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Urbanfund Corp. Announces the Closing of Sale of the "Place Concordia" Joint Venture Property

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TORONTO, ONTARIO–(Marketwired – Aug. 4, 2015) – Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX VENTURE:UFC) (“Urbanfund” or the “Company”), confirmed today that the joint venture with Westdale Construction Co. Limited (“Westdale”) has completed the sale of the property known municipally as 2825 and 2835 Rue de la Concord and 2840 Rue… [Read More]

PROREIT to Acquire Boulevard Industrial REIT in a Supported Transaction

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– Transaction increases scale of PROREIT’s portfolio to over $200 million of gross book value through the acquisition of Boulevard – Transaction is expected to be accretive to PROREIT’s net asset value and AFFO (adjusted funds from operations) per unit – PROREIT will acquire high quality real estate, consistent with PROREIT’s portfolio – Boulevard unitholders… [Read More]

CAPREIT Continues to Grow in Vibrant British Columbia Market

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TORONTO, ONTARIO–(Marketwired – July 31, 2015) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of Yorkson Grove, a 58 suite luxury apartment property located in Langley, British Columbia for a purchase price (excluding transaction costs) of approximately $17.0 million. The purchase was funded with CAPREIT’s… [Read More]

RioCan Real Estate Investment Trust Announces 7% Growth in Operating Funds From Operations in the Second Quarter of 2015

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TORONTO, ONTARIO–(Marketwired – July 31, 2015) – RioCan’s (TSX:REI.UN) HIGHLIGHTS for the three and six months ended June 30, 2015 were: RioCan’s Operating Funds From Operations (“Operating FFO”) for the three months ended June 30, 2015 (“Second Quarter”) was $136 million or $0.43 per Unit compared to $127 million or $0.42 per Unit for the… [Read More]

Dream Unlimited Corp. Reports Second Quarter 2015 Results and Announces Significant New Financing Transactions

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TORONTO, ONTARIO–(Marketwired – July 30, 2015) – Dream Unlimited Corp. (TSX:DRM)(TSX:DRM.PR.A) (“Dream”, “the Company” or “we”) today announced its financial results for the three and six months ended June 30, 2015. Basic earnings per share (“EPS”) for the three months ended June 30, 2015 were $1.10, up from $0.16 for for the three months ended… [Read More]

CAPREIT Enters First Joint Venture Property Development Contract in Toronto's King High Line Project

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TORONTO, ONTARIO–(Marketwired – July 29, 2015) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has entered into an agreement to acquire a one-third undivided interest in the residential component of the King High Line Project, a mixed-use property development located at 1100 King Street West in downtown Toronto, Ontario… [Read More]

InterRent REIT Results for the Second Quarter of 2015

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OTTAWA, ONTARIO–(Marketwired – July 29, 2015) – 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, 2015. Highlights The stabilized portfolio increased to $978 (June 2015) from $942… [Read More]

Tricon Capital Group Announces New Strategic Initiative, Tricon Luxury Residences, and Bought Deal Equity Financing

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TORONTO, ONTARIO–(Marketwired – July 28, 2015) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES. Tricon Capital Group Inc. (“Tricon” or the “Company”) (TSX:TCN) today announced a new strategic initiative focused on the development and management of a portfolio of Class-A purpose-built luxury rental apartments across the United States… [Read More]

Urbanfund Corp. Announces Completion of Acquisition of Controlling Interest in Multi-Residential Rental Complex Redevelopment Project

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TORONTO, ONTARIO–(Marketwired – July 28, 2015) – Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX VENTURE:UFC) (“Urbanfund” or the “Company”), announced today that the Company completed the acquisition of a controlling interest in a multi-residential rental complex redevelopment project located at 48 Weber Street West in Kitchener, Ontario (the “Property”), which Property… [Read More]

CAPREIT Announces Normal Course Issuer Bid

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TORONTO, ONTARIO–(Marketwired – July 23, 2015) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT“) (TSX:CAR.UN) announced today that the Toronto Stock Exchange (the “TSX“) has approved its notice of intention to make a normal course issuer bid for its units (“Units“) as appropriate opportunities arise from time to time. CAPREIT’s normal course issuer bid… [Read More]

Urbanfund Corp. Declares Dividend

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TORONTO, ONTARIO–(Marketwired – July 22, 2015) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX VENTURE:UFC) (the “Company”), announces that the board of directors of the Company has declared a dividend of $0.00125 per common share and $0.00125… [Read More]