Melcor REIT completes divestment of Kelowna asset in bid to free credit
Melcor REIT has completed the divestment of Kelowna Business Centre in Kelowna, British Columbia. The three-storey asset was divested for…
CAPREIT acquires Tower Hill East for CAD110 million
Canadian Apartment Properties REIT (CAPREIT) has acquired Tower Hill East, a luxury apartment building on St. Clair Avenue West, Toronto.…
Melcor REIT reports 6% revenue rise for 3Q on new income
Melcor REIT’s rental revenue for its 3Q 2020 increased by 6% year-on-year, largely due to revenue from newly acquired properties.…
Melcor REIT achieves 8% rise in rental revenue in 1Q 2020
Melcor REIT has reported an 8% rise in rental revenue for its 1Q 2020, compared to the same period in…
Crombie REIT reports 2.8% rise in AFFO per unit for 2018
Crombie REIT has reported a property net operating income (NOI) of CAD75 million (USD57 million) for the three months ended…
Crombie REIT sees no change in distribution for January 2019
Crombie REIT has announced a distribution of CAD0.07417 per unit for the period from January 1, 2019, to and including…
Melcor REIT acquires office property in Alberta for USD4.7 million
Melcor REIT has acquired an office property in Lethbridge, Alberta for CAD6.25 million. The single-tenant building features total gross leasable…
Crombie REIT reshuffles leadership team, searches for new CFO
Crombie REIT has announced a slew of changes in its leadership team. The changes have been done to ensure that…
Partners REIT disposes 9 properties across Western Canada for USD38 million
Toronto Stock Exchange-listed Partners REIT has agreed to sell 9 of the remaining 10 properties in its Western Canada portfolio.…
Maplewood International REIT receives nod to dispose sole property
Unitholders of Maplewood International REIT have approved a plan to dispose off its sole property in the Netherlands. The approval…