TORONTO, March 11, 2021 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (âRioCanâ or the âTrustâ) (TSX: REI.UN) today announced the promotion of Andrew Duncan to the newly created position of Chief Investment Officer, effective April 1, 2021. As RioCanâs first Chief Investment Officer, he will oversee the Trustâs 42 million square foot development pipeline… [Read More]
Invesque Inc. Reports Fourth Quarter and Full Year 2020 Results
TORONTO, March 10, 2021 /CNW/ – Invesque Inc. (TSX: IVQ.U) (TSX: IVQ) (the “Company” or “Invesque”) today announced its results for the three- and twelve-months ended December 31, 2020. Fourth Quarter and Subsequent Highlights Modified the Company’s senior credit facility led by KeyBank, which includes an incremental surge period through June 30, 2021 Closed on the… [Read More]
WPT Industrial REIT Announces Fourth Quarter 2020 Results
TORONTO, March 10, 2021 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the âREITâ) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) announced today its results for the three months and year ended December 31, 2020. All dollar amounts are stated in U.S. funds. Highlights: Collected 99.8% of billed rent for the quarter, continuing the REITâs record of… [Read More]
ERES REIT and CAPREIT Announce Extension of €165M Pipeline Agreement
TORONTO, March 10, 2021 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN, âERESâ) and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, âCAPREITâ) announced today the extension of the pipeline agreement between ERES and CAPREIT (the âPipeline Agreementâ) for an additional two-year period, ending on March 29, 2023. The Pipeline Agreement, entered on… [Read More]
American Hotel Income Properties REIT LP Reports Fourth Quarter and Full Year 2020 Results
New CEO, Jonathan Korol, started on October 7, 2020 Q4 2020 occupancy of 51.4%, RevPAR of $47.25, and revenues of $39.4 million Q4 2020 diluted FFO per unit of ($0.07) Occupancy levels improved significantly in February, to 59.9%; Upward trend in Occupancy has continued into March $50 million strategic Preferred Equity investment, closed January 28,… [Read More]
BTB Announces its Distribution for the Month of March 2021
MONTRÃAL, March 10, 2021 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announced today that the monthly cash distribution for the month of March 2021 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid April 15th, 2021 to unitholders of… [Read More]
Artis Unveils Business Transformation Plan, Announces Board Chair Change, Management Changes and a Distribution Increase
Artis defines value investing strategy with a goal of becoming an equity compounder; Plan for monetization of Artis’ real estate assets to redeploy capital in active real estate capital markets investments, value-add real estate, and developments to drive significant value creation; Ben Rodney is appointed Chair of the Board of Trustees; Senior Management Changes: Samir… [Read More]
Empire’s Project Horizon Strategy Benefits Take Hold in Strong Third Quarter Fiscal 2021 Results
Third Quarter Summary Same-store sales excluding fuel increased by 10.7% Earnings per share of $0.66 an increase of 47% compared to $0.45 last year Project Horizon growth plan on track E-commerce sales growth of 315% 37 FreshCo locations in Western Canada confirmed; 23 stores now open $100 million of shares purchased to date STELLARTON, NS,… [Read More]
BSR REIT Announces Strong 2020 Financial Results With Impressive Capital Recycling
– Same Community NOI increased 2.7% for the year, REIT positioned for growth – LITTLE ROCK, AR and TORONTO, March 9, 2021 /CNW/ – BSR Real Estate Investment Trust (“BSR”, or the “REIT”) (TSX: HOM.U) (TSX: HOM.UN) today announced its financial results for the three months and year ended December 31, 2020 (“Q4 2020” and “FY… [Read More]
RESAAS Adds Randall Miles to Advisory Board
VANCOUVER, BC, March 9, 2021 /CNW/ – RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), a technology platform for the real estate industry, is pleased to announce the addition of Randall Miles to the Company’s Advisory Board. Mr. Miles has over 25 years’ experience in senior management, corporate finance, private equity, business development and merchant banking…. [Read More]
FirstService Adds to California Closets Company-Owned Operations
TORONTO, March 09, 2021 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (âFirstServiceâ) announced today that it has further expanded its California Closets company-owned operations with the acquisition of its Minneapolis franchise. With this transaction, California Closets now has 20 company-owned operations among its 80 total franchised territories. Terms of the transaction were not… [Read More]
Colliers Acquires Specialty Engineering & Design Firm
TORONTO and MIAMI, March 08, 2021 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced that its Colliers Engineering & Design (âColliers E&Dâ) operating unit has acquired Bolton Perez & Associates (âBPAâ), a Miami-based transportation engineering and design firm. The new addition will immediately rebrand as… [Read More]
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