Allied Properties REIT president and CEO Michael Emory

Allied Properties REIT president and CEO Michael Emory

RENX, March 7, 2022

Allied Properties REIT has an agreement to acquire six urban office properties comprising about 1.2 million square feet of space from Choice Properties REIT for $794 million.

Three of the buildings are in Toronto, one in Montréal and two in Vancouver.

Allied (AP-UN-T) says it will issue trust units to Choice Properties (CHP-UN-T) to finance 75 per cent of the purchase price (at $50.30 per unit) and provide a promissory note for the remaining 25 per cent. READ MORE >>

About the author
wpengine
This is the "wpengine" admin user that our staff uses to gain access to your admin area to provide support and troubleshooting. It can only be accessed by a button in our secure log that auto generates a password and dumps that password after the staff member has logged in. We have taken extreme measures to ensure that our own user is not going to be misused to harm any of our clients sites.

Leave a Reply

Your email address will not be published. Required fields are marked *

Are you an accredited investor?