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Cominar Updates its Unsecured Debenture Refinancing Plan

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QUÉBEC, Aug. 4, 2017 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT”) (TSX: CUF.UN) announces credit rating determination made earlier today by DBRS Limited (“DBRS”) and updates its unsecured debenture refinancing plan. Credit Rating Earlier today, DBRS announced that it had downgraded the rating of the REIT’s senior unsecured debentures to BB (high)… [Read More]

OneREIT to be Privatized in a Transaction Valued at $1.1B

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SmartREIT and Strathallen Acquisitions Inc. enter into agreements to acquire all of the assets and liabilities of OneREIT for cash and units of SmartREIT TORONTO, ONTARIO–(Marketwired – Aug. 4, 2017) – Key Transaction Highlights The Transaction values OneREIT units on a fully diluted basis (excluding units issuable pursuant to convertible debentures) at an equivalent to… [Read More]

Early Warning News Release Pursuant to Section 5.2 of National Instrument 62-104 and National Instrument 62-103

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LOTUS CRUX TO ACQUIRE UNITS OF PRO REAL ESTATE INVESTMENT TRUST TORONTO, Aug. 3, 2017 /CNW/ – Further to disclosure requirements of applicable securities laws, Lotus Crux REIT LP (“Lotus Crux“) is pleased to announce that it anticipates acquiring, pursuant to a voting agreement (the “Voting Agreement“) to be entered into with Lotus Crux WIP Limited… [Read More]

Cominar Restores Its Flexibility

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QUÉBEC, Aug. 3, 2017 /CNW Telbec/ – Cominar Real Estate Investment Trust (“Cominar” or the “REIT”) (TSX: CUF.UN) announced today its results for the second quarter of fiscal 2017. Highlights for the Quarter Ended June 30, 2017 Suspension of the distribution reinvestment plan Decreased monthly distribution from $0.1225 per unit to $0.095 per unit “Although the… [Read More]

Artis Releases Second Quarter Results: Accretive Capital Recycling; Improved Geographical Diversification

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WINNIPEG, Aug. 3, 2017 /CNW/ – Today Artis Real Estate Investment Trust (“Artis” or the “REIT”) issued its financial results and achievements for the three and six months ended June 30, 2017.  All amounts are in thousands of Canadian dollars and are inclusive of Artis’ ownership in investments in joint ventures on a Proportionate Share basis,… [Read More]

PROREIT Announces Unitholder Approval of Previously Announced Acquisition

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MONTRÉAL, QUÉBEC–(Marketwired – Aug. 3, 2017) – NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES. PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSX VENTURE:PRV.UN) is pleased to announce that its unitholders have approved the previously announced acquisition by the REIT of two light industrial buildings… [Read More]

BTB acquires a retail property in St-Hubert

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MONTRÉAL, Aug. 3, 2017 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “Trust“) is pleased to announce the purchase of a retail building in St-Hubert on the south shore of Montréal. This $23.2 million transaction, excluding transaction fees, upon closing, will bring to 72 the number of properties owned by the… [Read More]

Morguard Acquires Premier Class A Office Property in Markham, ON

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MISSISSAUGA, ON, Aug. 3, 2017 /CNW/ – Morguard Corporation (“Morguard”) (TSX: MRC) announced today that the real estate company has purchased 123 Commerce Valley Drive East, an 8-storey Class A suburban office building in Markham, ON. The acquisition was completed for a purchase price of $66.5 million, excluding taxes and transaction costs, and encompasses 203,500 square feet… [Read More]

Mosaic Capital Corporation Announces Second Quarter 2017 Earnings Release Date and Conference Call

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CALGARY, Aug. 3, 2017 /CNW/ – Mosaic Capital Corporation (“Mosaic“) (TSX-V Symbols: M and M.DB) intends to release its second quarter 2017 financial results on Monday, August 14th, 2017, after market close. A conference call to discuss the results will be held on Tuesday, August 15th, 2017 at 10:00 AM ET. All interested parties are invited… [Read More]

Firm Capital American Realty Partners Corp. Announces Significantly Accretive Corporate Transactions and Single Family Home Update

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All amounts are in US dollars unless otherwise stated TORONTO, Aug. 3, 2017 /CNW/ – Firm Capital American Realty Partners Corp. (the “Company“), (TSXV: FCA.U/FCA) is pleased to announce the following accretive corporate transactions intended to strengthen the Company’s balance sheet and future earnings potential: FULL REPAYMENT OF THE SENIOR SECURED NOTES (“SSN”) Through a… [Read More]