MISSISSAUGA, ON, Dec. 23, 2015 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard“) announced today that it has acquired 7,000,000 common shares (the “Common Shares“) of Temple Hotels Inc. (“Temple Hotels“) pursuant to a private share purchase agreement, dated December 21, 2015. The Common Shares were purchased at a price of $1.07 per share or total consideration… [Read More]
InterRent Announces December 2015 Distributions
OTTAWA, ONTARIO–(Marketwired – Dec. 23, 2015) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES InterRent Real Estate Investment Trust (TSX:IIP.UN) (“InterRent“) announced today that its distribution declared for the month of December 2015 is $0.01925 per Trust unit, equal to $0.231 per Trust unit on an annualized… [Read More]
Temple Hotels Inc. Announces Conditional Assignment of Asset Management from Shelter Canadian Properties Limited to Morguard Corporation
WINNIPEG, Dec. 23, 2015 /CNW/ – Temple Hotels Inc. (the “Corporation” or “Temple“) (TSX: TPH) announced today that Shelter Canadian Properties Limited (“Shelter“), the current asset manager of the Corporation, and Morguard Corporation (“Morguard“) (TSX: MRC) have entered into an asset management assignment and transition agreement (the “Assignment Agreement“) pursuant to which Shelter agreed to assign… [Read More]
Automotive Properties REIT Agrees to Acquire Automotive Dealership Property in Montréal for $7.2 million
/ NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / TORONTO, Dec. 22, 2015 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the “REIT”) today announced that it has agreed to purchase the real estate underlying Toyota Woodland, a 50,000 square foot Toyota dealership in Montréal, Québec from… [Read More]
Firm Capital Mortgage Investment Corporation Closes $20,000,000 Bought Deal Financing
NOT FOR DISTRIBUTION OVER U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 22, 2015 /CNW/ – Firm Capital Mortgage Investment Corporation (the “Corporation“) (TSX: FC) is pleased to announce that it has closed its previously announced bought deal prospectus offering of $20,000,000 aggregate principal amount of 5.50% convertible unsecured subordinated debentures of… [Read More]
BTB Real Estate Investment Trust announces closing of over-allotment option on bought deal
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ MONTREAL, Dec. 22, 2015 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB“) is pleased to announce today that is has closed the over-allotment option from its previously announced bought deal public offering of $25,000,000 aggregate principal amount… [Read More]
American Hotel Income Properties REIT LP announces the acquisition of its 80th income property – a 133-room rail crew hotel located in Lincoln, Nebraska
VANCOUVER, Dec. 22, 2015 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“) (TSX: HOT.UN; OTCQX: AHOTF) announced today the acquisition of its 80th income property â a 133-room hotel located in Lincoln, Nebraska (the “Lincoln Property“). The Lincoln Property features a rail crew lodging contract with a large national U.S. railway and is being… [Read More]
BTB announces the sale of two commercial properties
MONTRÃAL, Dec. 21, 2015 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB“) announces the sale of two commercial properties located at 2212-2226 Dollard Street in Montreal and 2004-2016 René-Laennec Blvd. in Laval in the province of Québec for total proceeds of $6.125 million. The net proceeds of approximately $2 million will be used by… [Read More]
Inovalis Real Estate Investment Trust Announces December 2015 Distribution
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 21, 2015 /CNW/ – Inovalis Real Estate Investment Trust (the “REIT“) (TSX: INO.UN) announced today that its Board of Trustees has declared the REIT’s monthly cash distribution of CDN$0.06875 per unit for the period from December 1, 2015 to December… [Read More]
H&R REIT Upsizes its Credit Facilities by $300 Million and Together with its Partners Secure U.S.$640 Million Construction Financing for the Long Island City Residential Project
TORONTO, Dec. 21, 2015 /CNW/ – H&R Real Estate Investment Trust (“H&R REIT“) (TSX: HR.UN; HR.DB.D; HR.DB.E; HR.DB.H) announced today that it has entered into a new senior unsecured revolving credit facility for $500 million with a syndicate of lenders led by Canadian Imperial Bank of Commerce, and including Bank of Montreal and The Toronto-Dominion Bank,… [Read More]
Urbanfund Corp. Declares Dividend
TORONTO, ONTARIO–(Marketwired – Dec. 20, 2015) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX VENTURE:UFC) (the “Company”), announces that the board of directors of the Company has declared a dividend of $0.00125 per common share and $0.00125… [Read More]
American Hotel Income Properties REIT LP Announces December 2015 Cash Distribution
VANCOUVER, Dec. 18, 2015 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“) (TSX: HOT.UN; OTCQX: AHOTF) announced today a cash distribution of Cdn$0.075 per limited partnership unit (“Unit“) for the period of December 1, 2015 to December 31, 2015, which is equivalent to Cdn$0.90 per Unit on an annualized basis. The distribution will be… [Read More]
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