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Northview Fund announces recapitalization transaction including the acquisition of three portfolios for $742 million and its intention to transform into Northview Residential REIT, a $2.7 billion, internally managed, traditional open-ended real estate investment trust focused on national multi-family properties

June 12, 2023 By Globenewswire Tagged With: TSX: NHF-UN

Highlights Northview will acquire over 3,300 multi-family suites and 119,000 commercial square feet for $742 million in exchange for Northview Fund units, exchangeable units and redeemable units at an issue price of $15.06 per unit and the assumption of in-place financing Northview Residential REIT’s portfolio will consist of 14,622 multi-family suites and execusuites and 1.25… [Read More]

CAPREIT Divests $103MM in Non-Core Properties & Reinvests $74MM in New Build Properties

June 8, 2023 By Globenewswire Tagged With: TSX:CAR.UN

TORONTO, June 08, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has closed on three dispositions of non-core properties built between 1971 and 1999 for combined consideration of $103.3 million (excluding disposition costs). CAPREIT also announced that it has reinvested a total of $74.1 million (excluding… [Read More]

Melcor Developments Ltd. Announces Normal Course Issuer Bid

June 5, 2023 By Globenewswire Tagged With: TSX:MRD

EDMONTON, Alberta, June 05, 2023 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX:MRD), an Alberta-based real estate development and asset management company, announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX and on alternative trading systems. The notice provides… [Read More]

European Residential Real Estate Investment Trust Announces Results of 2023 Annual Meeting

June 1, 2023 By Globenewswire Tagged With: TSX:ERE.UN

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN) (“ERES”) announced today that, at its Annual Meeting of Unitholders held today, each of the items of business referred to in its management information circular dated April 12, 2023 (the “Circular”) were passed by a vote held by ballot. A… [Read More]

CAPREIT Announces Results of 2023 Annual General Meeting

June 1, 2023 By Globenewswire Tagged With: TSX:CAR.UN

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that, at its Annual General Meeting of Unitholders held today (the “Meeting”), each of the items of business referred to in its management information circular dated April 12, 2023 (the “Circular”) were passed by a vote held… [Read More]

StorageVault Purchases Brossard, Quebec Property with Automotive Properties REIT

June 1, 2023 By Globenewswire Tagged With: TSX:SVI

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) and Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (“Automotive Properties REIT” or the “REIT”) is pleased to announce that they have entered into a 50/50 joint venture (the “Joint Venture”) to acquire an automotive dealership property located at 9425 Taschereau Boulevard in… [Read More]

Allied Announces Voting Results of Meeting of Holders of Series C Debentures

June 1, 2023 By Globenewswire Tagged With: TSX:AP.UN

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today the results of a matter voted on at a meeting of the holders (“Debentureholders”) of 3.646% Series C Unsecured Debentures due April 21, 2025 (the “Series C Debentures”), of Allied held on June 1, 2023 (the “Meeting”). The voting results are… [Read More]

Colliers releases annual Global Impact Report

June 1, 2023 By Globenewswire Tagged With: TSX:CIGI

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Colliers (NASDAQ and TSX: CIGI) released its third annual Impact Report today, highlighting progress towards realizing a more sustainable and equitable future for all. This report includes information on how Colliers is delivering resilient buildings, inclusive workplaces, and spaces that promote health and wellbeing. Key 2022 performance highlights include:… [Read More]

Terra Firma Capital Corporation Reports First Quarter 2023 Financial Results

May 30, 2023 By Globenewswire Tagged With: TSX-V:TII

All amounts are stated in United States dollars unless otherwise indicated. TORONTO, May 30, 2023 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company“), a real estate finance company, today announced its financial results for the three months ended March 31, 2023. Q1 2023 Financial Highlights: Total Assets of $141.4… [Read More]

SmartCentres Real Estate Investment Trust Closes $300 Million Series Z Senior Unsecured Debenture Issue

May 29, 2023 By Globenewswire Tagged With: TSX:SRU.UN

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, May 29, 2023 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has closed its previously announced private placement of $300 million aggregate principal amount of 5.354% Series Z senior unsecured debentures. The… [Read More]

Firm Capital Apartment REIT Reports Q1/2023 Results and Provides Strategic Review Update

May 29, 2023 By Globenewswire Tagged With: TSX-V:FCA.U, TSX-V:FCA.UN

All figures in $USD unless otherwise noted.TORONTO, May 29, 2023 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three months ended March 31, 2023 as well as provide an update regarding the previously announced Strategic Review: EARNINGS For… [Read More]

Allied Announces Successful Consent Solicitation and Cancellation of Debentureholder Meeting for Series D-I Debentures

May 29, 2023 By Globenewswire Tagged With: TSX:AP.UN

TORONTO, May 29, 2023 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that it has solicited consents and proxies from holders (“Debentureholders”) of its 3.636% Series C Senior Unsecured Debentures due April 21, 2025 (“Series C Debentures”), 3.394% Series D Senior Unsecured Debentures due August 15, 2029 (“Series D Debentures”), 3.113% Series E… [Read More]

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