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ERES REIT Announces Appointment of Stephen Co as Chief Financial Officer

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TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN, “ERES” or the “REIT”) and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, “CAPREIT”) are pleased to announce the appointment of Mr. Stephen Co to Chief Financial Officer of ERES, replacing Mr. Scott Cryer, effective January 1, 2021. Mr. Co joined… [Read More]

Intact Announces $1.3 Million Commitment to Help Build More Resilient Communities

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Intact Adaptation Action Grants awarded to projects that are helping people and communities adapt to floods, wildfire and extreme heat TORONTO, Nov. 24, 2020 /CNW/ – To help Canadians adapt to climate change and build more resilient communities, Intact Financial Corporation (TSX: IFC) is committing more than $1.3 million to five Canadian charitable partners. These partners… [Read More]

CAPREIT Ranks in Top Quartile For 7th Consecutive Year in Kincentric Best Employers Program

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TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today that, for the 7th consecutive year, CAPREIT has ranked in the ‘Above Canada Top Quartile Average’ in Kincentric’s 2020 Best Employers Program. CAPREIT has participated in the Best Employers Program since 2010, and the collected data… [Read More]

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]