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RioCan to Acquire KingSett Capital’s 50% Interest in Yonge Sheppard Centre; KingSett Capital Investing $100 Million in RioCan Units

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TORONTO, June 06, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”, TSX:REI.UN) announced today that it has agreed to acquire from KingSett Capital’s Canadian Real Estate Income Fund (“KingSett”) its non-managing, 50% co-ownership interest in Yonge Sheppard Centre (the “Centre”) for an estimated $331 million, net of certain working capital adjustments. The parties… [Read More]

Summit Industrial Income REIT– Announces C$130 Million Bought Deal Financing

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, June 03, 2019 (GLOBE NEWSWIRE) — Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets (collectively, the “Underwriters“) to… [Read More]

Mountain China Resorts Reports 2019 First Quarter Financial and Operational Results

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BEIJING, May 31, 2019 (GLOBE NEWSWIRE) — Mountain China Resorts (Holding) Limited (TSXV: MCG) (“MCR” or the “Company”), today reported its financial results for the quarter ended March 31, 2019. MCR reports its results in Canadian Dollars. Financial Results Total revenue and the net results were from resort operations sales revenue during the Reporting Period…. [Read More]

Partners REIT Initiates Strategic Review

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TORONTO, May 29, 2019 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) today announced that its board of trustees (the “Board”) has initiated a process to explore and evaluate strategic alternatives available to the REIT, which may include, but is not limited to a sale of the REIT itself;… [Read More]

StorageVault Completes Previously Announced Purchase of British Columbia Store for $28.5 Million and Issues Options

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TORONTO, May 29, 2019 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, further to its May 14, 2019 news release, it has completed the acquisition of the British Columbia store (the “Acquisition”).  SVI paid $27.25 million to an arms length vendor for the real property and paid $1.25 million to… [Read More]

Report on Financial Results for the Three Months Ended March 31, 2019

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TORONTO, May 29, 2019 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three months ended March 31, 2019 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND… [Read More]

RioCan Real Estate Investment Trust Announces Results of Voting at RioCan’s Annual Meeting

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TORONTO, May 28, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced the results of the votes held at its May 28, 2019 Annual Meeting of unitholders (the “Meeting”). The total number of units represented by unitholders present in person or by proxy at the Meeting was 184,869,634; representing 60.86%… [Read More]

CAPREIT Completes Purchase of 4,079 MHC Sites Across Canada

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TORONTO, May 28, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of a portfolio of 23 Manufactured Housing Communities (“MHC”) sites totaling 3,469 sites located across Canada, previously announced in connection with the April 23, 2019 equity offering of $345 million (“Offering”),… [Read More]