Tag Archives: Real Estate Investment Trust (REIT)

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

Edgefront and Nobel Announce Merger to Create a $300 Million Diversified REIT Poised for Growth

Edgefront Real Estate Investment Trust (TSX VENTURE:ED.UN) (“Edgefront REIT”) and Nobel Real Estate Investment Trust (TSX VENTURE:NEL.UN) (“Nobel REIT”) announced today that they have Continue reading Edgefront and Nobel Announce Merger to Create a $300 Million Diversified REIT Poised for Growth

Vornado Declares an Increased Quarterly Common Dividend

VORNADO REALTY TRUST (NYSE: VNO) today announced that its Board of Trustees has declared a quarterly dividend at an increased rate of $.71 per share, a 2017 annual dividend rate of $2.84. The dividend will be payable on February 15, 2017 to shareholders of record on January 30, 2017.

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Milestone Apartments REIT to be Acquired by Starwood Capital Group

Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) (“Milestone” or the “REIT”) announced today that it has entered into an acquisition agreement (the “Acquisition Agreement”) with an Continue reading Milestone Apartments REIT to be Acquired by Starwood Capital Group