Allied Properties Real Estate Investment Trust announces acquisition of the Balfour Building in downtown Montreal

About this update from Allied Properties Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\n\nTORONTO, April 19 /CNW/ - Allied Properties REIT (TSX:AP.UN) announced\ntoday that it has closed the previously announced acquisition of the Balfour\nBuilding, a Class I office property in downtown Montreal. The REIT used a\nportion of the net proceeds of its recently completed offering to fund this\nacquisition and intends to use the balance for general corporate purposes.\n\nAllied Properties REIT owns a portfolio of predominantly Class I office\nproperties in downtown Toronto and downtown Montreal. The objectives of the\nREIT are to provide stable and growing cash distributions to its unitholders\nand to maximize unitholder value through the effective management and\naccretive growth of its portfolio.\n\n\n","length":787,"tagName":"div"}]

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