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Choice Properties Real Estate Investment Trust Declares Distribution for the Month of December, 2018

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, Dec. 13, 2018 /CNW/ – Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a distribution for the month of December, 2018 of $0.061667 per trust unit, representing $0.74 per… [Read More]

Mainstreet Equity Corp. Releases FY 2018 Results

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CALGARY, Dec. 13, 2018 /CNW/ – Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the year ended September 30, 2018. Bob Dhillon, Founder and Chief Executive Officer of Mainstreet, said, “After beginning the year under incredibly difficult circumstances, our… [Read More]

Empire Company Reports Strong Fiscal 2019 Second Quarter Results

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Second Quarter Summary Same-store sales excluding fuel increased by 2.5% (3.0% excluding pharmacy) Second consecutive quarter of tonnage growth Earnings per share of $0.38 compared to a loss per share of $0.09 last year Adjusted earnings per share of $0.40, up 48% from $0.27 last year Completed the acquisition of Farm Boy, Ontario’s fastest growing… [Read More]

CAPREIT Sells Three Non-Core Quebec City Properties

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TORONTO, Dec. 12, 2018 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has sold three non-core properties in Quebec City totaling 217 suites. The properties will sell for a total price of $24.9 million, the proceeds of which will be used to repay mortgages on the properties… [Read More]

Automotive Properties REIT Completes $101.4 Million Ottawa and Kingston Property Portfolio Acquisition

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 12, 2018 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the “REIT”) announced today that is has completed the previously-announced acquisition of a portfolio of 11 properties located in Ottawa and Kingston, Ontario from a privately held… [Read More]

Granite Enters into a $300 Million Committed Seven-Year Unsecured Term Loan

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TORONTO, Dec. 12, 2018 /CNW/ – Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN; NYSE: GRP.U) announced today that it has entered into a $300 million committed seven-year senior unsecured non-revolving term facility (the “Term Loan”). Through a cross currency interest rate swap, Granite has exchanged the principal and interest payments from the Term Loan for… [Read More]

Firm Capital Mortgage Investment Corporation announces December estimated special and regular dividend amounting to $0.128 per share

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TSX Symbol FC TORONTO, Dec. 12, 2018 /CNW/ – Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) announces its monthly cash dividend for December in the amount of $0.078 per share. The Corporation also announces an estimated special year-end cash dividend (the “Special Dividend“) of $0.05 per share. These cash dividends, totaling an estimated… [Read More]

Minto Apartment REIT Files Preliminary Base Shelf Prospectus

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OTTAWA, Dec. 12, 2018 /CNW/ – Minto Apartment Real Estate Investment Trust (the “REIT”) (TSX: MI.UN) today announced that it has filed and obtained a receipt for a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada. Upon a final short form base shelf prospectus (the… [Read More]

Canadian Apartment Properties Real Estate Investment Trust Announces Public Unit Financing of $250MM

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/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, Dec. 11, 2018 /CNW/ – (TSX:CAR.UN) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) of Toronto, Ontario announced today that it has agreed to sell, subject to regulatory approval, 5,500,000 units at a price of $45.50 per unit for aggregate gross proceeds… [Read More]

Northwest Healthcare Properties Real Estate Investment Trust Announces $125 Million Convertible Debenture Bought Deal

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, Dec. 11, 2018 /CNW/ – NorthWest Healthcare Properties Real Estate Investment Trust (“NorthWest” or the “REIT”) (TSX: NWH.UN) announced today a public offering, on a “bought deal” basis, of $125 million principal amount of convertible unsecured subordinated debentures, at a… [Read More]

Allied Announces $125 Million in Acquisitions and Upward Refinancing of Unsecured Term Loan

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TORONTO, Dec. 11, 2018 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) announced today that it expects to close six strategic in-fill acquisitions in the fourth quarter for an aggregate purchase price of $125 million. Allied also announced that it has upward refinanced an unsecured term loan coming due on December 14, 2018…. [Read More]