TORONTO, ONTARIO–(Marketwired – Aug. 3, 2016) – Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced results for its second quarter ended June 30, 2016. “Our rental and development portfolios met expectations in the first half,” said Michael Emory, President & CEO. “I expect this to continue through the remainder of the year. Our… [Read More]
Canadian Apartment Properties Real Estate Investment Trust Announces Closing of $165 MM Equity Financing
TORONTO, ONTARIO–(Marketwired – Aug. 3, 2016) – NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that it has closed its previously announced issue and sale of 5,126,000 units for $32.20 per unit for aggregate gross proceeds of $165,057,200, which… [Read More]
SmartREIT Announces PWC as Lead Tenant in Its New Class-A Office Tower at Vaughan Metropolitan Centre
TORONTO, ONTARIO–(Marketwired – Aug. 2, 2016) – Smart Real Estate Investment Trust (TSX:SRU.UN) and Mitchell Goldhar today announced plans for a new Class-A office tower in the Vaughan Metropolitan Centre (“VMC”) with professional services firm PwC Canada as the lead tenant. VMC is the new downtown of Vaughan at Highway 400 and Highway 7, a… [Read More]
RioCan Real Estate Investment Trust Announces Financial Results and 8.1% Growth in Continuing Operating Funds From Operations for the Second Quarter of 2016
TORONTO, ONTARIO–(Marketwired – July 29, 2016) – RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) – RioCan’s HIGHLIGHTS for the three and six months ended June 30, 2016 were: During the quarter, RioCan completed the sale of its U.S. operations. With the proceeds from the sale, RioCan has reduced its Total Debt to Total Assets ratio… [Read More]
InterRent REIT Results for the Second Quarter of 2016
OTTAWA, ONTARIO–(Marketwired – July 28, 2016) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES InterRent Real Estate Investment Trust (TSX:IIP.UN) (“InterRent” or the “REIT“) today reported financial results for the second quarter ended June 30, 2016. Highlights Gross rental revenue for the quarter increased by $4.5 million,… [Read More]
Agellan Commercial Real Estate Investment Trust Announces Agreements to Sell a Portion of Parkway Place
TORONTO, ONTARIO–(Marketwired – July 27, 2016) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES Agellan Commercial Real Estate Investment Trust (the “REIT”) (TSX:ACR.UN) announced today that it has entered into agreements with certain private purchasers to sell a portion of the REIT’s Consumers Road office complex in… [Read More]
CAPREIT Sells Montreal Property
TORONTO, ONTARIO–(Marketwired – July 27, 2016) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today it has completed the sale of a building containing 145 mid-tier suites located at 1150 and 1160 Sherbrooke Street East in Montréal, Québec for $24.8 million and includes the assumption by the purchaser of approximately $12.1 million… [Read More]
Edgefront REIT to Purchase Ontario Industrial Property
CALGARY, ALBERTA–(Marketwired – July 27, 2016) – Edgefront Real Estate Investment Trust (the “REIT”) (TSX VENTURE:ED.UN) is pleased to announce that it has entered into an agreement to acquire a single tenant 150,000 sq ft industrial property located in Cambridge, Ontario. The purchase price of $8.4 million represents a going in cap rate of 7.5%…. [Read More]
RioCan, Allied and Diamondcorp to Sell Residential Component of the Well to Tridel and Woodbourne
TORONTO, ONTARIO–(Marketwired – July 26, 2016) – RioCan REIT (TSX:REI.UN), Allied Properties REIT (TSX:AP.UN) and Diamondcorp (collectively, “The Well JV”) today announced that they have entered into a binding agreement to sell the residential component of The Well to Tridel Builders Inc. and Woodbourne Canada Partners III (CA) LP for approximately $180 million, subject to… [Read More]
Agellan Commercial Real Estate Investment Trust Announces $40 Million Bought Deal Financing
TORONTO, ONTARIO–(Marketwired – July 25, 2016) – NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Agellan Commercial Real Estate Investment Trust (TSX:ACR.UN) (the “REIT”) announced today that is has entered into an agreement to sell to a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets… [Read More]
Edgefront Real Estate Investment Trust Announces Release Date for Second Quarter Results, July 2016 Distribution, and Payment of Trustee Fees in Units
CALGARY, ALBERTA–(Marketwired – July 22, 2016) – Edgefront Real Estate Investment Trust (the “REIT”) (TSX VENTURE:ED.UN) announced today that it intends to release its financial results for the second quarter ended June 30, 2016 before the opening of the TSX Venture Exchange on Thursday August 18, 2016. Kelly Hanczyk, President and Chief Executive Officer of… [Read More]
SmartREIT Announces Executive Promotion
VAUGHAN, ONTARIO–(Marketwired – July 21, 2016) – Smart Real Estate Investment Trust (TSX:SRU.UN) announces today that effective July 21, 2016 Peter Forde is promoted to President of SmartREIT, reporting to Huw Thomas, the REIT’s CEO. “We are a growing REIT. Particularly with the acquisition last year of SmartCentres, SmartREIT has many exciting, accretive developments underway,… [Read More]
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