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AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES FEBRUARY 2022 U.S. DOLLAR CASH DISTRIBUTION

February 15, 2022 By NewsWire Tagged With: TSX:HOT.U, TSX:HOT.UN

(numbers are in U.S. dollars unless otherwise indicated) VANCOUVER, BC, Feb. 15, 2022 /CNW/ – American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, HOT.U, and HOT.DB.V) announced today a U.S. dollar cash distribution of $0.015 per limited partnership unit (“Unit”) for February 2022; equivalent to U.S. dollar $0.18 per Unit on an annualized basis. The… [Read More]

ERES REIT Declares February 2022 Monthly Distribution

February 15, 2022 By Globenewswire Tagged With: TSX:ERE.UN

TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the February 2022 monthly cash distribution of €0.00917 per Unit and Class B LP Unit (the “February Distribution”), being equivalent to €0.110 per Unit annualized. The distribution will… [Read More]

FirstService Reports Strong Fourth Quarter and Full Year Results

February 15, 2022 By Globenewswire Tagged With: TSX:FSV

Broad-Based Top-Line Growth Drives Performance Operating highlights:   Three months ended   Year ended     December 31   December 31     2021   2020   2021   2020                             Revenues (millions) $ 856.9   $ 775.1   $ 3,249.1  … [Read More]

FLAGSHIP COMMUNITIES REAL ESTATE INVESTMENT TRUST ANNOUNCES FEBRUARY 2022 CASH DISTRIBUTION

February 15, 2022 By NewsWire Tagged With: TSX:MHC.U

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, Feb. 15, 2022 /CNW/ – Flagship Communities Real Estate Investment Trust (the “REIT“) (TSX: MHC.U) announced today a cash distribution of US$0.0446 per REIT unit for the month of February 2022, representing US$0.5355 per REIT unit on an annual basis. Payment will… [Read More]

Bridgemarq Real Estate Services Declares Dividend

February 15, 2022 By NewsWire Tagged With: TSX:BRE

TORONTO, Feb. 15, 2022 /CNW/ – Bridgemarq Real Estate Services Inc. (“Bridgemarq” or the “Company”) (TSX: BRE) today announced a cash dividend of $0.1125 per restricted voting share payable on March 31, 2022, to shareholders of record on February 28, 2022.  About Bridgemarq Real Estate Services Bridgemarq is a leading provider of services to residential real… [Read More]

Sutton Group Management Ltd. Acquires Sutton Group – West Coast Realty

February 15, 2022 By Business Wire

100% Canadian-owned and operated, BC real estate powerhouse Sutton Group Management Ltd., has acquired Sutton Group – West Coast Realty.

VANCOUVER, British Columbia–(BUSINESS WIRE)–Sutton Group Management Ltd. (SGM) announced today the acquisition of Sutton Group – West Coast Realty. In addition to its recent acquisition, SGM also holds Sutton Group – 1st West and Sutton Centre Realty, making it the largest real estate powerhouse in British Columbia.

Celebrated and trusted by some of North America’s most sophisticated and innovative real estate developers, the three subsidiaries have built a reputation as Western Canada’s leading brokerages, securing the highest volume of sales and deals for residential and commercial real estate transactions combined in Greater Vancouver and the Fraser Valley. Reflective of 2021 data, SGM holds the #1 count of agents comprising over 1,500, of which 160 are medallion recipients.

Beginning his award-winning career as an agent for over 19 years, Michael Lam, President and Chief Executive Officer of Sutton Group Management Ltd., has been able to achieve great success in Canada’s real estate industry.

Sutton Group – 1st West Realty, which Lam purchased in 2018, has consecutively held the title as #1 brokerage within the Sutton Group umbrella in relation to agent and revenue growth. The brokerage specializes in exclusive presale programming, setting the stage for an even bigger achievement with this recent acquisition.

Lam’s focus has always been on building dynamic, forward-thinking brokerages by integrating sophisticated platforms, resources, training, and industry-specific tools, pushing the boundaries of residential and commercial trading. This pursuit of excellence will be reflected in the recent acquisitions of Sutton Group – West Coast Realty and Sutton Centre Realty.

SGM plans to continue to provide its agents with access to exclusive inventory and unparalleled real estate offerings. This rare and privileged access to some of British Columbia’s most elite presale projects provides agents with priority information, purchasing opportunities, and client incentives derived from solid connections and track record. These long-standing relationships remain a priority and will undoubtedly be strengthened further for Sutton Group – West Coast Realty with this acquisition.

“The real estate market shifts continuously, and so do the needs of our consumers. We are committed to adapting to these changes by providing our agents and their clients with the most cutting edge tools programmed to suit their needs,” Lam shares. “As the largest powerhouse in town, we are looking forward to collaborating with industry partners to offer even more home choices to our agents and their clients, assisting them in making the best possible decision.”

“Our leadership team [Chief Strategy Officer Kelly Mo and Chief Operating Officer Surp Rai] have spent a considerable amount of time determining the best direction for all companies, taking into consideration our employees, our agents, and their clients,” Lam shares. “Sutton Group – 1st West Realty, Sutton Group – West Coast Realty, and Sutton Centre Realty are all successful, recognized brokerages that offer well-rounded services and extraordinary exposure to potential buyers, sellers, and landlords with over 20 locations collectively. With the acquisition, we wanted to ensure we continue to build upon their achieved successes, and enhance their offerings.”

Sutton Group Management Ltd.

Sutton Group Management Ltd. owns and operates Sutton Group – 1st West Realty, Sutton Group – West Coast Realty, and Sutton Centre Realty. 100% Canadian-owned and operated, Sutton Group Management Ltd. is a collection of full-service Canadian brokerages, with over 1,500 agents in 20 locations throughout British Columbia that specializes in exclusive presales, assignment, residential & commercial trading, and property management.

Contacts

Max Jakubke

PUBLiSH Partners Limited

max@publishpartners.co
778.772.7336

Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of February, 2022

February 15, 2022 By Business Wire

Not for distribution to U.S. News Wire Services or dissemination in the United States

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of February, 2022 of $0.061667 per trust unit, representing $0.74 per trust unit on an annualized basis, payable on March 15, 2022 to Unitholders of record at the close of business on February 28, 2022.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

Tokens.com Acquires Additional Metaverse Real Estate in Decentraland’s Fashion District

February 15, 2022 By Business Wire

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or “the Company”), a publicly-traded company that invests in Web3 crypto assets linked to the Metaverse, Decentralized Finance (“DeFi”), Non-Fungible Tokens (“NFTs”) and Play-to-Earn Gaming (“P2E”), is pleased to share that its subsidiary, Metaverse Group, has purchased an additional 49 parcels in Decentraland’s Fashion District.

The additional parcels are contiguous to the record breaking Fashion Street Estate that Metaverse Group purchased in 2021, and totals to the equivalent of over 132,000 square feet. In total, Metaverse Group owns the physical equivalent of approximately 450,000 square feet in Decentraland’s Fashion District.

“With the increased focus on fashion in the Metaverse, we are strategically increasing our ownership in the Fashion District of Decentraland through land that is contiguous to the land we own that is hosting Decentraland’s Fashion Week,” said Andrew Kiguel, CEO of Tokens.com and Executive Chairman of Metaverse Group. “This purchase makes us the largest owner of contiguous property in the Fashion District. This is inline with our vision of building the marquee shopping area in the Metaverse to attract retailers and visitors.”

Tokens.com’s Fashion Street Estate will be hosting Decentraland’s first ever virtual Fashion Week set to take place on March 24th to 27th. The event will feature catwalks, avatar supermodels, pop-up shops, afterparties and immersive visitor experiences.

“As we grow our portfolio of Metaverse real estate, we can provide better options, and more immersive experiences to support brands seeking to establish a presence,” commented Lorne Sugarman, CEO of Metaverse Group.

About Metaverse Group

The Metaverse Group is a vertically integrated NFT based Metaverse real estate company. The group, with its global headquarters in Decentraland’s Crypto Valley, also owns an eight figure real estate portfolio across many leading virtual worlds. The company intends to continue to purchase, develop and rent out its portfolio of real estate assets. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group.

For further information please visit https://metaversegroup.com.

Brands or virtual land owners interested in partnering with Metaverse Group should contact: Info@metaversegroup.com.

About Decentraland

Decentraland is the first fully decentralized virtual world. Powered by DAO, which owns the most important smart contracts and assets of Decentraland. Decentraland is a software running on Ethereum that seeks to incentivize a global network of users to operate a shared virtual world. Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world.

For further information please visit https://decentraland.org.

About Tokens.com

Tokens.com Corp is a publicly traded Web3 company that owns an inventory of Metaverse, P2E, DeFi and NFT based digital assets. Tokens.com is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned Tokens.com subsidiary, focuses on investing in Play-to-Earn revenue generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to Web3.

Visit Tokens.com to learn more.

Keep up-to-date on Tokens.com developments and join our online communities at Twitter, LinkedIn, and YouTube.

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Contacts

Tokens.com Corp.

Andrew Kiguel, CEO

Telephone: +1-647-578-7490

Email: contact@tokens.com

Jennifer Karkula, Head of Communications

Email: contact@tokens.com

Media:

Ryleigh Ebron – Talk Shop Media

Email: ryleigh@talkshopmedia.com

H.I.G. Realty Recapitalizes Self Storage Platform in the U.K.

February 15, 2022 By Business Wire

LONDON–(BUSINESS WIRE)–#24HourAccess–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, announced today that an affiliate has acquired an interest in Titan Storage Solutions (“Titan”), a fast growing self-storage operator and owner of 5 assets for a total of 142,000 sq. ft.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “We are delighted to complete this transaction in line with our strategy of investing in platforms with strong underlying secular trends. With platforms in the cold-storage, film-production and life-sciences sectors, we are focused on building best-in-class businesses which can achieve critical mass.”

Stelios Theodosiou, Managing Director at H.I.G. Europe Realty Partners, added: “The transaction demonstrates our ability to structure joint ventures with high quality partners focused on creating best-in-class platforms in undersupplied markets. Titan’s digital approach to asset procurement and ramp-up has led to a sustainable, future-proof business model. We will continue to develop the platform with a view to create a regional champion in the UK self-storage market.”

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with over $47 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

H&R REIT Reports Fourth Quarter and 2021 Annual Results

February 15, 2022 By NewsWire Tagged With: TSX:HR.UN

Enhanced geographical exposure, improved asset mix, strengthened balance sheet and NCIB utilization TORONTO, Feb. 14, 2022 /CNW/ – H&R Real Estate Investment Trust (“H&R” or “the REIT”) (TSX: HR.UN) is pleased to announce its financial results for the year ended December 31, 2021.  SIGNIFICANT 2021 HIGHLIGHTS Transformational Strategic Repositioning Plan: On October 27, 2021, H&R announced… [Read More]

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES 10% OWNERSHIP, TOGETHER WITH ITS JOINT ACTORS, IN DREAM OFFICE REIT

February 14, 2022 By NewsWire Tagged With: TSX:AX.UN

WINNIPEG, MB, Feb. 14, 2022 /CNW/ – Artis Real Estate Investment Trust (“Artis”) announced today that on February 14, 2022, it acquired an aggregate of 34,900 REIT Units, Series A (“Units”) of Dream Office Real Estate Investment Trust (“Dream Office”) (TSX: D.UN) in the open market through the facilities of the Toronto Stock Exchange at… [Read More]

Firm Capital Property Trust Announces Closing of the Previously Announced Acquisition of 135 Unit Multi-Residential Building for $55.0 Million

February 14, 2022 By Globenewswire Tagged With: TSX-V:FCD.UN

TORONTO, Feb. 14, 2022 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“) (TSXV: FCD.UN) is pleased to announce the closing of the previously announced acquisition of one multi-residential building consisting of 135 units located in Pointe Claire, Quebec (the “Property”) for approximately $55.0 million, excluding transaction costs. Completed in 2021, this condominium… [Read More]

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