Allied Properties Real Estate Investment Trust announces closing of acquisitions in Montreal, Toronto and Winnipeg

About this update from Allied Properties Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\nTORONTO, Dec. 1 /CNW/ - Allied Properties REIT (TSX:AP.UN) announced\ntoday that it has closed the recently announced acquisitions in Montreal,\nToronto and Winnipeg for $55 million. These acquisitions bring the gross\nleasable area of the REIT's portfolio to 3.4 million square feet, with the\nMontreal target market accounting for 23% of the total, the Quebec City target\nmarket 5%, the Toronto target market 60% and the Winnipeg target market 12%.\n\n\nAllied Properties REIT is a leading owner and manager of Class I office\nproperties in Canada, with portfolio assets in the urban areas of Montreal,\nQuebec City, Toronto and Winnipeg. The objectives of the REIT are to provide\nstable and growing cash distributions to unitholders and to maximize\nunitholder value through effective management and accretive portfolio growth.\n\n\n","length":884,"tagName":"div"}]

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