TORONTO, ONTARIO–(Marketwired – Jan. 29, 2015) – Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that it has closed a $200,000,000 unsecured revolving credit facility with a Canadian chartered bank for a term of three years to replace Allied’s current $100,000,000 secured credit facility. The credit facility also contains a feature that would allow Allied to… [Read More]
Starlight U.S. Multi-Family Core Fund and Starlight U.S. Multi-Family (No. 3) Core Fund to acquire apartment complex in rapidly growing Charlotte, North Carolina submarket
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Jan. 29, 2015 /CNW/ – Starlight U.S. Multi-Family (No. 1) Core Fund (TSX.V: UMF.A, UMF.U) (“Fund No. 1“) and Starlight U.S. Multi-Family (No. 3) Core Fund (TSX.V: SUS.A, SUS.U) (“Fund No. 3“) announced today that they have entered into an… [Read More]
InterRent Announces $32.4 Million Acquisition in Montreal, Quebec
OTTAWA, ONTARIO–(Marketwired – Jan. 29, 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”) announced today that it has entered into an agreement to purchase a 280 suite high-rise building ideally situated in Côte Saint-Luc on the Island of Montreal,… [Read More]
NorthWest International Healthcare Properties REIT Announces Completion of Management Internalization
TORONTO, Jan. 29, 2015 /CNW/ – NorthWest International Healthcare Properties Real Estate Investment Trust (TSXV: MOB.UN) (the “REIT“) announced today that it has completed the previously announced transaction with NorthWest Value Partners Inc. (“NWVP“) to internalize the external management of the REIT (the “Internalization“) effective January 1, 2015. The Internalization resulted in the REIT internalizing the asset management,… [Read More]
Temple Hotels Inc. Announces Normal Course Issuer Bids for Common Shares and Debentures
WINNIPEG, Jan. 29, 2015 /CNW/ – Temple Hotels Inc. (“Temple“) (TSX: TPH) today announced that is has received approval from the Toronto Stock Exchange (“TSX“) with respect to a normal course issuer bids (the “NCIBs“) to purchase: (a) up to 3,002,833 common shares (“Common Shares“) (TPH); (b) up to $2,296,500 aggregate principal amount of Series… [Read More]
BTB acquires an industrial property in Ottawa
MONTRÃAL, Jan. 28, 2015 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “Trust“) is proud to announce, following the conclusion of a due diligence process, the purchase of an industrial property in the city of Ottawa. The purchase price for this sale and leaseback acquisition is $12.6 million, excluding transaction fees…. [Read More]
CAPREIT Completes Acquisition of 270 Apartment Suite Portfolio in Dublin, Ireland
TORONTO, ONTARIO–(Marketwired – Jan. 28, 2015) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has, through a wholly-owned Irish subsidiary, completed the previously announced acquisition of the Rockbrook Portfolio, consisting of 270 residential suites and approximately 50,214 square feet of mixed-use commercial space located in Dublin, Ireland for approximately… [Read More]
InterRent Announces $27.75 Million Acquisition in Ottawa, Ontario and $75 Million Bought Deal
OTTAWA, ONTARIO–(Marketwired – Jan. 28, 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“) announced today that it has entered into an unconditional agreement to acquire a multi-family portfolio in Ottawa that will add 286 suites to the REIT (the… [Read More]
Canadian Real Estate Investment Trust Announces $100 Million Offering of 2.564% Series C Senior Unsecured Debentures
TORONTO, ONTARIO–(Marketwired – Jan. 28, 2015) – NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Canadian Real Estate Investment Trust (“CREIT”) (TSX:REF.UN) announced today that it has entered into an agreement to sell on a bought deal basis, to a syndicate of underwriters led by RBC Capital Markets, $100… [Read More]
Mattamy Homes Finalizes Purchase of Monarch Corporation
OAKVILLE, ON, Jan. 28, 2015 /CNW/ – Mattamy Group Corporation (“Mattamy”) is pleased to announce the formal closing of its agreement to purchase Monarch Corporation (“Monarch”), the Canadian division of US homebuilder Taylor Morrison Home Corporation (NYSE: TMHC). The net cash purchase price of CAD$335 million was determined based on the December 31, 2014 Monarch… [Read More]
InnVest Real Estate Investment Trust Announces Early Redemption of Series D-6.75% Convertible Debentures Due March 31, 2016
TORONTO, ONTARIO–(Marketwired – Jan. 28, 2015) – InnVest Real Estate Investment Trust (“InnVest”) (TSX:INN.UN) announced today that it will redeem all of its 6.75% Convertible Debentures, Series D, scheduled to mature on March 31, 2016 (the “Debentures”) on March 3, 2015 (the “Redemption Date”). On the Redemption Date, InnVest will pay to the holders of… [Read More]
WPT Industrial REIT announces completion of its previously announced public offering of trust units
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, Jan. 28, 2015 /CNW/ – WPT Industrial Real Estate Investment Trust (TSX:WIR.U) (the “REIT”) announced today that it has completed its previously announced public offering of trust units of the REIT (“Units”) with a syndicate of underwriters, co-led by RBC Capital Markets… [Read More]