REIT REPORT

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Killam Apartment REIT Announces Updates Relating to COVID-19 Pandemic

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HALIFAX, March 26, 2020 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) recognizes the impact COVID-19 is having on all stakeholders. Our priority is the health and safety of our employees, residents, partners and communities. Killam recognizes that as a property owner, business operator, employer and community member, we have an important role to play in managing and… [Read More]

WPT INDUSTRIAL REIT ANNOUNCES CLOSING OF US$730 MILLION DISTRIBUTION AND LOGISTICS PORTFOLIO ACQUISITION AND US$600 MILLION EXPANSION TO CREDIT FACILITY

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NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, March 26, 2020 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX:WIR.U, WIR.R, WIR.UN – OTCQX: WPTIF) announced today the closing of the previously announced acquisition of a portfolio of 26 U.S. distribution and logistics properties totaling approximately… [Read More]

Clarke Inc. Completes Dividend of its Shares of TerraVest Industries Inc. to Shareholders

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HALIFAX, March 26, 2020 /CNW/ – Clarke Inc. (“Clarke”) announces that it has completed the distribution to its shareholders of its previously announced dividend-in-kind (the “Dividend”) of the 5,386,440 shares of TerraVest Industries Inc. (the “Terravest Shares”) previously held by Clarke. Under the Dividend, Clarke shareholders of record on March 18, 2020 received approximately 0.33… [Read More]

Timbercreek Financial Corp. announces normal course issuer bid

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TORONTO, March 26, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (the “Company“) announced today that it has obtained the approval of the Toronto Stock Exchange (the “TSX“) to commence a normal course issuer bid (the “NCIB”) with respect to its common shares (the “Shares”). The NCIB will commence on March 30, 2020 and will… [Read More]

PROREIT Announces Fourth Quarter and Full Year 2019 Results

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Total assets reached $634.7 million, a 24.5% year-over-year increase 40.9% year-over-year increase in property revenue from 2018 Net operating income1 grew 36.2% on a year-over-year basis Net income and comprehensive income down by $3.8 million from 2018 42.4% year-over-year increase in AFFO1 from 2018 Secured $30 million in additional operational liquidity in Q4-2019 52% of leases… [Read More]

Melcor & the REIT announce measures taken to respond to current economic situation

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EDMONTON, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD) and Melcor Real Estate Investment Trust (TSX: MR.UN) today announced a number of the measures taken in response to unprecedented economic challenges brought about by the COVID-19 global pandemic and the drastic drop in the price of Alberta oil. To respond to… [Read More]

SmartCentres Declares Distribution for March 2020

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TORONTO, March 25, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of March 2020 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis.  Payment will be made on April 15, 2020 to… [Read More]

SUSTAINABLE INFRASTRUCTURE DIVIDEND FUND IPO Raises $80 Million

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CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Middlefield Group, on behalf of Sustainable Infrastructure Dividend Fund (the “Fund”), is pleased to announce that the Fund has completed its initial public offering of 8,000,000 units at a price of $10.00 per unit for gross proceeds of $80 million. The units are listed on the Toronto… [Read More]

Boardwalk Thanks Its Team of Heroes for Ensuring Safe Homes for All Its Resident Members and Provides an Update to Its Stakeholders

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CALGARY, March 24, 2020 /CNW/ – Boardwalk Real Estate Investment Trust – TSX: BEI.UN Boardwalk REIT (“Boardwalk”, “the Trust”, “We”) today provided an update on its operational response to the COVID-19 pandemic. Sam Kolias; Chairman and Chief Executive Officer of Boardwalk REIT commented: “Our world, our country, our provinces, and our communities are facing an unprecedented… [Read More]

Timbercreek Financial Declares March 2020 Dividend

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TORONTO, March 24, 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 April 15, 2020 to holders of Common Shares of record on… [Read More]

NorthWest Healthcare Properties REIT Announces Intention to Make Normal Course Issuer Bid, Authorization of Automatic Securities Purchase Plan and Suspension of Distribution Reinvestment Plan

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, March 24, 2020 /CNW/ – NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN) (the “REIT“) announced today that the Toronto Stock Exchange (the “TSX“) has approved the REIT’s intention to make a normal course issuer bid (“NCIB“) for a portion… [Read More]

DREAM UNLIMITED CORP. ACQUIRES UNITS OF DREAM OFFICE REAL ESTATE INVESTMENT TRUST

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TORONTO, March 23, 2020 (GLOBE NEWSWIRE) — Dream Unlimited Corp. (TSX: DRM) (“Dream”) announced today that it has acquired 390,000 REIT Units, Series A (“Units”) of Dream Office REIT (TSX: D.UN) (“Dream Office REIT”), representing approximately 0.6% of the issued and outstanding Units on the Toronto Stock Exchange (the “TSX”) for aggregate consideration of $6,279,000… [Read More]