REIT REPORT

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Imperial Equities Appoints Chief Operating Officer, Patricia Misutka

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EDMONTON, Dec. 4, 2019 /CNW/ - Imperial Equities Inc. (“Imperial”) today announced that effective December 2, 2019, it has appointed Patricia Misutka, as the company’s Chief Operating Officer.  “I am pleased to welcome Patricia to the senior leadership team of our growing company,” said Sine Chadi, CEO. “With our increasingly complex investment portfolio, a challenging economic… [Read More]

Genworth MI Canada Inc. Announces Special Dividend

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TORONTO, Dec. 4, 2019 /CNW/ – The Board of Directors of Genworth MI Canada Inc. (the “Company“) (TSX: MIC) today announced that it has declared a special dividend of $2.32 per common share, for an aggregate amount of approximately $200 million. This special dividend is to be paid on December 30, 2019, to shareholders of… [Read More]

Allied Announces December 2019 Distribution and Distribution Increase for 2020

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TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:”AP.UN”) announced today that its Trustees have (i) declared a distribution of $0.133 per unit for the month of December, 2019, payable on January 15, 2020, to unitholders of record on December 31, 2019, and (ii) approved an increase in monthly cash distributions for 2020… [Read More]

Inovalis Real Estate Investment Trust Announces a $45 Million Bought Deal Financing to Fund the Acquisition of the Remaining JV Ownership in Paris Property

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NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — Inovalis Real Estate Investment Trust (the “REIT” or “Inovalis”) (TSX: INO.UN) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by Desjardins Capital Markets and… [Read More]

Allied Announces Closing of $345 Million Public Equity Offering

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has closed its previously announced offering of 6,555,000 units (inclusive of 855,000 units issued pursuant to the exercise in full… [Read More]

Global Restoration Holdings Completes Four Acquisitions

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TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that its operating subsidiary, Global Restoration Holdings (“Global”), has recently acquired four regional restoration companies, including Perfection Property Restoration (“Perfection”), Catastrophe Cleaning & Restoration Co. (“CATCO”), ASR Property Restoration (“ASR”) and JPL Disaster Recovery (“JPL”) to join its existing… [Read More]

American Hotel Income Properties Completes the Previously Announced Acquisition of 12 Premium Branded Hotels

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(All numbers are in U.S. dollars unless otherwise indicated) VANCOUVER, Dec. 3, 2019 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“, the “Company“) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has closed the previously announced acquisition of 12 Premium Branded hotels (the “Acquisition“) for $191.0 million, effective today. In addition, AHIP… [Read More]

NewNorth Projects Ltd. Announces Business Combination With Bordeaux Properties Inc.

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CALGARY, Dec. 3, 2019 /CNW/ – NewNorth Projects Ltd. (“NewNorth” or the “Company“) (TSXV: NNP) is pleased to announce that it has entered into a definitive arrangement agreement (the “Arrangement Agreement“) with Bordeaux Properties Inc. (“Bordeaux“) pursuant to which Bordeaux has agreed to acquire all of the issued and outstanding common shares of NewNorth (the… [Read More]

Automotive Properties REIT Announces Agreement to Acquire Two Dealership Properties from the Dilawri Group, $80 Million Equity Offering and Termination of Administration Agreement

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 3, 2019 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the “REIT”) announced today that it has agreed to purchase two automotive dealership properties from the Dilawri Group for a total purchase price of approximately $28.9 million… [Read More]

Empire’s family of brands rolls out Sensory Friendly Shopping to more than 450 stores across the country

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Grassroots efforts at Sobeys, Safeway, IGA, Thrifty Foods, Foodland and FreshCo stores create a more inclusive environment for shoppers with sensory sensitivities STELLARTON, NS, Dec. 3, 2019 /CNW/ – Empire’s family of brands is redefining how Canadians shop by rolling out weekly Sensory Friendly Shopping hours at more than 450 stores Canada-wide. The new, more inclusive… [Read More]

FirstService Declares Quarterly Cash Dividend on Common Shares

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TORONTO, Dec. 03, 2019 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService“) announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Common shares of US$0.15 per Common Share.  The dividend is payable on January 8, 2020 to holders of Common Shares of record at the close… [Read More]