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InterRent Property Acquisition Update

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, Feb. 12, 2018 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it has reached an unconditional agreement to acquire 2 properties, totalling 172 suites, in Grimsby, Ontario for $21,075,000.    The properties are located… [Read More]

Terra Firma Capital Corporation Announces the Closing of a First Mortgage Loan in Palm Springs, California

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TORONTO, Feb. 12, 2018 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V:TII) (“Terra Firma” or the “Company”), is pleased to announce the closing of a first mortgage loan (the “Loan”) totaling US$4.8 million (CDN$6 million) secured by fully entitled commercial development land located in Palm Springs, California.

InterRent REIT Announces Internalization of Property Management

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, Feb. 06, 2018 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX:IIP.UN) (“InterRent” or the “REIT”) announced today that it has entered into an agreement (the “Asset Purchase Agreement”) with CLV Group Inc., the REIT’s external property manager (“CLV… [Read More]

InterRent Announces January 2018 Distributions

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OTTAWA, Jan. 23, 2018 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of January 2018 is $0.0225 per Trust unit, equal to $0.27 per Trust unit on an annualized basis.  Payment will be made on or about February 15, 2018 to unitholders of record… [Read More]

Melcor Closes $80.875 Million Sale to Melcor REIT

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EDMONTON, AB–(Marketwired – January 12, 2018) – Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, announced today that it has completed the sale of five commercial properties comprised of 172,629 sf gross leasable area (GLA) at its ownership percentage to Melcor Real Estate Investment Trust (the REIT) for $80.875… [Read More]

InterRent Announces December 2017 Distributions

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OTTAWA, Dec. 21, 2017 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of December 2017 is $0.0225 per Trust unit, equal to $0.27 per Trust unit on an annualized… [Read More]

Terra Firma Capital Corporation Announces Closing of Two First Mortgage Transactions in Two Projects Totalling US$21.1 Million (CDN$27.1 Million) and Stock Option Grants

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TORONTO, ONTARIO–(Marketwired – Dec. 21, 2017) – Terra Firma Capital Corporation (TSX VENTURE:TII) (“Terra Firma” or the “Company”), is pleased to announce the closing of two first mortgage loans (the “Loan(s)”) to separate and unrelated borrowers in the U.S. totaling US$21.1 million (CDN$27.1 million). The Loans comprise a US$12.5 million (CDN$16.1 million) first mortgage loan… [Read More]

Terra Firma Capital Corporation Announces Resignation of Director

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TORONTO, ONTARIO–(Marketwired – Dec. 5, 2017) – Terra Firma Capital Corporation (TSX VENTURE:TII) (“Terra Firma” or the “Company“), a real estate finance company, announces that Mr. Reuben Rosenblatt, QC has resigned from the Board of Directors, effective immediately to focus on his other professional commitments. Mr. Rosenblatt has been a director of the Company since… [Read More]