TORONTO, July 5, 2016 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has entered into an agreement to acquire a 141,628 square foot light industrial property in Calgary, Alberta for a purchase price of approximately $12.675 million, generating a capitalization rate of approximately 7.35%. Located in the Foothills… [Read More]
True North Commercial Real Estate Investment Trust Continues Expansion in the Greater Toronto Area Acquiring an Additional 100,000 square feet and a Concurrent $9.25 million Private Placement
/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/ TORONTO, July 5, 2016 /CNW/ – True North Commercial Real Estate Investment Trust (the “REIT“) (TSX: TNT.UN) is pleased to announce it has agreed to acquire an office property located at 6865 Century Avenue, Mississauga, Ontario (the “Century Property“). The acquisition of the Century Property… [Read More]
Boardwalk REIT announces timing of release of its second quarter financial results for the three and six month periods ended June 30, 2016
CALGARY, July 4, 2016 /CNW/ – Boardwalk Real Estate Investment Trust (‘BEI.UN’ â TSX) Boardwalk REIT would like to announce that its second quarter financial results for the three and six month periods ended June 30, 2016 will be released after market close on August 11, 2016. We invite you to participate in the teleconference held… [Read More]
CAPREIT Enhances Ottawa Presence With Purchase of 850 Townhomes
TORONTO, ONTARIO–(Marketwired – June 30, 2016) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of a five-property portfolio of modern luxury townhome properties well-located in Ottawa, Ontario totaling 850 rental units. CAPREIT paid approximately $180.3 million for the portfolio, financed by the assumption of a… [Read More]
Temple Hotels Inc. Announces Strategic Review
MISSISSAUGA, ON, June 30, 2016 /CNW/ – Temple Hotels Inc. (“Temple”) (TSX:TPH) announced today its intention to undertake a strategic review of the company. The board of directors has appointed CBRE Limited as financial advisor to assist in the process. The objective of the strategic review is to evaluate the portfolio and operations of the company… [Read More]
Artis Real Estate Investment Trust Announces Timing of Release of Q2-16 Results and Conference Call
WINNIPEG, June 30, 2016 /CNW/ – Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) announced today that it intends to release its financial results for the quarter ended June 30, 2016, after the close of the Toronto Stock Exchange on Thursday, August 4, 2016. Interested parties are invited to participate in a… [Read More]
BTB Real Estate Investment Trust announces closing of a $30 million issue of units and reduces its indebtedness by redeeming all of the outstanding Series D Debentures
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ MONTREAL, June 30, 2016 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB“) is pleased to announce today that it has closed its previously announced public offering of 6,594,000 units (the “Units“) for aggregate gross proceeds of approximately… [Read More]
InnVest Real Estate Investment Trust announces agreement to acquire the Fairmont Vancouver Airport Hotel
TORONTO, June 30, 2016 /CNW/ – InnVest Real Estate Investment Trust (“InnVest” or the “REIT”) (TSX:INN.UN) announced today it has entered into a definitive agreement, with Oxford Properties Group, to acquire the leasehold interest in the Fairmont Vancouver Airport Hotel located within Vancouver’s International Airport (YVR). The purchase price of $90.0 million or $233,000 per… [Read More]
SNC-Lavalin reaches an agreement to sell its Real Estate Facilities Management business in Canada for $45 million to Brookfield Global Integrated Solutions
MONTREAL, June 30, 2016 /CNW Telbec/ – SNC-Lavalin (TSX: SNC) is pleased to announce that it has reached an agreement to sell its non-core Real Estate Facilities Management business in Canada to Brookfield Global Integrated Solutions (“Brookfield GIS”) for $45 million, which includes facilities management, property management, realty management and related project management. The community mailboxes… [Read More]
Brookfield Global Integrated Solutions Acquires SNC-Lavalin's Canadian Real Estate Facilities Management Business
TORONTO, ONTARIO–(Marketwired – June 30, 2016) – Brookfield Global Integrated Solutions (Brookfield GIS), a leading global real estate facility management provider announced today that it is acquiring SNC-Lavalin Group Inc.’s (SNC-Lavalin) Canadian real estate facilities management (FM) business that manages multi million square feet and employs over 1,000 team members. “For over 20 years, Brookfield… [Read More]
InnVest Real Estate Investment Trust Announces Court Approval of Arrangement with Bluesky Hotels and Resorts Inc.
TORONTO, June 29, 2016 /CNW/ – InnVest Real Estate Investment Trust (“InnVest”) (TSX:INN.UN) is pleased to announce that further to yesterday’s announcement, a final order of the Alberta Superior Court of Justice (Commercial List) (the “Court”) for the approval of the plan of arrangement (the “Arrangement”), pursuant to which Bluesky Hotels and Resorts Inc. has agreed… [Read More]
MCAN Mortgage Corporation announces withdrawal of initial public offering by MCAP Corporation, including secondary offering by MCAN Mortgage Corporation
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 29, 2016 /CNW/ – MCAN Mortgage Corporation (“MCAN”) (TSX:MKP) today announced that MCAP Corporation (“MCAP”) has withdrawn its previously announced initial public offering of common shares (“Common Shares”) at this time due to current adverse market conditions. In connection therewith,… [Read More]
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