Tag Archives: Properties

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

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Government Properties REIT Buying First Potomac for $1.4 Billion

Following an 18-month ‘crash course’ in boosting shareholder value under CEO Robert Milkovich, Bethesda, MD-based First Potomac Realty Trust (NYSE:FPO) has accepted a buyout offer from Government Properties Income Trust (Nasdaq:GOV) for $ 1.4 billion in cash and debt assumption. Government Properties Income Trust, which is managed by the operating subsidiary of alternative asset management

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