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Trez Capital Senior Mortgage Investment Corporation Announces Renewal of Mortgage and Termination of Management Agreement with Trez Capital Fund Management LP

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TORONTO, Nov. 23, 2020 /CNW/ – Trez Capital Senior Mortgage Investment Corporation (TSX: TZS) (the “Company”) announced today the renewal of a mortgage with a principal amount of approximately $27.7 million (of which the Company’s portion is approximately $14.7 million), which is the more significant of the two remaining mortgages in its portfolio, for a period… [Read More]

Morguard Corporation Announces Full Repayment of Series B Senior Unsecured Debentures

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MISSISSAUGA, ON, Nov. 23, 2020 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX:MRC) announced that it has fully repaid the $200 million 4.013% Series B senior unsecured debentures on maturity. Proceeds for repayment of the Series B senior unsecured debentures were generated by Morguard issuing $175 million 4.402% Series G senior unsecured debentures, as… [Read More]

Melcor REIT Response to Press Release Issued Today by Firm Capital

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FOR IMMEDIATE DISTRIBUTION. NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, Nov. 23, 2020 (GLOBE NEWSWIRE) — In response to the press release issued today by FC Private Equity Realty Management Corp. (“Firm Capital“), Melcor Real Estate Investment Trust (TSX:MR.UN) (“Melcor REIT“) would advise as follows: The Board… [Read More]

RESAAS Launches Australian Online Ordering of COVID-19 Rapid Tests

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VANCOUVER, BC, Nov. 23, 2020 /CNW/ – RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), a technology platform for the real estate industry, is pleased to announce it has launched online ordering of COVID-19 Rapid Tests in Australia. The Rapid Tests are authorized by the Therapeutic Goods Administration (TGA), the regulatory body under Australia’s Department of… [Read More]

Timbercreek Financial Declares November 2020 Dividend

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TORONTO, Nov. 20, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that its board of directors (the “Board”) has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on December 15, 2020 to holders of Common Shares of record on November… [Read More]

Morguard Corporation Increases Ownership Position in Morguard Real Estate Investment Trust

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MISSISSAUGA, ON, Nov. 20, 2020 /CNW/ – Morguard Corporation (“Morguard“) (TSX: MRC) announced that it acquired 1,577,000 trust units (the “Units“) of Morguard Real Estate Investment Trust (the “REIT“) (TSX: MRT.UN), through its participation in the REIT’s distribution reinvestment plan (the “DRIP“), as follows: Between July 15, 2020 and November 16, 2020, Morguard acquired 1,577,000… [Read More]

NorthWest Healthcare Properties Real Estate Investment Trust Files Preliminary Base Shelf Prospectus

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TORONTO, Nov. 20, 2020 /CNW/ – NorthWest Healthcare Properties Real Estate Investment Trust (the “REIT“) (TSX: NWH.UN) announced today that it has filed a preliminary base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada (the “Prospectus“).  The Prospectus has not yet become final for the purpose of… [Read More]

CAPREIT to Expand Presence in Strong Ottawa Market

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TORONTO, Nov. 20, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has waived conditions and will acquire two properties located in Ottawa, Ontario, aggregating 380 suites. CAPREIT will pay $95.5 million for the properties, funded by cash. Residential occupancy in the portfolio currently stands at 98.7%…. [Read More]

Report on Financial Results For the Nine Months Ended September 30, 2020

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TORONTO, Nov. 20, 2020 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the nine months ended September 30, 2020 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND… [Read More]

Halmont Properties Corporation Third Quarter Results

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TORONTO, Nov. 20, 2020 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) announced today that net income to common shareholders for the nine months ended September 30, 2020 was $2,444,000 as compared to net income of $3,697,000 for the nine months ended September 30, 2019.   Nine months ended   (in thousands) September 30, 2020… [Read More]

Middlefield Virtually Opens The Market

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TORONTO, Nov. 20, 2020 /CNW/ – Dean Orrico, President and CIO of Middlefield Group and Jeremy Brasseur, Managing Director, Middlefield Group and the Middlefield team joined Graham Mackenzie, Head, Exchange Traded Products, TMX Group to celebrate the launch of Real Estate & E-Commerce Split Corp. (TSX: RS) (TSX: RS.PR.A) and open the market.   The Real Estate… [Read More]