RioCan to Sell 100 Smaller Retail Properties Across Canada Valued at Over $1.6 Billion

Toronto-based RioCan Real Estate Investment Trust announced today it plans to sell about 100 smaller and non-core properties over the next two to three years and will use the proceeds to ramp up development in the country’s six largest high-growth metros. RioCan, which expects to receive about US $ 1.2 billion in proceeds from the $ 1.6 billion in dispositions, did not identify the properties involved in the planned sale. In the decade since RioCan…
National Commercial Real Estate News From CoStar Group

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