Tag Archives: Real Estate Investment Trust (REIT)

Dream Global REIT Announces Transformational Acquisition in the Netherlands

DREAM GLOBAL REIT (“Dream Global” or the “REIT”) (TSX:DRG.UN)(FRANKFURT:DRG) today announced that it has entered into a binding sale and purchase agreement (the “Transaction Agreement”) relating to a portfolio of 135 office and light industrial properties located in the Netherlands (the “Transaction Portfolio” or the “Dutch Assets”), expanding the REIT’s geographic presence in Europe and establishing a sizeable new real estate platform for the REIT with an experienced management team. The total purchase price for the transaction (the “Transaction”) is approximately EUR622.1 million ($903.0 million)1, representing a going in capitalization rate of 8.0%. The vendors for the Transaction (the “Vendors”) are TPG Real Estate, TPG Sixth Street Partners, and Patron Capital Partners. The Dutch Assets are currently operated under the name “Merin”.
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Northwest Healthcare Properties REIT Successfully Completes Acquisition of Generation Healthcare REIT

NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH) (NorthWest) today announces that NorthWest Australia(NorthWest Australia) has completed the acquisition of all the outstanding units in Generation Healthcare REIT (ASX:GHC) (Generation) – a $600M+ Australian healthcare real estate portfolio comprising 16 properties including hospitals, medical centers, laboratories, aged care facilities along with an accretive $230M+ development pipeline.  NorthWest also announces that NorthWest Australia has today passed a resolution as sole unitholder of Generation to appoint NorthWest Healthcare Australia RE Limited, as the responsible entity of Generation in place of APN Funds Management Limited.

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Nexus REIT completes $147 million acquisition

Nexus Real Estate Investment Trust (TSXV: NXR.UN) (“Nexus” or the “REIT“) announced today that it has completed the previously announced acquisition of a 100% interest in two properties and a 50% interest in 24 properties located throughout the Greater Montreal Area, the Greater Quebec City Area, and New Brunswick, comprising a total of 1,531,574 sq. ft. of gross leasable area (at Nexus’ ownership interests) for a purchase price of approximately $147 million.

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American Hotel Income Properties REIT Completes Its Transformative U.S. Acquisition


American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN) (TSX: HOT.DB.U) (OTCQX: AHOTF) announced today the completion of the previously announced acquisition of a geographically-targeted portfolio of 18 premium branded Marriott and Hilton hotels (the “Acquisition”) containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania (collectively, the “Eastern Seaboard Portfolio”) for approximately US$407.4 million, including brand-mandated property improvement plans (the “PIPs”). Continue reading American Hotel Income Properties REIT Completes Its Transformative U.S. Acquisition

Northwest Healthcare Properties REIT Successfully Completes Acquisition of of Generation Healthcare REIT

NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the “REIT”) announced today that its wholly owned subsidiary, NorthWest Australia,  has acquired 93.6% of all units (Units) in Generation Healthcare REIT (ASX:GHC) (Generation) as at the scheduled expiration of its all cash A$2.30 unconditional offer (Offer) to acquire all outstanding Units.

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Summit Industrial Income REIT Increases Its Distributions by 2.4%

“Following an active and successful year in 2016, our portfolio growth accelerated during and subsequent to the first quarter of 2017, augmented by strong operating performance and our proactive leasing activities,” commented Paul Dykeman, Chief Executive Officer. “Looking ahead, we expect a record year in 2017 as the significant increase in the size and scale of our property portfolio so far this year contributes to our revenue and FFO growth going forward. In addition, we continue to evaluate a number of additional accretive acquisition opportunities that we believe will further strengthen and diversify our asset base over the coming months.”

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CAPREIT Announces Increase in Monthly Cash Distributions

Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that its Board of Trustees had approved a 2.4% increase in monthly cash distributions to $0.1067 per Unit, or $1.28 per Unit on an annualized basis. The increase effective with the March 2017 distribution payable on April 17, 2017 to Unitholders of record as at March 31, 2017.

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Summit Industrial Income REIT Announces Property Acquisitions

Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has completed the acquisition of a 120,690 square foot light industrial property in Calgary, Alberta for a purchase price of $17.0 million. Continue reading Summit Industrial Income REIT Announces Property Acquisitions