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Granite REIT Completes Sale of $400 Million of Properties and Enters Into a New 5-Year $500 Million Unsecured Credit Facility

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TORONTO, Feb. 1, 2018 /CNW/ – Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that it has completed the sale of ten properties, including three special purpose properties, for a purchase price of approximately $400 million (the “Sale Transactions”) to third party buyers who are not affiliated with Magna International Inc. … [Read More]

Clarocity Corporation Issues Shares as Interest Payment on Credit Facility

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CALGARY, Feb. 1, 2018 /CNW/ – Clarocity Corporation (TSXV:CLY; OTCQB:CLRYF) (the “Company” or “Clarocity“) today announced that it will issue 1,325,585 common shares to debentureholders in lieu of cash as consideration for interest payments due January 31, 2018, for the aggregate amount of $114,000. Under the terms of the Company’s indentures dated May 8, 2017,… [Read More]

Invesque Doubles Size of Portfolio After Closing Acquisition of Care Investment Trust

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TORONTO, Feb. 1, 2018 /CNW/ – Invesque Inc. (TSX: HLP.U) (the “Company“) announced today the completion of the previously announced acquisition of Care Investment Trust, LLC (“Care”) from Tiptree Inc. (NASDAQ:TIPT) (“Tiptree”). The completion of the transformative acquisition improves diversification, increases exposure to the private pay sector, and enhances the scale of the portfolio and investment… [Read More]

Starlight U.S. Multi-Family (No. 5) Core Fund Improves Average Portfolio Vintage to 2012 with Acquisition in Orlando, Florida

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, Feb. 1, 2018 /CNW/ – Starlight U.S. Multi-Family (No. 5) Core Fund (TSX.V: STUS.A, STUS.U) (the “Fund”) announced today it has acquired Altis at Sand Lake (“Sand Lake”), a 315-suite multi-family property completed in 2016 and located in Orlando, Florida at… [Read More]

Plaza Retail REIT Partners with Canadian Pension Fund to Increase its Interests and Returns in Two Moncton-area Plazas

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FREDERICTON, Feb. 1, 2018 /CNW/ – Plaza Retail REIT (TSX: PLZ.UN) (“Plaza” or the “REIT”) today announced that it has increased its interest in each of two Moncton-area plazas from 10% to 50%, with a Canadian pension fund buying the other 50% on a co-ownership basis. Both properties were previously co-owned with Plaza through two retail… [Read More]

Invesque Continues Growth with Acquisition of Newly Developed Facility in Texas

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TORONTO, Jan. 31, 2018 /CNW/ – Invesque Inc. (TSX: HLP.U) (the “Company“) announced today it has acquired a recently constructed, 70 bed post-acute transitional care facility located in Round Rock, Texas from Mainstreet Property Group, LLC for approximately US$22.8 million. The property is subject to a long-term triple net lease. The acquisition adds Rapid Recovery… [Read More]

Artis Real Estate Investment Trust Announces Closing of $125 Million Cumulative Minimum Rate Reset Preferred Trust Units, Series I

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WINNIPEG, Jan. 31, 2018 /CNW/ – Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) announced today that it closed its previously announced public offering, through a syndicate of underwriters led by TD Securities Inc., RBC Capital Markets and Scotiabank (collectively the “Underwriters”), on a bought deal basis, of 5,000,000 cumulative minimum rate… [Read More]

Manulife Enters Australian Real Estate Market

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Acquires 800 Collins Street in Melbourne TSX/NYSE/PSE: MFCSEHK:945 TORONTO, Jan. 31, 2018 /CNW/ – Manulife Real Estate today announced that it has acquired 800 Collins Street, a 14-storey, 317,335 square foot, Class A office tower located in Melbourne, Australia. 800 Collins Street was built in 2010 and is fully leased. This transaction is the first Australian… [Read More]

Pure Multi-Family REIT LP Announces Timing for the Release of Q4 2017 Financial Results and Conference Call

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VANCOUVER, Jan. 30, 2018 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi-Family”) (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) is pleased to announce that it intends to release its financial results for the year ended December 31, 2017, after the close of the TSX Venture Exchange on Wednesday, March 7, 2018. Steve Evans, CEO, Samantha Adams, SVP,… [Read More]

NorthWest Healthcare Properties REIT to Integrate its Australian and New Zealand Management Platforms

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TORONTO, Jan. 29, 2018 /CNW/ – NorthWest Healthcare Properties REIT (NorthWest) (TSX: NWH) today announced the integration of its market leading, best practice management platforms in Australia and New Zealand. The operational integration of its Vital Healthcare Management Limited and Generation Healthcare Management Pty Ltd management teams results in an additional investment and strengthening of… [Read More]

BTB Announces the Sale of a Property

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MONTRÉAL, Jan. 26, 2018 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB“), further to the conclusions of its strategic review of its portfolio, announces the sale of a property located at 1863-1865 TransCanada Highway, Dorval, in the province of Québec, for total proceeds of $5.650 million.  The net proceeds will be allocated to partially repay… [Read More]