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CAPREIT Sells Three Non-Core Quebec City Properties

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TORONTO, Dec. 12, 2018 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has sold three non-core properties in Quebec City totaling 217 suites. The properties will sell for a total price of $24.9 million, the proceeds of which will be used to repay mortgages on the properties… [Read More]

Allied Announces $125 Million in Acquisitions and Upward Refinancing of Unsecured Term Loan

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TORONTO, Dec. 11, 2018 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) announced today that it expects to close six strategic in-fill acquisitions in the fourth quarter for an aggregate purchase price of $125 million. Allied also announced that it has upward refinanced an unsecured term loan coming due on December 14, 2018…. [Read More]

Northview Apartment REIT Announces Closing of Strategic Acquisition in Ontario

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CALGARY, Alberta, Dec. 06, 2018 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview”) (NVU.UN – TSX) announced today it has closed the acquisition of a 563 unit portfolio of five apartment properties from independent vendors in Toronto and London, Ontario. The acquisition of these properties, along with an 81 unit property in Guelph,… [Read More]

CAPREIT Completes Property Acquisitions in the Netherlands

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TORONTO, Dec. 05, 2018 (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 seven properties in five urban centres in the Netherlands totaling 376 residential suites. The portfolio consists of 294 single family rental homes and 82 multi-family rental suites,… [Read More]

FirstService Declares Quarterly Cash Dividend on Common Shares

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TORONTO, Dec. 04, 2018 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService“) announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares of the Company (together, the “Common Shares“) of US$0.135 per Common Share.  The dividend is payable on January… [Read More]

Allied Announces Distribution Increase and December 2018 Distribution

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TORONTO, Dec. 04, 2018 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:”AP.UN”) announced today that its Trustees have (i) approved an increase in Allied’s monthly cash distributions from $0.130 per unit ($1.56 per unit annualized) to $0.133 per unit ($1.60 per unit annualized) and (ii) declared a distribution of $0.133 per unit for the month of… [Read More]

CAPREIT Completes Netherlands Acquisition

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TORONTO, Dec. 03, 2018 (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 225 single family rental homes and 120 multi-family rental suites in six properties well-located in three urban centres in the Netherlands totaling 345 residential rental suites for… [Read More]

Mountain China Resorts Reports 2018 Third Quarter Financial and Operational Results

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BEIJING, Nov. 30, 2018 (GLOBE NEWSWIRE) — Mountain China Resorts (Holding) Limited (TSXV: MCG) (“MCR” or the “Company”), reported its financial results for the quarter ended September 30, 2018. MCR reports its results in Canadian Dollars. Financial Results Club Med carried out 2018 summer operations from July 1st, to August 26th, 2018 (57 days in… [Read More]