Automotive Properties REIT Completes Acquisition of Six Automotive Properties in Île-Perrot, Québec for a Purchase Price of $70.5 Million

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[{"type":"text","content":"\n\n\n\n Automotive Properties REIT Completes Acquisition of Six Automotive Properties in Île-Perrot, Québec for a Purchase Price of $70.5 Million\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 25, 2025\n \n\n /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (\"Automotive Properties REIT\" or the \"REIT\") announced today the completion of its previously announced acquisition of a portfolio of five automotive dealership properties and one collision centre property located in Île-Perrot, Québec, a suburb of\n \n Montreal\n \n (collectively, the \"Île-Perrot Properties\") from a third party for a purchase price of approximately\n \n $70.5\n \n\n\n million.\n \n\n The Île-Perrot Properties (GM Île-Perrot, Île-Perrot Toyota, Mazda 2-20, Hyundai Île-Perrot, Ford Île-Perrot and a body shop) comprise an aggregate of approximately 178,000 square feet of gross leasable area situated on approximately 28 acres of land. The Île-Perrot Properties are tenanted by affiliates of Groupe AutoForce Inc., a private entity that owns and operates several automotive dealerships in the\n \n Greater Montreal Area\n \n . The respective operators of each of the Île-Perrot Properties are under long-term net leases with the REIT that are subject to annual adjustments linked to the consumer price index in Québec.\n \n\n The REIT funded the purchase price of the Île-Perrot Properties through the issuance of\n \n $10.0 million\n \n of Class B Limited Partnership Units (\"Class B LP Units\") by Automotive Properties Limited Partnership, the REIT's operating subsidiary, at a price per Class B LP Unit equal to\n \n $12.00\n \n , with the balance funded by the REIT's credit facilities.\n \n\n\n About Automotive Properties REIT\n \n\n\n Automotive Properties REIT is an unincorporated, open-ended real estate ...

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