it that it has obtained consents from shareholders of the Corporation (“Shareholders”) holding, in the aggregate, more than 50% of the Corporation’s issued and outstanding common shares (“Shares”), approving the issuance of securities to the sellers in… [Read More]

Dream Hard Asset Alternatives Trust Announces July 2019 Monthly Distribution

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TORONTO, July 22, 2019 (GLOBE NEWSWIRE) — DREAM HARD ASSET ALTERNATIVES TRUST (TSX: DRA.UN) (“Dream Alternatives”) today announced its July 2019 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The July distribution will be payable on August 15, 2019 to unitholders of record as at July 31, 2019.  Dream Alternatives… [Read More]

The Becker Milk Company Limited 2019 Annual Financial Results

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TORONTO, July 19, 2019 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the year ended April 30, 2019. HIGHLIGHTS Total revenues for the year ended April 30, 2019 were $3,143,640 compared to $3,293,197 for the same period in 2018; Net operating income for the year… [Read More]

Dream Hard Asset Alternatives Trust Announces Intention to Commence Substantial Issuer Bid

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TORONTO, July 18, 2019 (GLOBE NEWSWIRE) — DREAM HARD ASSET ALTERNATIVES TRUST (DRA.UN-TSX) (“Dream Alternatives”, the “Trust” or “we”) today announced its intention to commence a substantial issuer bid (the “Offer”) pursuant to which the Trust will offer to purchase up to 4,000,000 of its outstanding units (“Units”) at a purchase price of $8.00 per… [Read More]

SmartCentres Announces Development of Two Residential Towers in Ottawa

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TORONTO, July 18, 2019 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that it has entered into a partnership agreement with Selection Group (formerly Réseau Sélection) to develop a mixed-use complex at SmartCentres’ Laurentian Place shopping centre at the corner of Baseline Road and Clyde Avenue in Ottawa. Consistent with the… [Read More]

SmartCentres Declares Distribution for July 2019

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TORONTO, July 18, 2019 (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 July 2019 of CDN $0.15 per trust unit, representing CDN $1.80 per unit on an annualized basis.  Payment will be made on August 15, 2019 to… [Read More]

Allied Announces Closing of Acquisitions in Montréal

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TORONTO, July 17, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) announced today that it has completed the previously announced acquisition of 700 de la Gauchetière Street West (“700 DLG”) and the RCA Building, 1001 Lenoir Street (the “RCA Building”), both in Montréal. Urban Montréal Allied has owned, managed and redeveloped urban… [Read More]