Allied Properties Real Estate Investment Trust announces closing of Quebec City portfolio acquisition

About this update from Allied Properties Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\n\nTORONTO, Sept. 8 /CNW/ - Allied Properties REIT (TSX:AP.UN) announced\ntoday that it has closed the previously announced acquisition of a portfolio\nof predominantly Class I office buildings in Quebec City's burgeoning Saint\nRoch office node for $32.5 million. This acquisition establishes a fourth\ntarget market for the REIT and brings the gross leasable area of the REIT's\nportfolio to 2.8 million square feet, with the Montreal target market\naccounting for 20% of the total, the Quebec City target market 7%, the Toronto\ntarget market 72% and the Winnipeg target market the balance.\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\n","length":1041,"tagName":"div"}]

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