Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, May 02, 2022 (GLOBE NEWSWIRE) — Northview Fund (TSX.NHF.UN) (the “Fund“) is pleased to announce that effective May 2, 2022, Kelly Smith has been appointed as an independent trustee of the Fund. Ms. Smith has over 30 years of… [Read More]
Firm Capital Apartment REIT Announces Completion of Previously Announced $26.8 Million Houston Property Joint Venture Buy-Out and $3.5 Million, 12% Preferred Capital Investment
All amounts are in US Dollars unless otherwise stated. TORONTO, May 02, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.U), (TSXV: FCA) is pleased to announce the closing of the previously announced (see press release dated April 18, 2022) acquisitions of a 50% interest in another of the Trust’s Equity Accounted Investments… [Read More]
European Residential REIT Continues Organic and External Growth in 2022 with Strong First Quarter Results
TORONTO, May 02, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three months ended March 31, 2022. ERES’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2022 can be found… [Read More]
CAPREIT Continues to Invest in Affordable Housing and Value Creation
TORONTO, May 02, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it had completed the purchase of a 172-site Manufactured Housing Community (“MHC”) located in Red Deer, Alberta. The community, developed in 2000, was acquired for $16.5 million, funded with existing liquidity. Occupancy was 100% at closing…. [Read More]
Michael Stein to Retire from CAPREIT’s Board of Trustees After Twenty-Five Years Delivering Value to Unitholders
TORONTO, April 28, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that Mr. Michael Stein will be retiring from CAPREIT’s Board of Trustees (the “Board”) effective at the end of his current term, following CAPRET’s 2022 Annual and Special Meeting of Unitholders on Wednesday, June 1, 2022 (the… [Read More]
Allied Announces First-Quarter Results
TORONTO, April 27, 2022 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for the three months ended March 31, 2022. “Allied’s first-quarter results for 2022 met or exceeded expectations, with AFFO per unit and average in-place net rent per occupied square foot rising to record levels,” said Michael Emory,… [Read More]
FirstService Reports Better Than Anticipated First Quarter Results
Robust Top-Line Growth Across All Business Lines Operating highlights: Three months ended March 31 2022 2021 Revenues (millions) $ 834.6 $ 711.1 Adjusted EBITDA (millions) (note 1) 62.3 59.8 Adjusted EPS (note 2) 0.73 … [Read More]
SmartCentres Declares Distribution for April 2022
TORONTO, April 25, 2022 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of April 2022 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on May… [Read More]
Chris McLernon to lead global real estate services reporting to Jay Hennick
Davoud Amel-Azizpour named CEO of EMEA Region TORONTO, April 25, 2022 (GLOBE NEWSWIRE) — Leading global professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced the appointment of Chris McLernon as Chief Executive Officer of Real Estate Services| Global. McLernon will be based in the firm’s global headquarters in Toronto, reporting… [Read More]
Timbercreek Financial Declares April 2022 Dividend
TORONTO, April 22, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on May 13, 2022 to holders of Common Shares of record on April 29, 2022. The Company… [Read More]
Report On Financial Results for the Year Ended December 31, 2021
TORONTO, April 21, 2022 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the year ended December 31, 2021 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND STRATEGY… [Read More]
Halmont Properties Corporation Year End Results
TORONTO, April 20, 2022 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) announced today that net income to common shareholders for the year ended December 31, 2021, was $5.89 million as compared to net income of $4.82 million for the year ended December 31, 2020. (millions, except per share amounts) Year… [Read More]
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