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Bridgemarq Real Estate Services Declares Monthly Dividend

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TORONTO, Dec. 10, 2019 /CNW/ – Bridgemarq Real Estate Services Inc. (“Bridgemarq”) (TSX: BRE) today announced a cash dividend of $0.1125 per restricted voting share payable on January 31, 2020, to shareholders of record on December 31, 2019. About Bridgemarq Real Estate Services Bridgemarq is a leading provider of services to residential real estate brokers… [Read More]

Allied sur le point d’acquérir un complexe immobilier important de classe I à Montréal

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TORONTO, 09 déc. 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) (« Fonds de placements immobiliers Allied Properties », ci-après « Allied ») a annoncé aujourd’hui avoir conclu une convention d’achat (la « Convention ») en vue d’acquérir un complexe immobilier important de Classe I situé à Montréal au 747 rue Square-Victoria (« 747 Square-Victoria »)… [Read More]

Allied to Acquire Major Class I Complex in Montréal

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TORONTO, Dec. 09, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) announced today that it has entered into an agreement to acquire a large and important Class I complex in Montréal, 747 Square-Victoria Street (“747 Square-Victoria”), for $276 million. The agreement is subject to regulatory approval but not subject to due-diligence, which… [Read More]

Genworth MI Canada Inc. Acknowledges Announcement by Genworth Financial, and Brookfield Business Partners L.P. of Regulatory Approval for Sale of Genworth Financial Stake

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TORONTO, Dec. 9, 2019 /CNW/ – Genworth MI Canada Inc. (the “Company“) (TSX: MIC) acknowledges the announcements today by Genworth Financial, Inc. (“Genworth Financial“) and Brookfield Business Partners L.P. (“Brookfield Business Partners“) that Brookfield Business Partners together with its institutional partners has received approval under the Insurance Companies Act (Canada) to purchase Genworth Financial’s majority interest in the Company… [Read More]

Tricon Expands Nashville Footprint with $210 million Acquisition of 708 Single-Family Rental Home Portfolio

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./ All financial information is presented in U.S. dollars unless otherwise indicated. TORONTO, Dec. 9, 2019 /CNW/ – Tricon Capital Group Inc. (“Tricon” or the “Company”, TSX: TCN) announced today that its single-family rental joint venture, TAH-JV1 (the “JV”), has acquired a portfolio… [Read More]

Firm Capital Property Trust announces $20 million bought deal financing of trust units

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/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 9, 2019 /CNW/ – Firm Capital Property Trust (“FCPT” or the “Trust“), (TSX-V: FCD.UN) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity, CIBC… [Read More]

ERES REIT announces offering of approximately C$105MM of trust units and €105MM Netherlands property acquisition

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/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, Dec. 9, 2019 /CNW/ – European Residential Real Estate Investment Trust (TSX-V:ERE.UN, “ERES”) announced today that it has agreed to sell, subject to regulatory approval, 22,582,000 trust units at a price of $4.65 per unit for gross proceeds of approximately C$105… [Read More]

Mainstreet Equity Corp. Releases Q4 2019 Results

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CALGARY, Dec. 9, 2019 /CNW/ – Mainstreet’s 2019 results mark the sixth consecutive quarter of year-over-year double-digit growth in all of our key metrics, solidifying a steady improvement in our operational performance that has continued to deliver non-dilutive value to our shareholders. Bob Dhillon, Founder and Chief Executive Officer of Mainstreet, said, “Our ability to… [Read More]

Value of SmartCentres Unencumbered Assets to Approximate $5.5 Billion as it Announces Repayment of Secured Debt

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TORONTO, Dec. 06, 2019 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it has recently completed the repayment of approximately $213 million aggregate principal amount of secured mortgage debt (the “Secured Loans”) which was secured by 13 retail properties having an aggregate estimated fair value of approximately $720 million…. [Read More]

Canadian Apartment Properties Real Estate Investment Trust Announces Closing of $489 Million Equity Financing

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/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, Dec. 6, 2019 /CNW/ – (TSX:CAR.UN) – Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT” or the “REIT”) announced today that it has closed its previously announced issue and sale of 9,119,500 units for $53.60 per unit for aggregate gross proceeds of $488,805,200… [Read More]

Partners REIT Unitholders Approve Plan of Arrangement with McCowan and Associates Ltd.

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TORONTO, Dec. 05, 2019 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) announced today that the plan of arrangement pursuant to which McCowan and Associates Ltd. (“MAA”) will, among other things, acquire all of the outstanding units of the REIT (each, a “Unit”), except for the 9,229,704 Units (representing… [Read More]

Cominar Real Estate Investment Trust Announces December 2019 Monthly Distribution

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QUEBEC CITY, Dec. 4, 2019 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT”) (TSX: CUF.UN) announced today a distribution of 6.00 cents per unit to unitholders of record as at December 16, 2019, payable on December 31, 2019.  PROFILE AS AT DECEMBER 4, 2019Cominar is one of the largest diversified real estate investment trusts… [Read More]