MONTRÉAL, Sept. 19, 2022 /CNW Telbec/ – BTB Actual Property Funding Consider (TSX: BTB.UN) (“BTB” or the “REIT“) broadcasts the sale of a retail and administrative center assets situated at 5878-5882, Sherbrooke Boulevard East, in Montreal, Quebec.
This 10,773 sq. foot development used to be got in July 2007. All over the strategic repositioning of BTB’s portfolio, this assets used to be recognized as a possible disposition since that the valuables didn’t meet the REIT’s asset detention standards. BTB due to this fact disposed of this development for a complete attention of $4.4 million, except transaction prices. The web proceeds of disposal can be reinvested in acquisitions of commercial homes.
BTB is an actual property funding believe indexed at the Toronto Inventory Change. BTB is a assets proprietor energetic in Canada and bearing in mind those transactions, it owns 75 homes, representing a complete leasable house of roughly 5.9M sq. toes and a complete asset price that surpasses $1.2B.
BTB provides a distribution reinvestment plan to unitholders wherein the contributors might elect to have their per thirty days money distribution reinvested in more gadgets of BTB at a value in keeping with the weighted reasonable value for BTB’s Gadgets at the Toronto Inventory Change for the 5 buying and selling days right away previous the distribution date, discounted by way of 3%. For extra detailed knowledge, talk over with BTB’s web page at www.btbreit.com.
SOURCE BTB Actual Property Funding Consider
For additional knowledge: Philippine Soulié, Director of Communications, 514-286-0188 x236, [email protected]