WINNIPEG, Nov. 2, 2015 /CNW/ – Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) announced today that it has entered into an agreement to acquire Canadian Pacific Plaza, an office tower located in Minneapolis, Minnesota. Artis also announced the disposition of an office property located in the Twin Cities Area, Minnesota, and… [Read More]
Parkit Acquires Nashville Off-Airport Facility
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 2, 2015) – Parkit Enterprise Inc. (“Parkit,” or “the Company”) (TSX VENTURE:PKT)(OTCQX:PKTEF) is pleased to announce that on October 30, 2015, its joint venture PAVe LLC successfully acquired Fly Away Airport Parking, a 1,140 stall, 8.5 acre facility servicing the Nashville International Airport. The US$8.0 million acquisition was completed with… [Read More]
Lanesborough REIT completes $70.25 million sale of Colony Square and announces debt reduction and expected tax impact
WINNIPEG, Nov. 2, 2015 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) announced today that it has completed the previously announced sale of Colony Square in downtown Winnipeg, MB for $70.25 million, subject to customary closing adjustments. The three tower complex, consisting of 428 apartment suites, approximately 83,300 square feet of commercial space and… [Read More]
American Hotel Income Properties REIT LP Announces Expansions of Three High Occupancy Oak Tree Inn Hotels in Nebraska, Oregon and Texas
VANCOUVER, Nov. 2, 2015 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“) (TSX: HOT.UN; OTCQX: AHOTF) announced today three new 24-room expansions at existing high occupancy Oak Tree Inn hotels in North Platte, Nebraska, Hermiston, Oregon and Hearne, Texas (the “Expansions“). The Expansions are being constructed by SunOne Developments Inc. (“SunOne“) pursuant to the… [Read More]
Northern Property REIT Completes Transactions with True North Apartment REIT and Starlight Investments Ltd; Changes Name to Northview Apartment REIT
CALGARY, Oct. 30, 2015 /CNW/ – Northern Property Real Estate Investment Trust (“NPR”)(TSX:NPR:UN) and True North Apartment Real Estate Investment Trust (“True North”) announced today that NPR has completed transactions involving the acquisition of all of the assets and properties of True North and certain multi-family real estate assets from affiliates of Starlight Investments Ltd…. [Read More]
Valuation Vision Leadership Team to Meet With Zaio Shareholders
CALGARY, Oct. 30, 2015 /CNW/ – Zaio Corporation (TSXV: ZAO) (the “Company” or “Zaio”), is revealing exciting new details about their current product and marketing plan at today’s previously announced open house. “This year is proving to be a successful and pivotal year for Valuation Vision (VV), culminating in the continued national rollout of BPOMerge… [Read More]
Milestone Apartments REIT Announces Successful Closing of Subscription Receipts Offering and Exercise in Full of Over-Allotment Option for Gross Proceeds of Approximately C$143.9 Million
TORONTO and DALLAS, Oct. 30, 2015 /CNW/ – Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) (the “REIT” or “Milestone”) announced today that it has completed its previously announced offering of subscription receipts (the “Subscription Receipts”) with a syndicate of underwriters co-led by BMO Capital Markets and CIBC, and including RBC Dominion Securities Inc., National Bank Financial… [Read More]
Temple Hotels Inc. announces completion of fully subscribed $40 million rights offering
WINNIPEG, Oct. 30, 2015 /CNW/ – Temple Hotels Inc. (“Temple”) (TSX: TPH) is pleased to announce the completion of its previously announced rights offering (the “Rights Offering”) in each of the provinces and territories of Canada other than Quebec. The Rights Offering was substantially oversubscribed and, as such, Temple issued 36,363,636 common shares of Temple for… [Read More]
Genterra Capital Inc. announces Redemption of Class B Shares
TORONTO, Oct. 29, 2015 /CNW/ – Genterra Capital Inc. (GIC â TSX-V) (“Genterra”) today announced it has exercised its right to redeem, on November 30, 2015, all 8,703,016 of its issued and outstanding Class B Shares. The Corporation will pay to or to the order of the registered holders of the Class B Shares the… [Read More]
Genworth MI Canada Inc. Announces Common Dividend in the Fourth Quarter 2015
Increase in quarterly dividend of $0.03 or 8% from $0.39 to $0.42 TORONTO, Oct. 29, 2015 /CNW/ – The Board of Directors of Genworth MI Canada Inc. (the “Company”) (TSX: MIC) today announced that it has authorized and declared a dividend of $0.42 per common share for the fourth quarter of 2015. This dividend will… [Read More]
Genworth MI Canada Inc. Reports Third Quarter 2015 Results
Premiums Written: $260 million, up 20% year-over-year Loss Ratio: 21%, flat year-over-year, up four points quarter-over-quarterFully Diluted Operating EPS: $1.00, up $0.03 year-over-year, up $0.01 quarter-over-quarterNet Operating Income: $92 million, flat quarter-over-quarterIncrease in quarterly dividend of $0.03 or 8% from $0.39 to $0.42 TORONTO, Oct. 29, 2015 /CNW/ – Genworth MI Canada Inc. (the “Company”)… [Read More]
Morguard Corporation Early Warning Press Release regarding Temple Hotels Inc.
MISSISSAUGA, ON, Oct. 29, 2015 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) announced today that, Morguard acquired 1,675,000 rights (the “Rights” and individually a “Right“) of Temple Hotels Inc. (“Temple Hotels“) at an average weighted price per Right of $0.047. One common share (a “Common Share“) of Temple Hotels may be acquired upon the exercise of… [Read More]