Category Archives: Real Estate

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

Ontario Capping Rent Increases at 1.8 Per Cent for Tenants in 2018

Ontario’s expansion of rent control to all private market rental housing units across the province means that 250,000 more tenants will receive protection from unfair rent increases, and will have their rent capped at the annual rent increase guideline of 1.8 per cent in 2018.

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Choice Hotels Canada Launches Book to Build

Choice Hotels Canada, Canada’s largest hotel franchisor, is pleased to announce the launch of their new Book To Build campaign, a charitable program in partnership with Habitat for Humanity Canada to raise an estimated $100,000 for families in need of affordable housing.

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Economic fundamentals of Barrie set the stage for real estate investors

– New research from the Real Estate Investment Network shows the City of Barrie is poised for growth. Barrie meets criteria on REIN’s Long-Term Real Estate Success Formula for a future stable real estate market as the city continues to diversify its economy to support GDP, employment and population growth.

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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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