TORONTO, Sept. 10, 2015 /CNW/ – Brookfield Real Estate Services Inc. (TSX: BRE) today declared a dividend of $0.1042 per share for the month of September 2015, payable on October 30, 2015, to shareholders of record on September 30, 2015. About Brookfield Real Estate Services Inc.Brookfield Real Estate Services Inc. (TSX: BRE) is a leading provider… [Read More]
Pure Multi-Family REIT LP Completes US$46.5 Million Mortgage Refinancing
VANCOUVER, Sept. 9, 2015 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi”) (TSXV: RUF.U, RUF.UN; RUF.DB.U; OTCQX: PMULF) announced today that it has completed the refinancing of Prairie Creek Villas (“Prairie Creek”), located in Richardson, Texas. The new US$46.5 million mortgage has a term of 15-years and bears a fixed interest rate of 4.07%. This financing replaces… [Read More]
Empire Company Reports Fiscal 2016 First Quarter Results
STELLARTON, NS, Sept. 9, 2015 /CNW/ – Empire Company Limited (“Empire” or the “Company”) (TSX: EMP.A) today announced financial results for its first quarter ended August 1, 2015. In the first quarter, the Company recorded adjusted net earnings, net of non-controlling interest, of $121.7 million ($1.32 per diluted share) compared to $129.1 million ($1.40 per diluted… [Read More]
Plymouth Realty Capital Corp. Completes 1 Million Share Private Placement to Churchill International Property Principals
BOSTON, MA, Sept. 8, 2015 /CNW/ – Plymouth Realty Capital Corp. (“Plymouth“) (TSXV: PH.P) today announced that it has completed the previously announced non-brokered private placement of 1,000,000 common shares of Plymouth at $0.05 per share for aggregate subscription proceeds of $50,000 to Philip Langridge and Brad Wise, the Chairman & CEO and the President… [Read More]
Granite REIT Announces Management Change
TORONTO, Sept. 6, 2015 /CNW/ – Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (”Granite”) today announced that the employment of Thomas Heslip, Granite’s Chief Executive Officer, has been terminated effective September 6, 2015. Michael Forsayeth, Granite’s Chief Financial Officer, will assume the responsibilities of Chief Executive Officer on an… [Read More]
Genesis Land Development Corp. Commences Normal Course Issuer Bid
CALGARY, Sept. 4, 2015 /CNW/ – Genesis Land Development Corp. (the “Company” or “Genesis”) (TSX:GDC) is pleased to announce that a Notice of Intention to make a Normal Course Issuer Bid (the “Bid”), which has been approved by its Board of Directors (the “Board”), has been filed with and accepted by the Toronto Stock Exchange… [Read More]
Slate Office REIT Announces Sale of Industrial Property in Milton, Ontario
TORONTO, Sept. 3, 2015 /CNW/ – Slate Office REIT (the “REIT”) (TSX: SOT.UN) today announced that it has completed the sale of 505 Industrial Drive in Milton, Ontario to an undisclosed purchaser for $22.5 million. The Transaction is consistent with the REIT’s stated growth strategy and focus on office assets. Slate Management Corporation, a wholly-owned… [Read More]
InterRent Announces $51 Million Acquisition in Hamilton, Ontario
OTTAWA, ONTARIO–(Marketwired – Sept. 2, 2015) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES InterRent Real Estate Investment Trust (TSX:IIP.UN) (“InterRent” or “REIT”) is pleased to announce that it has entered into an unconditional agreement to acquire a multi-family portfolio in Hamilton that will add 618 suites… [Read More]
Pure Multi-Family REIT LP Announces Closing of Previously Announced Property Disposition for US$17.85 Million
VANCOUVER, Sept. 2, 2015 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi”) (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) announced today the successful and profitable sale of Oakchase Apartment Homes (“Oakchase”), located in Arlington, Texas, a submarket of Dallas-Fort Worth, for gross proceeds of US$17.85 million. Oakchase is comprised of 236 residential units, situated on 10.2 acres… [Read More]
Temple Hotels Inc. announces completion of $38 million sale of Hotel Saskatchewan and announces the filing of a preliminary short form prospectus for $40 million rights offering
WINNIPEG, Sept. 2, 2015 /CNW/ – Temple Hotels Inc. (“Temple”) (TSX: TPH) today announced that it has completed the previously announced sale of Hotel Saskatchewan (the “Hotel”) in downtown Regina, SK for $38 million, subject to customary closing adjustments. The 224 room full-service hotel was acquired by Temple in April 2014 for $32.8 million. The… [Read More]
InnVest Real Estate Investment Trust Completes Acquisition of Regina’s Hotel Saskatchewan
TORONTO, Sept. 2, 2015 /CNW/ – InnVest Real Estate Investment Trust (“InnVest”) (TSX:INN.UN) announced today that it has completed the previously-announced acquisition of the Hotel Saskatchewan located in downtown Regina for a net purchase cost of approximately $37.0 million, or $163,000 per room. The purchase will be satisfied with available cash on hand following the… [Read More]
Slower Growth Points to Continued Soft Landing in Condo Market
Conference Board of Canada Summer 2015 Metropolitan Condo Outlook TORONTO, Sept. 2, 2015 /CNW/ – Slowing GDP and job growth will have a moderating effect on Canada’s condo market, easing fears of overheating markets and further reinforcing the prospects of a soft landing, even as regional markets vary widely due to differing economic conditions according to… [Read More]