TORONTO, May 4, 2015 /CNW/ – Slate Retail REIT (the “REIT”) (TSX: SRT.U / SRT.UN) today announced that it has entered into a binding agreement to purchase Plaza St. Clair, an 80% occupied, 97,459 square foot grocery-anchored shopping centre located in Fairview Heights (St. Louis MSA), Illinois for U.S.$7,200,000 million (U.S. $74 per square foot). The… [Read More]
Firm Capital Property Trust Announces Solid Quarterly Results and Balance Sheet Positioned for Growth
TORONTO, May 4, 2015 /CNW/ – Firm Capital Property Trust (“FCPT” or the “Trust“), (TSXV : FCD.UN) reported today its consolidated interim financial results for the three months ended March 31, 2015. FIRST QUARTER HIGHLIGHTS Three Months Ended March 31, 2015 (“Q1/2015“) FFO and AFFO of $0.97 million and $0.95 million, which is a 21% and… [Read More]
First Capital Realty Announces Q1 Results
TORONTO, May 4, 2015 /CNW/ – First Capital Realty Inc. (“First Capital Realty”) (TSX: FCR) Canada’s leading owner, developer and manager of grocery anchored urban properties, announced today financial results for the three months ended March 31, 2015. QUARTER HIGHLIGHTS Operating FFO Per Share Stable to Prior Year: Operating FFO (1) (previously referred to as “FFO excluding… [Read More]
Chartwell Acquires Isabella Retirement Living
MISSISSAUGA, ONTARIO–(Marketwired – May 4, 2015) – Chartwell Retirement Residences (“Chartwell”) (TSX:CSH.UN) announced today it has acquired Isabella Retirement Living, a 94-suite retirement residence in Thunder Bay, Ontario. The close is effective immediately and the purchase price, before closing costs, was $22.1 million. Located in the Vickers Park neighbourhood of Thunder Bay, Isabella Retirement Living… [Read More]
Brookfield Johnson Controls to Become Brookfield Global Integrated Solutions
TORONTO, ONTARIO–(Marketwired – May 4, 2015) – Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) (“Brookfield”) announced today that its integrated facilities and project management services business in Canada, Australia and New Zealand will be rebranded as Brookfield Global Integrated Solutions. With a team of 4,000+ dedicated professionals worldwide, Brookfield Global Integrated Solutions inspires better business performance across… [Read More]
Retrocom Announces $80 Million Refinancing of Southland Mall, Regina
TORONTO, ONTARIO–(Marketwired – May 4, 2015) – NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE Retrocom Real Estate Investment Trust (the “REIT”) (TSX:RMM.UN) announced today the refinancing of its Southland Mall in Regina, Saskatchewan. As a result of the redevelopment of this shopping centre in 2013, the REIT has secured a… [Read More]
Retrocom Real Estate Investment Trust to Redeem 6.75% Convertible Unsecured Subordinated Debentures Due July 31, 2015
TORONTO, ONTARIO–(Marketwired – May 1, 2015) – NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE Retrocom Real Estate Investment Trust (TSX:RMM.UN)(TSX:RMM.DB) (the “REIT”) announced today that it will redeem on June 3, 2015 (the “Redemption Date”) all of its 6.75% convertible unsecured subordinated debentures due July 31, 2015 (the “6.75% Debentures”)… [Read More]
Allied Properties REIT Announces Acquisition of Strategic Intensification Property in Toronto's Downtown West
TORONTO, ONTARIO–(Marketwired – April 30, 2015) – Allied Properties REIT (TSX:AP.UN) announced today that it has entered into an agreement to purchase 511-539 King Street West in Toronto for $100 million. “This is an extraordinarily strategic opportunity for us,” said Michael Emory, President and CEO. “The property is immediately west of a lengthy stretch of… [Read More]
Summit Industrial Income REIT Continues to Reposition Portfolio for Growth
TORONTO, April 30, 2015 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has sold a 75% interest in two properties located in Ottawa, Ontario and Moncton, New Brunswick aggregating 245,217 square feet of gross leasable area (GLA). The sale price of approximately $24.9 million for the 75% interest… [Read More]
Slate Retail REIT Announces Release Date for First Quarter 2015 Results and Provides Update on Recent Acquisition Activity
TORONTO, April 30, 2015 /CNW/ – Slate Retail REIT (the “REIT”) (TSX: SRT.U / SRT.UN) today announced that it will be releasing its first quarter 2015 results after market hours on Thursday, May 14, 2015. Senior management will host a live conference call at 9:00 a.m. ET on Friday, May 15, 2015 to discuss the results and ongoing business initiatives… [Read More]
Urbanfund Corp. Reports Financial Results for the Year Ended December 31, 2014
TORONTO, ONTARIO–(Marketwired – April 30, 2015) – Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX VENTURE:UFC) (the “Company”), confirmed today that the Company has filed financial statements for the year ended December 31, 2014 (the “Consolidated Financial Statements”). For the year ended December 31, 2014 the Company reported earnings before income taxes… [Read More]
Choice Properties Real Estate Investment Trust Announces Election of Trustees
TORONTO, April 30, 2015 /CNW/ – Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that all of the trustee nominees listed in the management proxy circular dated March 19, 2015, were elected as trustees of Choice Properties. The vote was conducted at the Company’s Annual and Special Meeting of Unitholders, which took… [Read More]