WINNIPEG, March 23, 2020 /CNW/ – Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) today provided unitholders with an update on Artis’ business and the measures the REIT is taking to protect its tenants, its employees and the community as it relates to the COVID-19 virus pandemic. A message from Armin Martens,… [Read More]
SmartCentres offers government and health authorities free space to support COVID-19 efforts
TORONTO, March 23, 2020 (GLOBE NEWSWIRE) — Today SmartCentres REIT (âSmartCentresâ) (TSX:SRU.UN), one of the largest real estate companies in Canada, announced that it is offering rent-free use of a total of up to 1-million square feet of space in 200 shopping centres across the country, as well as its land, parking lots and signage,… [Read More]
Summit Industrial Income REIT Signs New Unsecured Credit Facility
TORONTO, March 23, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has arranged and closed on a new $300 million unsecured revolving credit facility maturing on March 23, 2023 bearing an interest rate based on banker’s acceptance plus 170 basis points (bps) or bank prime plus 70… [Read More]
Denis Arsenault Acquire Securities of ViveRE Communities
HALIFAX, March 23, 2020 /CNW/ – Denis Arsenault (“Denis“) announced today that he has acquired ownership of securities of ViveRE Communities Inc. (TSXV: VCOM) (“ViveRE“), with its head office at 1969 Upper Water Street, Suite 2108, Halifax, Nova Scotia, B3J 3R7, for an aggregate purchase price of $3,500,000. The securities were purchased in connection with the sale of… [Read More]
Lightspeed Introduces Initiatives Supporting Local Businesses
Small and medium-sized businesses around the world impacted by COVID-19 will receive free resources from global POS leader MONTREAL, March 23, 2020 /CNW Telbec/ – Lightspeed POS Inc. (“Lightspeed” or the “Company”) (TSX: LSPD) today announced several new initiatives to support its local retail and restaurant customers who have been affected by the global COVID-19 pandemic. Effective immediately, and… [Read More]
NORTHVIEW APARTMENT REIT ANNOUNCES END OF “GO-SHOP” PERIOD
CALGARY, Alberta, March 23, 2020 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (âNorthviewâ or the âREITâ) (TSX:NVU.UN) today announced the expiration of the 30-day go-shop period (the âGo-Shop Periodâ) provided for in the arrangement agreement dated February 19, 2020 (the âArrangement Agreementâ) among the REIT, affiliates of Starlight Group Property Holdings Inc. (âStarlightâ)… [Read More]
First Capital REIT Announces $30 Million Small Business Support Program
Effective April 1, the FCR Small Business Support Program brings immediate relief to qualifying FCR small businesses impacted by the COVID-19 pandemic TORONTO, March 23, 2020 /CNW/ – First Capital REIT (“First Capital”, “FCR”) (TSX: FCR.UN) one of Canada’s leading developers, owners and operators of mixed-use urban real estate in Canada’s most densely populated neighbourhoods, announced… [Read More]
Melcor REIT announces April distribution of $0.03 per unit to proactively strengthen our balance sheet
EDMONTON, Alberta, March 20, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.03 per unit for the month of April. This represents a reduction of 47% to the current distribution. The March distribution, payable April 15, 2020, will remain… [Read More]
MAPLEWOOD INTERNATIONAL REIT ANNOUNCES CLOSING OF INVESTMENT PROPERTY SALE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MISSISSAUGA, Ontario, March 20, 2020 (GLOBE NEWSWIRE) — (TSXV: MWI.UN) Maplewood International Real Estate Investment Trust (the âREITâ), announced today that further to the press release dated March 6, 2020 regarding the execution by the REIT of a binding purchase and… [Read More]
Starlight U.S. Multi-Family (No. 1) Core Plus Fund to Acquire Two Apartment Complexes in Austin, Texas and Raleigh, North Carolina
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, March 20, 2020 /CNW/ – Starlight U.S. Multi-Family (No. 1) Core Plus Fund (TSX.V: SCPO.UN) (the “Fund”) announced today that it has entered into agreements to acquire 401 Teravista (“Teravista”), a 320-unit, garden-style, core-plus multi-family property completed in 2008, that is… [Read More]
BROOKFIELD PROPERTY PARTNERS PROVIDES UPDATE ON COVID-19
BROOKFIELD NEWS, March 20, 2020 (GLOBE NEWSWIRE) — Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) today provided an update to the investment community regarding the COVID-19 pandemic. A message from management to BPY unitholders can be accessed here: https://bpy.brookfield.com/~/media/Files/B/Brookfield-BPY-IR-V2/letters-to-unitholders/2020/bpy-covid-19-ltu.pdf. Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc.,… [Read More]
American Hotel Income Properties REIT LP Provides Update Regarding Hotel Operations and Distribution Policy
All 79 hotels are currently open for business and are serving guests in compliance with government health guidelines Decline in occupancy rates in the past week as a result of social distancing mandates, travel restrictions and overall heightened awareness of COVID-19 Aggressive cost saving and cash management strategies have been implemented to preserve cash and… [Read More]
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