MISSISSAUGA, ON, May 10, 2016 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX:MRC) today announced its financial results for the three months ended March 31, 2016. Operational Highlights: Acquisition of a multi-suite residential property comprising 370 suites located in Ottawa, Ontario, for $67.0 million. The acquisition was funded by cash on hand and a… [Read More]

MISSISSAUGA, ON, May 5, 2016 /CNW/ – Morguard Corporation (TSX: MRC) today announced that Dominion Bond Rating Services (DBRS) confirmed its Issuer Rating of BBB (low) with a Stable trend. The renewed rating remains consistent with the initial DBRS rating in September 2013. In its report, which reflects the credit quality of debt that ranks… [Read More]

Real Estate Asset Managers Turning to Creative Solutions to Get Higher Yields from Existing Properties MISSISSAUGA, ON, April 21, 2016 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) released today its first quarter 2016 Economic Outlook and Market Fundamentals Report – an analysis of trends and activity in the Canadian investment real estate market. Despite uncertainty in… [Read More]

MISSISSAUGA, ON, March 29, 2016 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) released its 2015 Sustainability Report, Focusing on Sustainability, demonstrating continuous improvements across environmental, social and governance (ESG) indicators. Sustainable Morguard, the company’s sustainability program established in 2009, has been successful in reducing the environmental footprint of its office and retail real estate portfolio, improving… [Read More]

MISSISSAUGA, ON, Feb. 26, 2016 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX:MRC) today announced its financial results for the year ended December 31, 2015. Operational Highlights: Acquisition of a garden-style property comprising 252 suites located in Cooper City, Florida for a purchase price of $73.9 million (US$56.0 million).  Continued development of the Marquee… [Read More]

MISSISSAUGA, Feb. 4, 2016 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) today announced that it has finalized an agreement to purchase a portfolio of three hotels for $33.5 million, excluding closing costs. The portfolio, located in Toronto and adjacent to Pearson International Airport, includes two hotels under the Marriott banner, Courtyard by Marriott and Residence Inn… [Read More]

MISSISSAUGA, ON, Jan. 18, 2016 /CNW/ – Morguard is predicting a fifth consecutive year of positive results for Canada’s commercial property sector in 2016. Investors will continue to achieve attractive portfolio returns, finishing the year close to or slightly below 2015.  Solid performance is forecast based on generally positive rental market leasing characteristics in the… [Read More]

MISSISSAUGA, ON, Jan. 18, 2016 /CNW/ – Real estate remains an attractive investment alternative with continued healthy returns forecast for investors of assets in Eastern Canada in 2016. The strength of Eastern Canada’s property markets over 2016 will drive transaction activity, predicted to approach the long-term annual transaction volume average of $13.6 billion.   “U.S…. [Read More]

MISSISSAUGA, ON, Jan. 18, 2016 /CNW/ – Western Canada’s near-term commercial property market performance will show significant regional variations in 2016.  While Vancouver is expected to outperform, both economically and from a commercial real estate sector standpoint, the energy sector correction will limit progress in Alberta with modest economic recovery expected in 2016. “The oil slump… [Read More]

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]

MISSISSAUGA, ON, Dec. 8, 2015 /CNW/ – Morguard Corporation (“Morguard“) (TSX: MRC) announced today that it has acquired 1,332,873 units (the “Units“) of Morguard Real Estate Investment Trust (TSX: MRT.UN) (“Morguard REIT“) through the facilities of the Toronto Stock Exchange and/or alternative Canadian trading systems between May 11 and December 7, 2015 at a weighted average… [Read More]

MISSISSAUGA, ON, Dec. 7, 2015 /CNW/ – The Heathview took top honours for the 2015 Rental Development of the Year as announced by the Federation of Rental-Housing Providers of Ontario (FRPO).  The FRPO MAC Awards recognize Ontario’s top landlords and property managers for excellence in the rental housing industry. The Heathview, owned by Morguard Corporation… [Read More]