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BTB Announces the Conclusion of The Acquisition of 9 High-Quality Industrial Properties and 1 Office Property in Western Canada for $94 Million
BTB Announces the Conclusion of The Acquisition of 9 High-Quality Industrial Properties a...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n BTB Announces the Conclusion of The Acquisition of 9 High-Quality Industrial Properties and 1 Office Property in Western Canada for $94 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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n MONTRÉAL,\n \n Jan. 6, 2022\n \n /CNW Telbec/ - As previously announced on\n \n December 22\n \n \n nd\n \n , 2021 BTB Real Estate Investment Trust (TSX: BTB.UN) (\"\n \n BTB\n \n \" or the \"\n \n REIT\n \n \"), has concluded the acquisition of 9 high-quality industrial properties and 1 office property located in\n \n Edmonton, Alberta\n \n and in\n \n Saskatoon, Saskatchewan\n \n for an aggregate purchase price of\n \n \n $94 million\n \n \n excluding transaction costs (the \"\n \n Acquisition\n \n \"). This Acquisition further increases BTB's exposure to the industrial sector whilst also enabling the REIT to broaden its geographic presence within\n \n Canada\n \n , in a disciplined manner.\n \n \n For more information regarding the Acquisition, please consult the press release published on\n \n December 22\n \n \n nd\n \n , 2021.\n \n \n \n \n \n \n \n \n \n \n ABOUT BTB\n \n \n \n BTB is a real estate investment trust listed on the Toronto Stock Exchange and is a property owner in eastern and western\n \n Canada\n \n and owns\n \n 71\n \n properties totaling approximately\n \n 5.6\n \n \n million\n \n square feet representing a total asset value of approximately\n \n \n $1.1 billion\n \n .\n \n \n \n \n BTB'S OBJECTIVES\n \n \n \n \n Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;\n \n \n \n \n Grow the Trust's assets through internal growth and accretive acquisitions in order to increase distributable income and therefore fund distributions;\n \n \n \n \n Optimize the value of its assets through the dynamic management of its properties in order to maximize the long-term value of its properties and therefore, its units.\n \n \n \n BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinve...