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Cominar Real Estate Investment Trust Announces December 2020 Monthly Distribution

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QUÉBEC CITY, QC, Dec. 3, 2020 /CNW/ –  Cominar Real Estate Investment Trust (“Cominar”) (TSX: CUF.UN) announced today a distribution of 3.00 cents per unit to unitholders of record as at December 15, 2020, payable on December 31, 2020. PROFILE AS AT December 3, 2020 Cominar is one of the largest diversified real estate investment trusts in Canada… [Read More]

RioCan Real Estate Investment Trust Announces One-third Reduction in Distributions to Unitholders

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TORONTO, Dec. 03, 2020 (GLOBE NEWSWIRE) — Today, RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) announced a reduction of RioCan’s monthly distribution to unitholders from $0.12 per unit to $0.08 per unit, or from $1.44 to $0.96 on an annualized basis. RioCan’s Board of Trustees has determined the reduction is appropriate… [Read More]

Slate Grocery REIT Announces C$75 Million Bought Deal Financing

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 03, 2020 (GLOBE NEWSWIRE) — Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (“Slate Grocery” or the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it has entered into an agreement with a syndicate… [Read More]

Allied Announces Publication of Its Inaugural ESG Report

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TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:”AP.UN”) announced today that it has published its Inaugural Environmental, Sustainability and Governance (ESG) Report (the “Report”) on the home page of its website at www.alliedreit.com. Allied made a commitment to submit formally to independent scrutiny in regard to ESG by 2020. An important step… [Read More]

R&R REIT Issues Units to its Non-Executive Trustees and Deferred Units to an Executive Officer

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MISSISSAUGA, ON, Dec. 2, 2020 /CNW/ – R&R Real Estate Investment Trust (TSXV: RRR.UN) (the “REIT”) announces today that it has issued 976,750 trust units to its non-executive trustees at a price of $0.04 per trust unit in accordance with the REIT’s Non-Executive Trustee Issuance Plan pursuant to which non-executive trustees can receive 100% of… [Read More]

CAPREIT Expands Presence in Strong Halifax Market

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TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has purchased a recently constructed apartment building containing 38 suites in Bedford, a suburb of Halifax, Nova Scotia. CAPREIT paid $11.9 million for the property financed by cash. Completed in July 2020, The Madison’s suites… [Read More]

Allied Announces December 2020 Distribution and Distribution Increase for 2021

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TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:”AP.UN”) announced today that its Trustees have (i) declared a distribution of $0.1375 per unit for the month of December, 2020, payable on January 15, 2021, to unitholders of record on December 31, 2020, and (ii) approved an increase in monthly cash distributions for 2021… [Read More]

BSR REIT Announces the Sale of Five Noncore Properties for $86 Million

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LITTLE ROCK, Ark. and TORONTO, Dec. 2, 2020 /CNW/ – BSR Real Estate Investment Trust (“BSR” or the “REIT”) (TSX:HOM.U) (TSX: HOM.UN) announced today that it has sold five noncore properties, comprising 890 apartment units, as part of the REIT’s portfolio enhancement growth strategy and capital recycling program. The REIT received total gross proceeds of $86… [Read More]

Sandpiper Increases Investment in Artis REIT to 10%

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VANCOUVER, BC, Dec. 2, 2020 /CNW/ – Sandpiper Group (“Sandpiper”) announced today that on December 2, 2020, it acquired, through Sandpiper Real Estate Fund 4 Limited Partnership (the “Fund“), an aggregate of 100,000 units (“Units”) of Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) in the open market through the facilities of the… [Read More]

Killam Apartment REIT’s Commitment to ESG Translates into a Green Star Rating from GRESB

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HALIFAX, NS, Dec. 2, 2020 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) is pleased to announce that it earned a green, two-star designation for its 2020 GRESB submission, and a 32% improvement from its initial submission in 2019. Killam Apartment REIT also earned a GRESB Public Disclosure survey rating of “B”, outperforming its GRESB determined comparison… [Read More]

FirstService Declares Quarterly Cash Dividend on Common Shares

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TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService“) announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Common shares of US$0.165 per Common Share. The dividend is payable on January 7, 2021 to holders of Common Shares of record at the close… [Read More]

H&R Completes $250MM Senior Unsecured Debenture Financing

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TORONTO, Dec. 2, 2020 /CNW/ – H&R Real Estate Investment Trust (“H&R REIT” or “H&R”) (TSX: HR.UN) announced today that it completed its previously announced offering of $250 million principal amount of 2.906% Series R senior unsecured debentures due June 2, 2026 (the “Series R Debentures”). H&R REIT had previously agreed with a syndicate of agents… [Read More]