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Nexus Real Estate Investment Trust Announces Closing of $34.9 Million Bought Deal Equity Offering

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/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO and MONTRÉAL, March 04, 2021 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (“Nexus” or the “REIT”) (TSX: NXR.UN) announced today the closing of its previously announced public offering (the “Offering”) of trust units of the REIT (the “Units”) to a… [Read More]

FPI Nexus annonce la clôture du placement par prise ferme de 34,9 millions $

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/NE PAS DISTRIBUER VIA LES AGENCES DE PRESSE AMERICAINES NI DIFFUSER AUX ÉTATS-UNIS/ MONTRÉAL et TORONTO, 04 mars 2021 (GLOBE NEWSWIRE) — Le Fonds de Placement Immobilier Nexus (le « FPI Nexus » ou le « FPI ») (TSX : NXR.UN) a annoncé aujourd’hui la clôture du placement public préalablement annoncé (le « Placement ») de parts de fiducie du FPI (les « Parts ») à… [Read More]

Global Restoration Completes Two Acquisitions

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TORONTO, March 04, 2021 (GLOBE NEWSWIRE) —  FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that its subsidiary, Global Restoration Holdings (“Global”), has recently acquired Spectrum Restoration Services Ltd. (“Spectrum”) and Trilink Restoration Services, LLC (“Trilink”). Terms of the transactions were not disclosed. Spectrum, established in 2006 and based near Edmonton, Alberta, is a… [Read More]

PROREIT Provides Operational and Financial Update

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$46.6 million ten-year mortgage refinancing $13.0 million in proceeds from sale of two properties 99.8% of rent collected in January and February 2021 76% of 604,134 square feet maturing in 2021 renewed to date $35 million in operating liquidity MONTREAL, March 4, 2021 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX:… [Read More]

Tricon Delivers Strong Q4 2020 Results as Single-Family Rental Flourishes

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./ TORONTO, March 3, 2021 /CNW/ – Tricon Residential Inc. (TSX: TCN) (“Tricon” or the “Company”), a rental housing company catering to the middle-market demographic throughout the United States and Canada, announced today its consolidated financial results for the year ended December… [Read More]

True North Commercial REIT Reports Q4 2020 and Year End Results

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High quality government and credit rated tenant base results in 99% contractual rent collection, NOI growth of 21% and strong occupancy of 98% 545,600 sq ft leased/renewed with a WALT of 7.8 years during 2020 /NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES./ TORONTO, March 3, 2021 /CNW/ – True North Commercial Real Estate… [Read More]

StorageVault to Acquire 15 Storage Locations for $100 Million

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TORONTO, March 03, 2021 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) has agreed to acquire 15 stores from seven vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $100,000,000, subject to customary adjustments (the “Acquisitions”). Five of the Acquisitions are arm’s length and two, totaling $10,700,000, are related party acquisitions (the “Related… [Read More]

Cominar Announces 2020 Results and COVID-19 Update

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QUÉBEC CITY, March 3, 2021 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT”) (TSX: CUF.UN) announces its results for the fourth quarter and year ended December 31, 2020. 2020 FOURTH QUARTER AND FULL YEAR – HIGHLIGHTS The formal strategic review process to identify, review and evaluate a broad range of potential strategic… [Read More]

Artis Real Estate Investment Trust Releases 2020 Annual Results

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WINNIPEG, MB, March 2, 2021 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX UN) announced today its financial results for the year ended December 31, 2020.  The annual results in this press release should be read in conjunction with the REIT’s consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) for… [Read More]

Firm Capital Property Trust Closes Sale of Three Retail Properties for Gross Proceeds of $10.2 Million and a 120% Return

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TORONTO, March 02, 2021 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”) (TSXV : FCD.UN) is pleased to announce that it is has recently closed the disposition of its interest in three retail properties totaling 50,824 square feet from its Centre Ice Retail Portfolio (of which it controls 70% of the assets)… [Read More]

RioCan Real Estate Investment Trust Announces Upcoming Departure of Its Chief Financial Officer

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TORONTO, March 02, 2021 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan or the “Trust”) (TSX: REI.UN) today announced that Qi Tang, Senior Vice President and Chief Financial Officer, has decided to pursue other leadership opportunities. Ms. Tang will resign from her current role effective May 12, 2021 as she works with the RioCan… [Read More]