Allied Properties Real Estate Investment Trust announces acquisition of property management business

About this update from Allied Properties Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\n\nTORONTO, July 4 /CNW/ - Allied Properties REIT (TSX:AP.UN) announced\ntoday that its wholly owned subsidiary, Allied Properties Management Limited\nPartnership, has completed the previously announced acquisition of the\nproperty management business of Allied Canadian Corporation. The Limited\nPartnership will provide property management and related services to the REIT\nand to third-party owners of commercial real estate.\n\nAllied Properties REIT owns a portfolio of predominantly Class I office\nproperties in downtown Toronto, downtown Montreal and downtown Winnipeg. The\nobjectives of the REIT are to provide stable and growing cash distributions to\nits unitholders and to maximize unitholder value through the effective\nmanagement and accretive growth of its portfolio.\n\n\n\n","length":855,"tagName":"div"}]

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