Allied Properties Real Estate Investment Trust announces closing of acquisition of Cite Multimedia in Montreal

About this update from Allied Properties Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\nTORONTO, April 18 /CNW/ - Allied Properties REIT (TSX:AP.UN) announced\ntoday that it has closed the acquisition of Cite Multimedia, an urban office\ncomplex in Old Montreal. This acquisition, which fits squarely within the\nREIT's investment and operating focus, brings the gross leasable area of the\nREIT's portfolio to over 4.5 million square feet, with the Toronto target\nmarket accounting for 48%, the Montreal target market 39%, the Winnipeg target\nmarket 9% and the Quebec City target market 4%.\n\n\nAllied Properties REIT is a leading provider of Class I office space in\nCanada, with portfolio assets in the urban areas of Toronto, Montreal,\nWinnipeg and Quebec City. The objectives of the REIT are to provide stable and\ngrowing cash distributions to unitholders and to maximize unitholder value\nthrough effective management and accretive portfolio growth.\n\n\n","length":923,"tagName":"div"}]

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