MISSISSAUGA, ON, Feb. 3, 2016 /CNW/ – Morguard North American Residential REIT (“the REIT”) (TSX: MRG.UN) today announced that it has purchased 160 Chapel Street, a rental apartment building in Ottawa, ON, for $67 million, exclusive of closing costs. The 21-storey, 370 suite property is the first Canadian acquisition for the Trust since its IPO… [Read More]
Empowering Children to Build Stronger Communities across Canada
Genworth Canada Announces Winners of 2015 Meaning of Home Contestin Support of Habitat for Humanity Canada TORONTO, Feb. 3, 2016 /CNW/ – Habitat for Humanity Canada’s Indigenous Housing Program and Habitat for Humanity Heartland Ontario will each receive a $25,000 grant from Genworth Canada towards the build of a new Habitat home, thanks to Grade… [Read More]
InnVest Real Estate Investment Trust announces date of fourth quarter earnings
TORONTO, Feb. 2, 2016 /CNW/ – InnVest Real Estate Investment Trust (“InnVest”) (TSX:INN.UN) will release its fourth quarter results on Friday, March 11, 2016 to be followed by a conference call and live audio webcast at 11:00 am Eastern Time. Investors are invited to access the call by dialing 416-764-8688 or 1-888-390-0546. You will be required… [Read More]
RioCan Real Estate Investment Trust Announces Redemption of Cumulative Rate Reset Preferred Trust Units, Series A
TORONTO, ONTARIO–(Marketwired – Feb. 2, 2016) – RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN)(TSX:REI.PR.A) today announced that it will exercise its right to redeem all of its 5 million outstanding Cumulative Rate Reset Preferred Trust Units, Series A (the “Series A Units”) on March 31, 2016 at the cash redemption price of $25.00 per Series… [Read More]
InnVest Real Estate Investment Trust Completes Acquisition of the Ottawa Marriott Hotel
TORONTO, Feb. 1, 2016 /CNW/ – InnVest Real Estate Investment Trust (“InnVest” or the “REIT”) (TSX:INN.UN) announced today it has completed the previously announced acquisition of the Ottawa Marriott Hotel located in downtown Ottawa, Ontario for a purchase price of $115 million or $235,000 per room. The agreements related to the purchase include a limited income… [Read More]
True North Commercial REIT initiates program for LEED®-EB Gold at largest asset
REIT to implement a LEED®-EB Gold Retro Commissioning Certification Plan for 340 Laurier Avenue West, Ottawa, Ontario /NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/ TORONTO, Feb. 1, 2016 /CNW/ – True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the “REIT“) is excited to announce an initiative designed to reduce its carbon footprint… [Read More]
Northview Apartment REIT Opens Cobble Hill, Newest Rental Community in Airdrie, Alberta
CALGARY, ALBERTA–(Marketwired – Jan. 29, 2016) – Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) (“Northview”) officially opened Cobble Hill, their newest rental community, on Friday, January 29. Cobble Hill is located in Airdrie, Alberta, just north of Calgary and is Northview’s first major entry into the Calgary and area market. “At Northview, we’re passionate about… [Read More]
Temple Hotels Inc. announces the suspension of dividend for 2016
WINNIPEG, Jan. 29, 2016 /CNW/ – The Board of Directors of Temple Hotels Inc. (“Temple”) (TSX: TPH) announced today that it has decided to suspend the quarterly dividend of $0.025 per share on Temple’s common shares. The significant and sustained decline in oil prices has resulted in continued deterioration in market conditions in Alberta (and… [Read More]
Milestone Apartments REIT Announces Closing of US$502 Million Landmark Property Portfolio Acquisition and the Issuance of 9,591,000 REIT Units in Exchange for Subscription Receipts
– Transaction Adds 4,172 Apartment Units to REIT Portfolio and Establishes Strategic Relationship with Starwood Capital Group, Increasing Property Management Platform to Over 50,000 Units – /NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO and DALLAS, Jan. 27, 2016 /CNW/ – Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) (“Milestone”… [Read More]
RBC Capital Markets Settlement
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 27, 2016) – Parkit Enterprise Inc. (TSX VENTURE:PKT)(OTCQX:PKTEF) is pleased to announce that it has reached an amicable settlement of a claim put forward by RBC Capital Markets Real Estate Group Inc. for past services related to a 2012 financial advisory fee pertaining to the company’s predecessor’s affiliate, Greenscape Capital… [Read More]
Zaio Corporation Announces Completion of Debenture Financing for Gross Proceeds of $1.58 million, Executive Employment Matters and Reports the Early Conversion of Debentures and Concurrent Exercise of Warrants
/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, Jan. 26, 2016 /CNW/ – Zaio Corporation (TSXV: ZAO) (“Zaio” or the “Company”) is pleased to announce that it has closed approximately $1.585 million in gross… [Read More]
Pure Multi-Family REIT LP Announces a US$117.5 Million Property Portfolio Acquisition
VANCOUVER, Jan. 25, 2016 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi”) (TSXV: RUF.U, RUF.UN; RUF.DB.U; OTCQX: PMULF) announced today that it has entered into an agreement to acquire two multi-family apartment communities, located in San Antonio, Texas (collectively the “TPC Portfolio”), for a combined purchase price of US$117,500,000. The TPC Portfolio consists of… [Read More]
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