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May 9, 2012
CAPREIT Announces $455 Million Acquisition
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) recently announced it has entered into an agreement to acquire 3,562 apartment suits throughout 14 properties across Canada. As well as the acquisitions in Ontario, Montreal, Quebec City and Halifax, CAPREIT will sell roughly 6,850,000 units at a purchase price of $22.75 per unit for a proceed of $155.8 million to partially finance the acquisition.
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May 9, 2012
TransGlobe to be Privatized by Starlight Investments
TransGlobe Apartment Real Estate Investment Trust recently announced it has entered into an agreement with Starlight Investments Ltd. and PD Kanco LP, pursuant to which REIT trust unit holders will be entitled to receive $14.25 in cash for each Unit through a combination of special cash distribution and redemption proceeds.
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May 9 2012
InterRent Announced $23.9 Million Acquisition
InterRent Real Estate Investment Trust recently announced it has entered into an agreement to acquire a complex of high and low-rise apartment buildings in Mississauga, Ontario.
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May 9, 2012
Brookfield Reports 2012 First Quarter Losses
Brookfield Real Estate Services Inc. recently announced the company’s 2012 Q1 results. The company announced the cash flow from operations for the first three months was $5.6 million, compared to $5.7 million for the same period in 2011.
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