/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./ TORONTO, Feb. 4, 2016 /CNW/ – Tricon Capital Group Inc. (“Tricon” or the “Company”) (TSX:TCN), a principal investor and asset manager focused on the residential real estate industry, invites you to participate in its live conference call with senior management in… [Read More]
Morguard Corporation Acquires Toronto Hotel Portfolio for $33.5 Million and Provides Update on Asset Management of Temple Hotels Inc.
MISSISSAUGA, Feb. 4, 2016 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) today announced that it has finalized an agreement to purchase a portfolio of three hotels for $33.5 million, excluding closing costs. The portfolio, located in Toronto and adjacent to Pearson International Airport, includes two hotels under the Marriott banner, Courtyard by Marriott and Residence Inn… [Read More]
Net Asset Value as at January 31, 2016
MONTREAL, Feb. 3, 2016 /CNW Telbec/ – Global Diversified Investment Grade Income Trust II announces an estimated Net Asset Value per unit as at January 31, 2016 of $0.25. This value is equal to the value of the assets less liabilities. The assets consist mainly of cash. About the Trust The Trust provides an economic interest in… [Read More]
Granite REIT Notice of Conference Call for Fourth Quarter and Year-End 2015 Results
TORONTO, Feb. 3, 2016 /CNW/ – Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year-ended December 31, 2015 after the close of markets on Wednesday, March 2, 2016. Granite will hold a conference call on Thursday, March 3, 2016 at 8:30 a.m…. [Read More]
Morguard North American Residential REIT Acquires Ottawa Apartment Building for $67 Million
MISSISSAUGA, ON, Feb. 3, 2016 /CNW/ – Morguard North American Residential REIT (“the REIT”) (TSX: MRG.UN) today announced that it has purchased 160 Chapel Street, a rental apartment building in Ottawa, ON, for $67 million, exclusive of closing costs. The 21-storey, 370 suite property is the first Canadian acquisition for the Trust since its IPO… [Read More]
Empowering Children to Build Stronger Communities across Canada
Genworth Canada Announces Winners of 2015 Meaning of Home Contestin Support of Habitat for Humanity Canada TORONTO, Feb. 3, 2016 /CNW/ – Habitat for Humanity Canada’s Indigenous Housing Program and Habitat for Humanity Heartland Ontario will each receive a $25,000 grant from Genworth Canada towards the build of a new Habitat home, thanks to Grade… [Read More]
InnVest Real Estate Investment Trust announces date of fourth quarter earnings
TORONTO, Feb. 2, 2016 /CNW/ – InnVest Real Estate Investment Trust (“InnVest”) (TSX:INN.UN) will release its fourth quarter results on Friday, March 11, 2016 to be followed by a conference call and live audio webcast at 11:00 am Eastern Time. Investors are invited to access the call by dialing 416-764-8688 or 1-888-390-0546. You will be required… [Read More]
RioCan Real Estate Investment Trust Announces Redemption of Cumulative Rate Reset Preferred Trust Units, Series A
TORONTO, ONTARIO–(Marketwired – Feb. 2, 2016) – RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN)(TSX:REI.PR.A) today announced that it will exercise its right to redeem all of its 5 million outstanding Cumulative Rate Reset Preferred Trust Units, Series A (the “Series A Units”) on March 31, 2016 at the cash redemption price of $25.00 per Series… [Read More]
InnVest Real Estate Investment Trust Completes Acquisition of the Ottawa Marriott Hotel
TORONTO, Feb. 1, 2016 /CNW/ – InnVest Real Estate Investment Trust (“InnVest” or the “REIT”) (TSX:INN.UN) announced today it has completed the previously announced acquisition of the Ottawa Marriott Hotel located in downtown Ottawa, Ontario for a purchase price of $115 million or $235,000 per room. The agreements related to the purchase include a limited income… [Read More]
True North Commercial REIT initiates program for LEED®-EB Gold at largest asset
REIT to implement a LEED®-EB Gold Retro Commissioning Certification Plan for 340 Laurier Avenue West, Ottawa, Ontario /NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/ TORONTO, Feb. 1, 2016 /CNW/ – True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the “REIT“) is excited to announce an initiative designed to reduce its carbon footprint… [Read More]
Northview Apartment REIT Opens Cobble Hill, Newest Rental Community in Airdrie, Alberta
CALGARY, ALBERTA–(Marketwired – Jan. 29, 2016) – Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) (“Northview”) officially opened Cobble Hill, their newest rental community, on Friday, January 29. Cobble Hill is located in Airdrie, Alberta, just north of Calgary and is Northview’s first major entry into the Calgary and area market. “At Northview, we’re passionate about… [Read More]
Temple Hotels Inc. announces the suspension of dividend for 2016
WINNIPEG, Jan. 29, 2016 /CNW/ – The Board of Directors of Temple Hotels Inc. (“Temple”) (TSX: TPH) announced today that it has decided to suspend the quarterly dividend of $0.025 per share on Temple’s common shares. The significant and sustained decline in oil prices has resulted in continued deterioration in market conditions in Alberta (and… [Read More]