REIT REPORT

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Invesque Inc. Provides May Rental Revenue Collections Update

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TORONTO, June 8, 2020 /CNW/ – Invesque Inc. (TSX: IVQ.U) (TSX: IVQ) (the “Company” or “Invesque”) announced today an update of the Company’s rental revenue collections given elevated market volatility due to the COVID-19 pandemic. Rental Revenue Collections Month ended (all figures shown are rounded) April 2020 May 2020 Senior Housing Owner Occupied Portfolio 99% 99%… [Read More]

ERES REIT Announces Timing of Second Quarter 2020 Results & Conference Call

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TORONTO, June 08, 2020 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES REIT”) (TSXV:ERE.UN) announced today it will issue its financial results for the three and six months ended June 30, 2020 after markets close on: Monday, August 10, 2020 A conference call hosted by Phillip Burns, Chief Executive Officer and the ERES… [Read More]

Genworth MI Canada Inc. Confirms that It Does Not Plan to Change Its Underwriting Policy

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TORONTO, June 8, 2020 /CNW/ – Genworth MI Canada Inc. (the “Company“) (TSX: MIC) confirms that it has no plans to change its underwriting policy related to debt service ratio limits, minimum credit score and down payment requirements. One of the Company’s competitors announced changes to their internal underwriting guidelines with respect to the aforementioned underwriting… [Read More]

The Real Brokerage Inc. (Formerly, ADL Ventures Inc.) Closes Qualifying Transaction

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TORONTO, June 8, 2020 /CNW/ – The Real Brokerage Inc. (formerly, ADL Ventures Inc.)  (TSXV: AVI.P) (“TRB” or the “Company“), is pleased to announce that it has closed its previously announced Qualifying Transaction, as such term is defined under Policy 2.4 – Capital Pool Companies (the “Policy“) of the TSX Venture Exchange (the “Exchange” or… [Read More]

Melcor REIT terminates Automatic Share Purchase Plan

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EDMONTON, Alberta, June 05, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the REIT) today announced that it is terminating the previously announced Automatic Share Purchase Plan (ASPP) put in place in connection with the normal course issuer bid (NCIB). The termination is effective June 25, 2020. The REIT entered into the ASPP… [Read More]

UPDATE – CAPREIT Advances Toronto Operating Lease Buyout Strategy

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TORONTO, June 05, 2020 (GLOBE NEWSWIRE) — This release was previously disseminated on June 3, 2020 at 17:00 ET. The address “33 Davisville Avenue” has been added to the first paragraph, along with additional information regarding the purchase price of the operating lease buyout. The complete and corrected release follows. Canadian Apartment Properties Real Estate… [Read More]

SmartCentres Real Estate Investment Trust Announces $300 Million Series V and $300 Million Series W Senior Unsecured Debenture Issues

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NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, June 04, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that it has agreed to issue $300 million aggregate principal amount of Series V senior unsecured debentures and $300 million aggregate principal amount of Series W… [Read More]

Media Advisory – Empire Company Limited Advisory of Q4 and Full Year Fiscal 2020 Results Conference Call

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STELLARTON, NS, June 4, 2020 /CNW/ – Empire Company Limited (TSX: EMP.A) will release its fourth quarter and full year fiscal 2020 results on June 18, 2020 at 7:00 a.m. (Eastern Daylight Time). The release will be followed by a conference call beginning at 1:00 p.m. (Eastern Daylight Time) with senior management. The dial-in numbers for… [Read More]

InterRent REIT Closes $230 Million Bought Deal Financing

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OTTAWA, June 04, 2020 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today the closing of its previously announced public offering of 15,709,000 trust units (the “Offered Units”) from treasury (the “Offering”), which includes the full exercise of the over-allotment option granted to the underwriters in connection with the Offering, at a… [Read More]

Maplewood International REIT Announces Timing of REIT Termination

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MISSISSAUGA, Ontario, June 03, 2020 (GLOBE NEWSWIRE) — (TSXV: MWI.H) Further to a press release issued by Maplewood International Real Estate Investment Trust (the “REIT”) on May 28, 2020, announcing the voting results from the REIT’s special meeting of unitholders… [Read More]

CAPREIT Advances Toronto Operating Lease Buyout Strategy

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TORONTO, June 03, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has agreed to prepay the buyout of eight operating leases (“8 Lease Buyouts”) for eight properties in Toronto, which are expected to close by June 30, 2020.  The properties are located at 88 Isabella Avenue,… [Read More]