Industry E-News Update
October 5, 2010
Killam Properties Begins Construction of Two-Phase Apartment Complex
The total construction cost is estimated to be $11 million, with an expected all-cash return, or capitalization rate, of between 6.5 per cent and seven per cent. To learn more about the complex and see the rendering, click here.
Morguard Corporation Announces Purchase under Normal Course Issuer Bid
Morguard Corporation recently announced that it has purchased for cancellation 291,250 common shares of Morguard under its normal course issuer bid through the facilities of the Toronto Stock Exchange. To learn more, click here.
Boardwalk REIT announces Automatic Trust Unit Purchase Plan in Connection with Normal Course Issuer Bid
Boardwalk REIT announced recently that it has entered into an automatic trust unit purchase plan with a broker in order to facilitate repurchases of its trust units under its previously announced normal course issuer bid. Click here to find out more.
CAPREIT Tenants back in their Suites after Major Power Surge Evacuates Building
The surge, which set off fire alarms and shattered light bulbs, occurred after the building’s electricity supplier replaced a transformer at the building. Click here to read this story.
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